Law Firms and Finance

Hosted by TLTurner Group Inc.

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Episodes

159

Latest episode

Oct 2025

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EN-US

About the show

To run a successful and "profitable" law firm, you have to understand the financial aspects of your business, so we created a resource to help you. Whether you work with another firm or us, we want you to know these critical topics that impact your firm's profitability and enjoy the content.

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October 24, 202512 min

One Financial Habit That Can Save Your Firm

Does your law firm have enough cash to thrive through uncertainty?Many firms miss growth opportunities simply because they lack a financial cushion. In this episode, Terrell A. Turner, CPA, breaks down how to build a strong cash reserve so your firm can make smarter, more confident decisions.You’ll learn how to:- Build a 3–6 month cash reserve without disrupting operations- Develop daily and monthly cash management habits that support stability- Use your cash buffer to seize opportunities instead of reacting to crises- Gradually strengthen your firm’s financial flexibility and resilience👉 Start building your firm’s safety net today with a proven cash reserve strategy that keeps your business steady in any season.---Timestamps00:00 Introduction: The Tough Conversations00:12 Missed Opportunities Due to Financial Instability02:03 The Importance of Cash Reserves03:28 Building a Cash Reserve Strategy05:51 Gradual Growth and Financial Cushion08:37 Strategic Investments and Financial Flexibility09:15 Investment Tips for Excess Cash10:19 Final Thoughts and Next Steps---Resources & Links- Book a Discovery Call → https://calendly.com/tlturnergroup/bookkeeping---About TLTurner GroupAt TLTurner Group, we help law firms simplify finances, grow profitably, and make confident business decisions. Led by Terrell A. Turner, CPA, a nationally recognized finance expert, our team empowers law firm owners to gain control, clarity, and confidence in their numbers.---#LawFirmFinance #CashManagement #LawFirmSuccess #FinanceForLawyers

October 20, 202510 min

The Real Meaning of Fitness (It’s Not What You Think)

What does it really mean to be “fit” as a lawyer?It’s not just about lifting weights or running miles — true fitness is about being prepared for the demands of your personal and professional life.In this episode of the Healthy Lawyer Life Series, Dr. Vail redefines fitness through a lawyer’s lens, focusing on:- The role of mental fitness in handling stress and decision-making- Why brain health is central to long-term performance- How nutrition, sleep, and emotional well-being impact your daily practice- Practical steps for building a fitness approach that matches your unique role and responsibilitiesWhether you’re working long hours in litigation, managing a firm, or balancing client demands, this conversation will help you build the resilience you need to thrive.---Timestamps00:00 Introduction and Welcome00:45 Defining Fitness: What Does It Mean?02:52 Fitness for Your Life: Practical Examples06:28 Mental Fitness for Lawyers10:35 Conclusion and Contact Information---Resources & Links- Healthy Lawyer Life Playlist → https://youtube.com/playlist?list=PL1b3exZNdhVEjyKnjsCrDfJ_zsC3kq_mi&si=7gpXQmB1pHLOej-9- Connect with Dr. Bill → https://www.huronconsultinggroup.com/company/our-speakers/speakers/bill-satterwhite- Book a Free Law Firm Wellness & Finance Consultation → https://calendly.com/tlturnergroup/bookkeeping---About TLTurner GroupAt TLTurner Group, we’re passionate about helping lawyers achieve financial clarity and personal well-being. Through our Healthy Lawyer Life Series, we share insights on balancing mental health, performance, and profitability so you can build a sustainable practice and a healthier life.---#HealthyLawyerLife #LawyerWellness #MentalFitnessForLawyers

