Running a practice involves many moving parts, but a key area legal accounting many firms don’t capitalize on is tracking where revenue is coming from. By closely looking at where income is being generated, you can make decisions about your firm using accurate data, opening the door to new business opportunities by creating valuable business intelligence around cases types and practice areas. Doing this will enable your firm to spend its marketing dollars and resources more effectively.

Check out what else you can do to improve your law firm with Better Business Practices for Lawyers.