November 7, 2021 11:49 amRyan Kimler is the Founder of Financial Clarity, working with solo and partner practice law firms, bringing them financial clarity to grow their law practice into successful and profitable businesses. In this episode, Ryan talks about how important financial discipline and accounting is for a law firm and how invaluable the guidance of a CFO or accountant can be on that regard.
They also discuss how the CFO and accountant is not only useful for keeping your law firm financially uncompromised, but also to project future earnings and actions that must be taken to ensure the firm’s profit for each of its members.
Key moments:
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Why does a law firm need a CFO (0:50)
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Getting past the frustration of the financial aspect of running a law firm (10:15)
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Reducing the time spent trying to manage IOLTA accounts (19:03)
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Tips for saving your law firm’s funds and increasing it’s income(21:04)
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MEMORABLE QUOTES
“Accounting and finance doesn’t have to be the scary part of your firm… we want to be your guide, help you out, give you a clear direction and clean financials and bring clarity around the numbers of your law firm” – Ryan Kimler
ABOUT RYAN KIMLER
Ryan Kimler, Founder of Financial Clarity
CFO and Accounting for Law Firms
Ryan Kimler is an Accountant and CFO. His passion is in helping attorneys run their law firm by the numbers to increase profitability and cash flow. He helps attorneys spend more time working on their business instead of in their business so that lawyers can get back to crushing their business instead of the other way around.
Website: https://www.financialclarityllc.com/
LinkedIn: https://www.linkedin.com/in/ryankfinancialclarityllc/
Facebook: https://www.facebook.com/rkimler
Blog: https://financialclarityllc.blogspot.com/
YouTube: https://www.youtube.com/channel/UCiLyqCOvxvnnlr3_6BOGqww
Have comments, questions, or concerns? Contact us at feedback@1958lawyer.com
“The 1958 Lawyer and his 1938 Dollar” still defines the business of law…
It’s time for a change.
If you’re a lawyer, you’re familiar with the ABA article “The 1958 Lawyer and his 1938 Dollar” which gives our podcast its title, and its inspiration. That article was the start of the billable hour for law firms…And the last major change to the business of law, 70+ years ago now. Well, it’s past time for another change.
This podcast is all about bucking the status quo of the business of law. Your host Ron Bockstahler runs Amata Law Office Suites, providing law firms an alternative to the traditional fixed-cost business model that places unwanted stress on attorneys to work long hours that often-times lead to burn out, broken relationships and in many cases substance abuse. Each week he’ll discuss alternatives to the 12 hours days, endless rotation of clerks and paralegals, and the expensive offices leased to impress clients who rarely show up in person anymore. He’ll interview successful lawyers who are doing law differently, and finding a work-life balance while still running a successful firm.
Do you want to find a better way to run your law firm? It’s time for the next big change in the business of law, and you’ll get it here on The 1958 Lawyer.