![Financially Legal artwork](https://is2-ssl.mzstatic.com/image/thumb/Podcasts124/v4/e4/90/b6/e490b6fe-b984-ff2e-98a4-a7cd47331410/mza_5794010552559012945.png/100x100bb.jpg)
37. What is the role of profit in your law firm? An interview with Brooke Lively from Cathedral Capital
Financially Legal
English - November 17, 2021 11:00 - 54 minutes - 74.8 MBEntrepreneurship Business Management businessfunding financialmanagement financialservices legalfunding legalservices Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
Have you ever considered the role of profit in a law firm? No, I mean, really thought about what it is, why it exists, whether it should be a part of your firm, and/or how to grow it. If so, then this episode is for you.
Brooke Lively is the founder and CEO of Cathedral Capital. Her mission is pretty simple: make law firms more profitable. And she’s written a book for lawyers all about it: it’s called From Panic to Profit.
In this episode of Financially Legal we talk with Brooke not only about profit but about how every firm - yes, even flat fee and personal injury firms - needs to leverage the billable hour. We discuss accounts receivable (AR) at law firms, how AR problems begin with the engagement letter, how saving a client credit card changes how you think about your law practice, and much more.
Download the 5 Pieces of the AR puzzle from Brooke and Cathedral Capital.