Financial management is not every-body’s cup of tea. But law firms, particularly smaller firms, neglect the financing of their practice at their peril. Legal practices face very particular financial challenges and often the only way to assure a secure financial future is to align specific needs with appropriate financing techniques.
The good news is that finance is no longer a commodity. To the great benefit of legal practices, financial services firms have learned that they need to offer far more than just the best price to differentiate themselves. Today, law firms should forge a relationship with a trusted finance partner to make sure they understand both the legal profession and individual practice needs.