October 13, 202523 min

Can Your Life as a Lawyer Be Better? | Interview with Jess Birken

Can Your Life as a Lawyer Be Better? | Interview with Jess BirkenRunning a law firm can be rewarding, but it can also leave you asking, “Can my life be better?”In this candid conversation, Terrell A. Turner, CPA, sits down with attorney and practice innovator Jess Birken to unpack what it really takes to build a law practice that supports both your career and your life. From navigating burnout and secondary trauma to creating systems, hiring the right team, and automating the work lawyers shouldn’t be doing, Jess shares powerful lessons from her own journey through private practice, nonprofit leadership, and law firm ownership.In this interview, you’ll learn:- How Jess pivoted from hating trial work to running her own thriving practice- Why many lawyers stay stuck in outdated habits (and how to break free)- The hidden costs of doing everything yourself and how to delegate effectively- Practical tips for automating tasks so you can focus on client value- Two game-changing pieces of advice for lawyers ready to grow on their own terms👉 Want to build a healthier, more profitable law firm?Download your free Law Firm Staffing Guide: [www.tlturnergroup.com/spr](http://www.tlturnergroup.com/spr)👉 Stay ahead with weekly law firm finance + leadership tips.Subscribe now: https://www.youtube.com/@lawfirmsandfinance8002---Timestamps00:00 Welcome + The Question Every Lawyer Asks02:30 Jess Birken’s Journey from Trial Law to Nonprofit to Private Practice08:45 The Reality of Burnout, Trauma, and Lawyer Well-Being15:20 Building a Practice that Fits Your Life23:10 Why Lawyers Must Stop Doing Everything Themselves29:45 Automating & Delegating: Operating at the Top of Your License38:10 Hiring Your First Team Member (and why it’s scary but necessary)47:00 Jess’s Top 2 Pieces of Advice for Law Firm Owners---🌐 Connect with Jess Birken:Hack Your Practice Pen Pal List: https://www.hackyourpractice.lawyer/LinkedIn: https://www.linkedin.com/in/jessbirken/Facebook: https://www.facebook.com/birkenlawYouTube: https://www.youtube.com/channel/UCOiW22abwG8RAGRS24lOpAA---🌐 Connect with Law Firms and Finance powered by TLTurner Group :Website:https://www.tlturnergroup.com/LinkedIn: https://www.linkedin.com/showcase/law-firms-finance/Instagram: https://www.instagram.com/lawfirmfinance/#LawFirmSuccess #LawFirmFinance #JessBirken #TLTurnerGroup

October 10, 20258 min

Is Your Law Firm Prepared for Financial Pressure?

Is Your Law Firm Prepared for Financial Pressure?Just like a medical stress test reveals hidden risks in the body, a financial stress test exposes the weaknesses in your firm’s revenue, expenses, and cash flow.In this video, Terrell A. Turner, CPA, breaks down how to run essential stress tests that keep your firm stable — no matter what challenges come your way.Learn how to:- Analyze your revenue streams for hidden risks- Run an expense stress test to spot inefficiencies- Understand your cash flow under pressure- Build a plan to safeguard your firm against financial crisesNext Video Sneak Peek: Stay tuned for strategies to cut costs without cutting your firm’s future growth.---Timestamps00:00 Introduction to Financial Stress Tests for Law Firms00:23 Personal Experience with Stress Tests01:35 Importance of Financial Stress Tests02:05 Revenue Stress Test03:19 Expense Stress Test05:09 Cash Flow Stress Test07:44 Conclusion and Recommendations---Resources & Links- Free Law Firm Revenue Calculator → https://www.tlturnergroup.com/freerevenuecalculator- Book a Free Consultation → https://calendly.com/tlturnergroup/bookkeeping---About TLTurner GroupWe help law firms simplify their finances, boost profitability, and achieve lasting success. Co-founded by Terrell A. Turner, CPA, a 3x “40 Under 40” CPA and global finance influencer, TLTurner Group partners with law firms across the U.S. to bring clarity and strategy to their numbers.---#LawFirmSuccess #FinanceTips #LawFirmManagement #CPA

October 3, 202511 min

How Law Firms Can Improve Cash Flow with Effective Billing Systems

Great lawyers don’t always have great cash flow, and that’s okay. Poor cash flow isn’t a reflection of your legal skills; it’s usually a systems problem.In this episode, Terrell A. Turner, CPA, breaks down how law firms can stop leaving money on the table by building smarter billing processes. Using a real-life firm example, you’ll see how the right systems keep your practice running smoothly and free up resources to grow.What you’ll learn in this video:Why cash flow struggles happen even in respected firmsPractical steps to create timely, consistent billing processesHow automated reminders improve client collectionsWays to handle late payments without damaging relationshipsWhy leadership decisions matter for unpaid invoicesTools and systems to make billing easier and faster👉 Download your free Law Firm Revenue Calculator here: www.tlturnergroup.com/freerevenuecalculator👉 Book a strategy call with our team: https://calendly.com/tlturnergroup/bookkeeping👉 Subscribe for weekly law firm finance tips: https://www.youtube.com/@lawfirmsandfinance8002https://lawandfinance.buzzsprout.com/Timestamps00:00 Introduction to Common Law Firm Issues00:51 The Importance of Cash Flow Systems02:29 Steps to Ensure Timely Billing04:24 Automated Reminders and Follow-ups05:46 Handling Late Payments07:30 Leadership Decisions on Unpaid Invoices08:49 Setting Up Effective Payment Systems10:34 Conclusion and Future Topics🌐 Connect with Law Firms and Finance powered by TLTurner Group :Website:https://www.tlturnergroup.com/LinkedIn: https://www.linkedin.com/showcase/law-firms-finance/Instagram: https://www.instagram.com/lawfirmfinance/#LawFirmFinance #CashFlow #TLTurnerGroup

