Law Subscribed (127) Finances: How to Run a Law Firm in 2025
In the fourteenth episode of How to Run a Law Firm in 2025, Lauren Lester and Mathew Kerbis discuss their approaches to budgeting, financial planning, and tracking expenses, sharing practical tips and personal anecdotes on handling cash flow, leveraging credit card rewards, and making smart financial decisions. Mathew provides insights into maximizing rewards through credit card strategies and utilizing tools like Amazon Business Prime, while Lauren elaborates on the importance of consistent tracking and the profit-first method. They also touch on the significance of managing payroll taxes and quarterly estimates, emphasizing the need for informed financial planning to sustain and grow a successful law firm. Lauren also shares her approach to managing payroll and estimated tax payments. Both Mathew and Lauren highlight the necessity of adaptive financial strategies that cater to individual needs and circumstances, ensuring firm sustainability and personal financial health.
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