08/15/2026
Yesterday, I enjoyed facilitating a group discussion at the Texas Trial Lawyers Association Law Firm Management CLE about the financial side of running a law firm.
For contingency-fee firms, the work may be steady, but the income is not. Cases can take months or years to resolve, expenses continue regardless of when fees are collected, and having a large caseload does not necessarily mean the firm is profitable.
We had a candid and practical conversation about maintaining adequate cash reserves, controlling overhead, forecasting revenue, evaluating case profitability and making sure the firm is building long-term financial stability—not simply staying busy.
One of the best parts of TTLA is the willingness of trial lawyers to openly share their experiences and help one another build stronger practices. I appreciated everyone who contributed to the discussion and made it so worthwhile.