About this episode

Brooke Lively discusses financial best practices for law firms to maximize profit and manage spending.

As the owner of your law firm, are you satisfied with how much you make monthly? If the answer is no, would you like to fix that? In today's LAWsome episode, co-host Tanner Jones and Matt Smyers welcome Brooke Lively, author and founder of Cathedral Capital, to talk about the best practices for law firms looking to maximize profit and manage spending. Brooke began her career by managing her family's law firm. She soon realized that they needed help with the financial side of things and hired an agency to learn how to master their finances. After realizing other attorneys often faced the same issue, she opened her own business, Cathedral Capital, to help guide law firms through making better financial practices. Brooke shared many tools and useful mindsets with us. Some of them include: having a line of credit, no matter how big your last settlement was, and the importance of understanding your average case, so you can roughly estimate when you will be profitable and when you will not. Brooke also keeps her eye on not just the short-term finances but the long-term as well. These are just the highlights! Brooke has shared some amazing ideas with us, so listen to the latest episode…

People in this episode

Hosts: Tanner Jones, Matt Smyers

Guest: Brooke Lively

Topics covered

• law firm finances
• profit maximization
• financial management
• business practices
• law firm ownership

Keywords

• law firm
• financial management
• profit maximization
• line of credit
• business practices

Mentioned in this episode

Organizations: Cathedral Capital

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