Financing A Law Firm

The Law Firm Finance section of FindLaw's Law Firm Management Center provides free resources related to financial issues encountered by solo and small law firm practices. Business issues such as Finance Basics, Legal Funding, Loans and Credit Cards, How to Price Legal Services, and Closing Business are vital to the long-term success of your law firm. Finance is the engine that propels business. As a small business owner, you need to understand financial issues well enough to make informed decisions that impact your law practice. Browse, read, and share FindLaw's collection of articles, tips, and lists that focus on Law Firm Finance.

Learn More About Financing A Law Firm

    • How to Price Your Legal Services

      Setting fees for legal services is obviously a major issue to consider, not only when establishing your practice, but throughout the life of your law firm. There are various ways to price your fees. Some methods require heavy calculations, while others simply require you to survey the market to help determine your fees.

      Financing Basics: Do You Have Enough Business Capital?

      Sufficient capital is essential for a successful business, as is having the understanding of how to manage it properly. To avoid missteps, there are several key considerations every business owner should reflect upon before seeking financing.  


      What Attorneys Should Know About Accepting Credit Cards

      Figuring out how best to accept credit card payments from your clients can be a daunting (and intimidating) process. From deciphering all the techno-babble about complicated fee structures and minimums to choosing an account that gives you the maximum amount of control over your money - you'll be swimming in murky water at the best of times (and you've got to watch out for sharks).

      Financial Management in a Contingent Fee Practice

      This article illustrates how borrowing funds and converting non-deductible litigation expenses into tax deductible expenses has the cumulative dual benefits of creating a larger pool of funds for law firm investment in litigation costs, growth and partner distributions, and reducing the firm's net cost of using borrowed funds.


      What is a Balance Sheet?

      The balance sheet is a statement of an organization's financial condition on a given date. It is a crucial tool for you and others to understand the value of your company and the state of its financial health. Find out more about the various sections that make up a balance sheet.

      Lawyers: Accepting Credit Card Payments Via Smartphone or Tablet

      With mobile credit card processing through your smartphone or tablet, it's easier than ever to get your legal fees paid by credit card.


Financing A Law Firm Articles
    • Litigation Funding: Is It Right for Your Case?

      Litigation funding services have been put in place to provide relief to people who are involved in pending litigation and through no fault of their own, need financial assistance, but do not qualify for traditional loan products. However, litigation funding can be, and often is, expensive. How do you know if this is right for your case?

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    • Small Business Succession Planning Strategies

      There are more than 27 million small business owners in the United States. At some point during the life of the business, many business owners will have to decide when the right time to step out of the business will be, and the best way to do it. There are many tools business owners can use to transfer their business. Selecting the right one will depend on the circumstances -- whether business owners plan to retire from the business or keep it until they die. If the business owner has partners, it can be one of the most important decisions a business owner will make.

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    • How to Price Your Legal Services

      Setting fees for legal services is obviously a major issue to consider, not only when establishing your practice, but throughout the life of your law firm. There are various ways to price your fees. Some methods require heavy calculations, while others simply require you to survey the market to help determine your fees.

      Read More »

    • Financial Management in a Contingent Fee Practice

      This article illustrates how borrowing funds and converting non-deductible litigation expenses into tax deductible expenses has the cumulative dual benefits of creating a larger pool of funds for law firm investment in litigation costs, growth and partner distributions, and reducing the firm's net cost of using borrowed funds.

      Read More »

    • Solo and Small Law Firm Accounting Issues

      There are two primary types of accounting methods: accrual and cash accounting. Regardless of which method you choose, there are a few accounting and financial management problems common to both methods. Therefore, before you hang up your shingle, you should carefully consider and address these issues.

      Read More »

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