Adjustment Bureau: It’s Time to Look at Your Expenses

As the coronavirus pandemic continues to persist in some form or another, law firms should continue to scrutinize their expenses to see whether and where they can reduce their overhead.  This should be at least an annual exercise for law firms, and not one that is forced by the pressures associated with a global pandemic.

An easy place to start is with subscription services.  Lots of law firms maintain subscription services they don’t use, especially with respect to technology.  And, many law firms only use a small part of the softwares they have access to.  With law firms continuing to feel the pressure to build more virtual business models, there’s no time like the present to get more lean.  And, that starts with streamlining your technology.  Determine, then, which software tools you’re actually using, and to what extent you’re using them.  Then, begin to eliminate subscriptions you don’t need, or move off of tools for which you’re not using the full feature set, in order to opt for more targeted (read: less expensive) versions.  Lastly, figure out which technologies you’re missing, and find the best values to plug those holes.

It’s more important than ever for small businesses to run efficiently and effectively.

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If you need to get lean in a hurry, we can help.

The Wyoming State Bar offers free law practice management consulting services through Red Cave Law Firm Consulting.

To request a consult, visit the Wyoming State Bar’s law practice management page, and start running your law firm like a business.

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