Financial Metrics: The Key to Growing Your Law Firm with John Scott and Kip Bilderback
We are excited to welcome John Scott and Kip Bilderback to the podcast to walk you through everything you need to know to help your law firm clients grow!
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00:26 Meet the Special Guests: John Scott and Kip Bilderback
01:34 John Scott's Journey and Expertise
03:10 Kip Bilderback's Background and Insights
05:55 Impact of the 2008 Housing Crash and COVID-19
09:45 Financial Preparedness and Line of Credit
13:24 Challenges in Law Firm Financial Management
18:30 The Role of Coaches and Consultants
27:14 Strategic Growth and Transparency in Law Firms
32:32 Embracing AI in Accounting
33:19 The Value of Continuing Education
34:27 Subscription-Based Billing in Law Firms
35:02 Challenges of Time Tracking
35:55 The Role of Rainmakers and Managers
37:36 Managing Law Firm Growth
38:35 Best Practices for Law Firm Operations
39:59 Navigating Partner Dynamics
41:16 The Importance of Financial Transparency
49:17 Leveraging Interns and AI
52:46 Remote Work and Firm Culture
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John Scott, Partner at Anders CPAs + Advisors, has over thirty years of experience in financial consulting, specializing in law firms. He expertly manages profits through effective cash flow and KPI strategies and reduces taxes with his deep knowledge of tax codes. Leading the Virtual CFO servicesā€™ legal division, John provides strategic guidance to mid- sized law firms. His advice covers staff utilization, cash flow planning, hiring, career development, trust accounting, and partner distributions. John uses an advanced tech stack for data-driven decision-making and is writing a book on success strategies for law firms.
Kip Bilderback, with nearly 30 years in the legal field, is an experienced lawyer and business owner proficient in various aspects of law and management, including operations and strategic planning. Starting as a law clerk at Millsap & Singer, he evolved the firm from ten employees to 122, transitioning from analog to a fully integrated network. His leadership steered the firm through the mortgage and COVID crises. Beyond managing his firm, Kip has significantly impacted the legal community, holding roles from committee member to president at the USFN, driving industry standards and leading key financial and governance initiatives.
Modernize Your Law Firm: Transform Your Law Firm for the Future by Lynda Artesani
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Accountants Law Pod is hosted by Lynda Artesani, Sarah Prevost, and Steve Libhart and directed/produced by Teaira Burge and The Proper Trust. Music by ComaStudio from Pixabay - Edited by audiovideo_uk
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