September 26, 20255 min

How Law Firms Can Effectively Manage Holidays Like Labor Day

Holidays don’t have to mean chaos for your law firm.In this episode of the Law Firm and Finance Show, Terrell shares practical strategies for managing operations during holidays like Labor Day, so your team can rest without your firm falling behind.You’ll learn how to plan ahead, communicate clearly with clients, protect your cash flow, and use systems + processes to keep everything running smoothly.If you’ve ever felt like you or your staff can’t truly unplug during holidays, this episode will help you put better systems in place.Timestamps00:00 Introduction to Labor Day Challenges for Law Firms00:42 Importance of Effective Systems for Holidays01:43 Planning Ahead for Holidays and Vacations02:35 Financial Planning for Non-Working Days03:20 The Role of Processes in Generating Profit04:56 Conclusion and Call to ActionResources & Next StepsFree Revenue Calculator → https://www.tlturnergroup.com/revenue-calculatorMore episodes of the Law Firm & Finance Show → https://youtube.com/playlist?list=PL1b3exZNdhVEu7VWlSzhHW6rK99FOkfne&si=ni6d2zlHaWBEFTnkLearn more about TLTurner Group → https://www.tlturnergroup.comJoin the ConversationWhat’s the one system or process your firm needs to strengthen before the next holiday? Drop your answer in the comments, we’d love to hear.#LawFirmFinance #LawFirmManagement #LegalOperations #LaborDay #SmallLawFirm

September 22, 202512 min

Redefining Wealth in the Legal Profession | Part 3 of 7

Redefining Wealth in the Legal Profession | Part 3 of 7What does it really mean to be wealthy as a lawyer? 💼In part three of our seven-part series on lawyer and attorney well-being, Terrell and Dr. Bill Satterwhite dive into how traditional measures of wealth, like chasing bigger paychecks or comparing bank accounts—often leave legal professionals stressed, dissatisfied, and burned out.Instead, they explore how redefining wealth to include fulfillment, relationships, health, and meaningful experiences creates a richer, more sustainable life. You’ll hear real stories, practical strategies, and relatable insights designed to help attorneys move beyond the constant comparison trap.If you’ve ever wondered how to shift from just being “rich” to being truly “wealthy” in every area of your life, this conversation is for you.Timestamps00:00 Introduction: Redefining Wealth00:27 Series Overview and Finance Focus01:05 Personal Journey and Financial Realizations02:18 The Snickers Analogy: Understanding Relative Wealth04:16 Redefining Wealth: A Personal Story06:09 Comparison Culture in the Legal Profession09:35 The True Meaning of Wealth and Currency11:52 Conclusion and Upcoming EpisodesNext Steps📺 Watch Part 1: The Six Factors of Dis-ease → https://youtu.be/IjHIXuKqzuI📺 Watch Part 2: Mental Health and Legal Practice → https://youtu.be/xiJiXmrPba4💼 Learn more about TLTurner Group → www.tlturnergroup.comJoin the ConversationWhat’s your definition of true wealth as a lawyer? Drop your thoughts in the comments, we’d love to hear your perspective.#LawyerWellbeing #AttorneyLife #RedefiningWealth #LawFirmSuccess

September 19, 20257 min

Building Trust in Your Law Firm: Strategies for Success

Building Trust in Your Law Firm: Strategies for SuccessTrust isn’t just a “soft skill”—it’s the foundation of a profitable, sustainable law firm. In this episode of the Law Firm Financial Wellness, we explore how trust transforms team dynamics, boosts accountability, and drives growth.Discover why professional and collegiate teams with strong dynamics consistently outperform others—and how you can apply those same principles in your firm.---What You’ll Learn in This Episode:- The hidden impact of trust on law firm performance- Common trust issues that hold firms back- How to use KPIs and metrics to build clarity + accountability- A real case study of implementing KPIs with an office manager- Actionable strategies to create balance and profitability---Timestamps00:00 Introduction: Building Trust in Your Team00:31 The Importance of Trust in Law Firms00:52 Common Trust Issues in Law Firms01:50 Developing Trust with KPIs and Metrics02:46 Case Study: Implementing KPIs for an Office Manager05:28 Conclusion: Clear Objectives for Building Trust06:14 Outro: Subscribe for More Insights---Next Steps✅ Subscribe for weekly law firm finance + growth insights: https://www.youtube.com/@lawfirmsandfinance8002/videos✅ Comment below: What’s one way you’re building trust with your team right now?---Resources + Links📌 Work with TLTurner Group: https://www.tlturnergroup.com/📌 Connect with Terrell on LinkedIn: https://www.linkedin.com/in/terrellturner📌 Explore more episodes of the Law Firm Financial Wellness: https://youtube.com/playlist?list=PL1b3exZNdhVEu7VWlSzhHW6rK99FOkfne&si=-ivxdIrJtiFoAKgd---About the ShowThe Law Firm Financial Wellness Show is hosted by Terrell Turner, CPA—3x 40 Under 40 CPA, NY Times–recognized founder of TLTurner Group, and finance advisor to law firms nationwide.We help law firm leaders simplify their finances, strengthen their teams, and scale with confidence.---#LawFirmFinance #Leadership #LawFirmGrowth

