This video covers the five metrics every law firm owner should review every month to better understand the financial health and operational performance of their firm. Jyl Warwick and Karyn Campbell discuss why visibility into your accounts receivable, WIP, cash flow, collection rate, and new matters is critical for solo attorneys and small law firms trying to stay on top of billing, profitability, and long-term growth.

Topics include:
- AR aging and why collections drop significantly after 90 days
- How retainers and payment methods on file can improve collections
- Why WIP visibility matters for billing and forecasting
- The importance of timely invoice review and billing workflows
- Understanding cash flow and financial visibility within a law firm
- How collection rate impacts profitability
- Why tracking new matters helps measure the future health of a firm

This discussion is designed for solo attorneys, legal teams, and small law firms that want a better understanding of law firm financial metrics, legal billing workflows, accounts receivable management, and operational efficiency.

Juriscend helps law firms with legal billing, bookkeeping, accounts receivable management, financial reporting, trust reconciliation, workflow support, and operational processes for solo and small law firms.