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Tech Tip #50: Know Where Firm Revenue is Coming From to Grow

Running a practice involves many moving parts, but a key area legal accounting many firms don’t capitalize on is tracking where revenue is coming from. By closely looking at where income is being generated, you can make decisions about your firm using accurate data, opening the door to new business opportunities by creating valuable business intelligence around cases types and practice areas. Doing this will enable your firm to spend its marketing dollars and resources more effectively.

Check out what else you can do to improve your law firm with Better Business Practices for Lawyers.

CosmoLex Team

CosmoLex is a leading legal practice management solution that is trusted by thousands of law firms across North America. CosmoLex is a single solution that lets solo legal professionals & small law firms manage their practice, billing, AND accounting all in one login, on any device, at any time. CosmoLex users can eliminate the need to maintain multiple programs because CosmoLex does it all -- including time & expense tracking, billing, business accounting, trust (IOLTA) accounting, calendaring, task, email & document management, even secure client communications -- in one web-based application.