Go offline with the Player FM app!
(127) Finances: How to Run a Law Firm in 2025
Manage episode 485777666 series 3284066
In the fourteenth episode of How to Run a Law Firm in 2025, Lauren Lester and Mathew Kerbis discuss their approaches to budgeting, financial planning, and tracking expenses, sharing practical tips and personal anecdotes on handling cash flow, leveraging credit card rewards, and making smart financial decisions. Mathew provides insights into maximizing rewards through credit card strategies and utilizing tools like Amazon Business Prime, while Lauren elaborates on the importance of consistent tracking and the profit-first method. They also touch on the significance of managing payroll taxes and quarterly estimates, emphasizing the need for informed financial planning to sustain and grow a successful law firm. Lauren also shares her approach to managing payroll and estimated tax payments. Both Mathew and Lauren highlight the necessity of adaptive financial strategies that cater to individual needs and circumstances, ensuring firm sustainability and personal financial health.
__________________________
Sign up for Paxton, my all-in-one AI legal assistant, helping me with legal research, analysis, drafting, and enhancing existing legal work product.
Get Connected with SixFifty, a business and employment legal document automation tool.
Sign up for Gavel, an automation platform for law firms.
Check out my other show, the Law for Kids Podcast.
Visit Law Subscribed to subscribe to the weekly newsletter to listen from your web browser.
Prefer monthly updates? Sign up for the Law Subscribed Monthly Digest on LinkedIn.
Want to use the subscription model for your law firm? Sign up for the Subscription Seminar waitlist at subscriptionseminar.com.
Check out Mathew Kerbis' law firm Subscription Attorney LLC.
Get full access to Law Subscribed at www.lawsubscribed.com/subscribe
168 episodes
Manage episode 485777666 series 3284066
In the fourteenth episode of How to Run a Law Firm in 2025, Lauren Lester and Mathew Kerbis discuss their approaches to budgeting, financial planning, and tracking expenses, sharing practical tips and personal anecdotes on handling cash flow, leveraging credit card rewards, and making smart financial decisions. Mathew provides insights into maximizing rewards through credit card strategies and utilizing tools like Amazon Business Prime, while Lauren elaborates on the importance of consistent tracking and the profit-first method. They also touch on the significance of managing payroll taxes and quarterly estimates, emphasizing the need for informed financial planning to sustain and grow a successful law firm. Lauren also shares her approach to managing payroll and estimated tax payments. Both Mathew and Lauren highlight the necessity of adaptive financial strategies that cater to individual needs and circumstances, ensuring firm sustainability and personal financial health.
__________________________
Sign up for Paxton, my all-in-one AI legal assistant, helping me with legal research, analysis, drafting, and enhancing existing legal work product.
Get Connected with SixFifty, a business and employment legal document automation tool.
Sign up for Gavel, an automation platform for law firms.
Check out my other show, the Law for Kids Podcast.
Visit Law Subscribed to subscribe to the weekly newsletter to listen from your web browser.
Prefer monthly updates? Sign up for the Law Subscribed Monthly Digest on LinkedIn.
Want to use the subscription model for your law firm? Sign up for the Subscription Seminar waitlist at subscriptionseminar.com.
Check out Mathew Kerbis' law firm Subscription Attorney LLC.
Get full access to Law Subscribed at www.lawsubscribed.com/subscribe
168 episodes
All episodes
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.