September 12, 20259 min

Navigating Financial Ups and Downs: Essential Strategies for Law Firms

Navigating Financial Ups and Downs: Essential Strategies for Law FirmsEvery law firm faces financial highs and lows—but the firms that succeed are the ones that plan ahead and adapt with strategy. In this episode of the Law Firm and Finance Show, we share proven approaches to keep your firm moving forward, no matter the circumstances.📊 You’ll discover:- Why mental endurance is just as important as financial strategy- How to identify and cut costs without hurting your practice- Creative ways to generate extra revenue during slow periods- How referral sources can become your secret weapon for stability- Actionable steps to keep your firm resilient through financial ups and downsIf you want your firm to thrive through uncertainty, this episode is packed with practical strategies you can apply today.---Timestamps00:00 Introduction and Welcome00:53 The Importance of Mental Endurance01:53 Financial Strategies for Law Firms02:42 Cutting Costs and Managing Expenses04:21 Generating Extra Revenue05:48 Leveraging Referral Sources08:09 Conclusion and Final Thoughts---👉 Subscribe for weekly tips on law firm finance and growth: https://www.youtube.com/@lawfirmsandfinance8002▶️ Watch more episodes of the Law Firm and Finance Show here: https://youtube.com/playlist?list=PL1b3exZNdhVEu7VWlSzhHW6rK99FOkfne&si=IJn5R0IuIdMpOS3j---💬 Let’s talk:What’s one strategy your firm uses to handle financial slowdowns? Share in the comments—we’d love to hear from you!---🔗 Connect with usWebsite: https://www.tlturnergroup.com/LinkedIn: https://www.linkedin.com/showcase/law-firms-finance/Instagram: https://www.linkedin.com/showcase/law-firms-finance/---#LawFirmFinance #LawFirmGrowth #LawFirmStrategy #FinancialPlanning #LawyerLife---⚖️ Disclaimer: This content is for educational purposes only and does not constitute legal or financial advice.

September 8, 20259 min

Building a Law Firm Empire: Insights from Mike Morse

Building a Law Firm Empire: Insights from Mike MorseHow do you grow from a solo practice into one of the largest personal injury law firms in the country? In this episode of Law Firm Success Stories, we sit down with Mike Morse—founder of Michigan’s largest law firm and author of the acclaimed book Fireproof.🔥 You’ll learn:- The pivotal moment that led Mike from “fired to founder”- How business coaching transformed his growth trajectory- Why leadership alignment is critical to scaling successfully- The creation of Mike Morse University for consistent onboarding & training- How Fireproof coaching and mastermind programs are helping firms nationwideIf you’re serious about scaling your law firm without losing focus or culture, this conversation is packed with actionable lessons you can apply today.---Timestamps00:00 Introduction and Guest Welcome00:32 Michael's Journey: From Fired to Founder01:10 The Impact of Business Coaching03:37 Scaling the Firm: Leadership and Alignment05:27 Building Mike Morse University08:24 Fireproof Coaching and Mastermind Programs10:12 Conclusion and Contact Information---👉 Subscribe for more law firm success stories and financial insights: https://www.youtube.com/@lawfirmsandfinance8002▶️ Watch the full Law Firm Success Stories playlist here: https://youtube.com/playlist?list=PL1b3exZNdhVFRBBab1SZAV88FqFwed71e&si=mAXcekGp_OemWaDw📖 Grab a copy of Fireproof: https://www.855mikewins.com/fireproof/---💬 Let’s talk:What’s one leadership principle that’s helped your firm grow? Drop it in the comments—I’d love to hear!---🔗 Connect with usWebsite: https://www.tlturnergroup.com/LinkedIn: https://www.linkedin.com/showcase/law-firms-finance/Instagram: https://www.instagram.com/lawfirmfinance/---#LawFirmSuccess #MikeMorse #LawFirmGrowth #Fireproof #LawyerLeadership---⚖️ Disclaimer: This content is for educational purposes only and does not constitute legal or financial advice.