Adjustment Bureau: It’s Time to Look at Your Expenses

As the coronavirus pandemic continues to force business shutdowns and social distancing, some law firms will be forced to make hard choices about staffing and continued business operations.  But, all law firms should now start looking at expenses, to see whether they can reduce their overhead – at least over the next quarter. 


An easy place to start is with subscription services.  Lots of law firms maintain subscription services they don’t use, especially with respect to technology.  And, many law firms only use a small part of the softwares they have access to.  With law firms now feeling the pressure to build more virtual business models, there’s no time like the present to get more lean.  And, that starts with streamlining your technology.  Determine, then, which software tools you’re actually using, and to what extent you’re using them.  Then, begin to eliminate subscriptions you don’t need, or move off of tools for which you’re not using the full feature set, in order to opt for more targeted (read: less expensive) versions.  Lastly, figure out which technologies you’re missing, and find the best values to plug those holes. 

It’s more important than ever for small businesses to run efficiently and effectively. 

. . . 

If you need to get lean in a hurry, we can help. 

Through a unique partnership between the bar association and Jared Correia's Red Cave Law Firm Consulting, National Creditors' Bar Association members now have access to experienced law practice management consultants at a special discount rate. To get started, visit Red Cave's NCBA landing page, and start running your law practice like a business.

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