Things You Should Do For Your Law Firm BEFORE The End Of The Year (Part Two)
Earlier this month, we shared just some of the steps you can take before the end of the year to set your law firm up for success in 2025. This includes getting proactive when it comes to managing your finances and working to strengthen your relationship with your clients.
However, in order to ensure you hit the ground running in 2025, we thought we’d share some additional tips, too!
Focus on improving your company culture. Focusing on improving your company culture is one of the easiest ways to set yourself up for long-term success in the legal sector. This is because it influences everything from your employee retention rates to the quality of applicants looking to fill vacancies within your team.
Fortunately, there are many ways in which you can improve the company culture. For example, you should make a concentrated effort to ensure that everyone, from interns to partners, feels as though they are working for the same team. This will improve colleague relationships, making for smooth, stress-free collaboration. This is particularly important when you consider the fact that legal workplaces are often associated with hyper-competitive environments, which can quickly take their toll on an individual’s well-being and motivation.
Strengthen your online presence. Did you know that over 1/3 of people who are looking for an attorney will search online? This means you cannot rely on referrals alone to build a solid client base, especially as people are more likely to ask ‘Google’ for suggestions than their friends and family.
As such, you can ensure you’re bringing in as many clients as possible in 2025 by strengthening your online presence. For example, you could start by hiring a social media manager who can help you expand your reach, ultimately improving your bottom line.
You may also want to take this as an opportunity to revamp your website, ensuring that it is as accessible as possible. This way, potential clients can quickly and easily find what they are looking for, whether they are accessing your site from their mobile, tablet or PC. Improving your website will also make it easier for your site to rank highly on Google and other search engines.
Get started on your taxes. Right now, the 2025 tax season may seem a long way away, but it will roll around much quicker than you think. Furthermore, ensuring that you’re prepared now means that you’ll have all of the necessary documents, reports, and receipts together by April, putting you in a much better position moving forward.
If you are not sure where to begin when it comes to tax planning and financial management, we’re here to help!
At FinOp Group, our team of experienced accountants have in-depth experience when it comes to helping law firms navigate their way through federal, state, local and international taxes. This will give you much greater peace of mind come tax season while also helping you to make smarter financial decisions on behalf of your firm.
