Just because there's money in the bank doesn’t mean your firm is financially healthy.
And that’s exactly why learning to project your cash flow isn't a luxury, it’s a non-negotiable skill if you want to grow your firm without constantly stressing about money.
In this episode of Crushing Chaos With Law Firm Mentor, I share five powerful strategies to help you create accurate, reliable, and dynamic financial projections. These are the same tools we use with clients to ensure their growth plans don’t lead to a cash crunch.
You’ll hear real stories from the trenches, like the firm owner who relied on an associate’s “gut feeling” about seasonality and nearly tanked their bonus strategy. I’ll also explain how to forecast based on your firm’s actual capacity, why historical data is your best friend, and how to time your revenue and expenses so you’re never caught off guard.
If you’ve ever looked at your finances and thought, “Where did all the money go?” this episode is for you.
Tune in now!
Key Takeaways:
Introduction (00:00)
Use historical data (03:43)
Always account for seasonality (08:49)
Forecast revenue by capacity (15:07)
Tie expense projections to growth levers (22:27)
Build dynamic cash flow projections (25:52)
Additional Resources:
⚡ [Free Training] 5 steps to never stop growing: https://lawfirmmentor.net/go/
⭐ Connect with us on socials:
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Follow us on Instagram: https://www.instagram.com/law_firm_mentor/
Follow us on LinkedIn: https://www.linkedin.com/company/law-firm-mentor-llc/
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Crushing Chaos With Law Firm Mentor is a podcast aimed to help lawyers and law firm owners scale their business, make more money, and escape the 60-hour week grind for a life they love. Follow us wherever you get your podcasts so you don’t miss a thing!
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