Legal Industry! Important Statistics to Know…

I recently spoke on the topic, “Pricing in Today’s Legal Market” and thought I would share some statistics that I found during my research. How does your firm compare? Altman Weil reports 1/3 of in-house counsels plan to decrease their spending on outside counsel over the next 12 months, while...

The Next Big Thing in Law

The word is out! Our Plug and Practice business model was just announced in The Huffington Post! Huffington Post Article – Read it Here The huge economic advantage of outsourcing your back office needs is not news, but the seamless transition due to the advances in technology is. No longer...

Why Outsourcing Makes More Sense Now Than Ever

In a recent President’s Message, American Bar Association President, Linda Klein, discussed the ever prevalent issue that plagues attorneys: time management. She quoted Supreme Court Justice Sandra Day O’Connor as saying in 1999, “Certainly, life as a lawyer is a bit more complex today than it was a century ago....

Your Year End Checklist!

Because many of you have asked, we have put together a list of items to consider as you are preparing to close your calendar year and prepare for the New Year. B2 Legal Management Accountants will assist you in handling many of the routine end of year tasks. Please let...

Understanding your Business Barometer

Attention Law Firm Clients and Prospective Clients! Have you ever wondered how your law firm compares to your competitors in Billable Hours, Billing Rates, Revenue, Expenses, Compensation, Staffing Ratios, Billing Realization and Collection Realization? Let the team at B2 plug in your data and compare your firm to the 2016...

The Myth of Free Parking

There is no such thing as “free parking”. And now there is an IRS rule that has not been relevant to most employers until recently. With the continuous rising costs of parking in downtown, many employers who pay for all or part of employee parking need to be aware of...

Budgets…What Good Are They?

Usually the first thoughts when considering a budget are: Where do I begin?” … “There’s no way to predict what is going to happen, so why bother?” … “There’s not enough time to do this” … “I can build it, but no one will ever use it.” Regardless of your...

Calculating Overtime – The Right Way!

Calculating overtime is pretty simple…right? You pay nonexempt employees one-and-one-half times their hourly rate for any hours over 40 hours in a work week. But, did you know that you have to add to the regular hourly rate any non-discretionary bonuses or certain types of commissions that are paid during...

The Importance of Auditing

A Department of Labor (DOL), Department of Justice/Immigration and Naturalization Service (INS), Equal Employment Opportunity Commission (EEOC) AUDIT? It’ll never happen to me... That’s what most employers think, which is a big mistake! Many employers now find themselves paying legal fees in addition to large fines. Just look on the...