Offices Worldwide
Legal Experts in Accounting
Up to 50% Write Off Reduction
Increased Profitability and Cash Flow
The median law firm revenue cycle is 116 days, meaning firms wait nearly four months for payments. That’s a huge strain on cash flow and financial stability. (Law360)
FMS accelerates collections with 95% of A/R collected, helping firms reduce payment delays and stabilize cash flow. With a 5-day improvement in revenue recovery speed, law firms get paid faster and minimize cash flow disruptions.
Over the past decade, law firms’ realization rates have dropped from 92.7% to 83%, resulting in a 10% revenue loss—a major hit for firms of all sizes. (Aderant)
Frontline’s Revenue Cycle Management (RCM) solutions improve realization rates by boosting collection efficiency and increasing eBill acceptance to 96% on the first submission. Fewer rejections mean faster payments and recovered revenue that firms would otherwise lose.
Law firms write off nearly 18% of their revenue due to billing inefficiencies, unpaid invoices, and collection challenges. (ALA Net)
FMS cuts write-offs by 50%, dramatically reducing lost revenue and improving overall financial performance. With optimized billing and streamlined collections, law firms can retain more of their hard-earned revenue instead of writing it off.
A staggering 81% of mid-to-large law firms report difficulties collecting payments, leading to cash flow challenges and revenue uncertainty. (Law.com)
With 175+ dedicated staff resources specializing in legal A/R, Frontline helps firms streamline collections, resolve disputes, and reduce outstanding receivables. This ensures law firms recover more revenue with fewer collection headaches.
Select your firm size to see how much inefficient revenue realization may be costing you.
| Total Revenue | Potential Loss from Realization Rate Drop (10%) | Potential Loss from Write-Offs (18%) | Potential Loss from Collection Inefficiencies ($5,000 per Employee) | Total Potential Revenue Loss |
|---|---|---|---|---|
| $12,500,000 | $1,250,000 | $2,250,000 | $250,000 | $3,750,000 |
* All values are estimated. Based on the the average revenue generated per employee to be $250,000
| Total Revenue | $12,500,000 |
| Potential Loss from Realization Rate Drop (10%) | $1,250,000 |
| Potential Loss from Write-Offs (18%) | $2,250,000 |
| Potential Loss from Collection Inefficiencies ($5,000 per Employee) | $250,000 |
| Total Potential Revenue Loss | $3,750,000 |
* All values are estimated based on industry averages.
| Total Revenue | Potential Loss from Realization Rate Drop (10%) | Potential Loss from Write-Offs (18%) | Potential Loss from Collection Inefficiencies ($5,000 per Employee) | Total Potential Revenue Loss |
|---|---|---|---|---|
| $37,500,000 | $3,750,000 | $6,750,000 | $750,000 | $11,250,000 |
* All values are estimated. Based on the the average revenue generated per employee to be $250,000
| Total Revenue | $37,500,000 |
| Potential Loss from Realization Rate Drop (10%) | $3,750,000 |
| Potential Loss from Write-Offs (18%) | $6,750,000 |
| Potential Loss from Collection Inefficiencies ($5,000 per Employee) | $750,000 |
| Total Potential Revenue Loss | $11,250,000 |
* All values are estimated based on industry averages.
| Total Revenue | Potential Loss from Realization Rate Drop (10%) | Potential Loss from Write-Offs (18%) | Potential Loss from Collection Inefficiencies ($5,000 per Employee) | Total Potential Revenue Loss |
|---|---|---|---|---|
| $125,000,000 | $12,500,000 | $22,500,000 | $2,500,000 | $37,500,000 |
* All values are estimated. Based on the the average revenue generated per employee to be $250,000
| Total Revenue | $125,000,000 |
| Potential Loss from Realization Rate Drop (10%) | $12,500,000 |
| Potential Loss from Write-Offs (18%) | $22,500,000 |
| Potential Loss from Collection Inefficiencies ($5,000 per Employee) | $2,500,000 |
| Total Potential Revenue Loss | $37,500,000 |
* All values are estimated based on industry averages.
Conduct due diligence necessary to determine if there is a conflict of interest for the firm or client utilizing firm’s practice management software.
Utilizing experienced attorneys to manage intake process for new and existing client matters including new matters in billing system.
Deliver an acceleration of the cash cycle through process-driven steps that improve efficiency and accuracy.
Improve accuracy, compliant with client guidelines, to increase velocity and enhance submission approval and payment.
A leader in A/R Management solutions, we improve payment realization with our process-driven expertise, client relationships, and innovative technologies.
Provide trained accounting specialists to apply incoming payments and reconcile accounts to finalize revenue quickly and accurately.
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