Financing Basics - Page 2
This is FindLaw's Law Firm Management Center's collection of free articles related to Finance Basics, which includes issues like cash vs. accrual accounting and debt collection. Lawyers may not make good accountants, but they should understand the basics of law firm finance if they are running their own firm. Start your research with FindLaw.
If you're one of the 20 million self-employed in the United States, you'll need to pay your own FICA taxes and take charge of your own retirement plan, among other things.
There are two kinds of people in the world, says finance expert Tom E. Greene: word people and number people. Most lawyers fall into the first group, which explains why they either panic or gloss over when faced with financial concepts in litigation.