Transforming Cash Flow with Strategic Billing and Hiring with John Scott and Kip Bilderback
Struggling to maintain consistent cash flow and effective case management in your law firm?
Join Moshe Amsel as he interviews John Scott, partner at Anders CPAs & Advisors, and Kip Bilderback, lawyer and business owner, on the latest episode of the Profit with Law Podcast. Discover the importance of standardizing billing processes, enforcing accountability through incentives, and utilizing tools like QuickBooks for accurate financial management. John and Kip share their insights on dynamic forecasting versus static budgeting, preemptive hiring strategies, and defining your firm's vision for growth. They also discuss practical steps for smaller firms to improve financial stability and the need to document business processes.
Listen now to learn how to turn your firm's financial and operational challenges into opportunities for growth and efficiency!
Episode Highlights
[00:00] Introduction to John Scott and Kip Bilderback
[04:10] Why Law Firms Struggle: Insights from Fractional CFOs and COOs
[10:41] Key Metrics for Law Firm Success
[16:59] Law Firm Growth Dilemma: Hire First or Market First?
[21:57] A Step-by-Step Guide to Strategic Scaling for Law Firms
[28:03] John and Kip’s Parting Piece of Advice
Resources
Take the Law Firm Growth Assessment and find out how you rate as a law firm owner!
Check out our Profit with Law YouTube channel!
Learn more about the Profit with Law Elite Coaching Program here
Connect with John Scott: LinkedIn | Twitter (X) | Facebook | Instagram | YouTube | Tiktok
Connect with Kip Bilderback: LinkedIn | Twitter (X) | Facebook | Instagram
Get a FREE digital copy of John Scott’s book
About John Scott
John is Partner at Anders CPAs + Advisors. With over thirty years of experience, he brings a breadth of financial knowledge and a deep expertise in advising law firms. With a long track record of success that includes firms of all sizes and specialties, John helps maximize profits via cash flow management and KPIs, while maximizing taxes with his extensive understanding of the tax code.
Leading the legal industry division of his firm’s Virtual CFO services, John offers strategic advising to mid-size law firms, using a customizable, industry-leading tech that allows firms to make data driven decisions. He advises strategies around: staff utilization, cash flow planning, when to hire, creating clear career paths, trust accounting, accounting controls, and partner distributions. He is the author of a forthcoming book on creating a roadmap to success for law firms.
Connect with John Scott on LinkedIn. You can also follow him on Twitter (X), Facebook, Instagram, YouTube and Tiktok.
About Kip Bilderback
Boasting nearly 30 years of experience in the legal industry, Kip is a distinguished business owner and lawyer well-versed in Law and Legal Regulation, Operations Management, Information Systems, Finance, Marketing, and Strategic Planning. Beginning as a law clerk with his firm, Milsap & Singer, Kip mastered the aspects of Legal Practice and Law Office Management. Together with his partners, the law firm from ten employees to over 122, developing from a purely analog case management approach to a gully integrated network and operations infrastructure. His collaborative leadership successfully guided his firm through the mortgage crisis of the early 2000s and the challenges posed by the COVID crisis.
Beyond his role as a firm owner, Kip has been an influential force within the legal community. His contributions to the USFN, including positions as a committee member, director, secretary, vice president and president, highlight his commitment to shaping industry standards. He remains actively engaged in and spearheads numerous strategic planning sessions, and financial projects, including budgeting and finance, and governance initiatives.
Connect with Kip Bilderback on LinkedIn. You can also follow him on Twitter (X), Facebook and Instagram.
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Author
Moshe Amsel
Author
Moshe Amsel the host of the Profit with Law podcast is not an attorney. As the owner of a successful accounting firm DreamBuilder Financial and Law Firm Growth coaching organization Profit with Law, Moshe has proven that there are better and different ways for a law firm to do business and be successful.
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