AI has been the hot button topic of the year!

Steve and Lynda share their thoughts on what we can expect from AI when it comes to Accounting Software.

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01:16 Challenges with Client Trust Accounts
02:24 The Impact of AI on Accounting and Legal Industries
05:21 The Evolution of Accounting Practices
07:52 Self-Driving Cars and Legal Implications
11:13 AI in Legal Brief Writing and Future Prospects
15:37 AI's Role in Creative Fields and Ownership Issues
16:22 AI's Visual Capabilities
16:48 AI in Accounting Software
17:36 AI in Legal Practice
18:32 AI's Impact on Jobs
19:36 AI Enhancements in QuickBooks
21:20 AI in Everyday Life
23:08 The Future of AI in Various Fields
27:06 AI Tools and Their Applications

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Modernize Your Law Firm - By Lynda Artesani

Be sure to subscribe for more episodes!
Find us on YouTube as well!

If you have questions, topic requests, or guest suggestions you can email us at info@accountantslawpod.com or send us a message through our website, www.accountantslawpod.com

If you want to join us in the Accountants Law Lab, visit our website at www.accountantslawlab.com to sign up!

If you want to follow along with Steve’s airstream adventures, as well as Accountants Law Pod updates, be sure to follow us on instagram at Accountants Law Pod.

Accountants Law Pod is hosted by Lynda Artesani, Sarah Prevost, and Steve Libhart and directed/produced by Teaira Burge and The Proper Trust. Music by ComaStudio from Pixabay - Edited by audiovideo_uk

Disclaimer: The content presented in this podcast is for informational purposes only and should not be considered as legal, financial, or professional advice.

We are excited to welcome John Scott and Kip Bilderback to the podcast to walk you through everything you need to know to help your law firm clients grow!

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00:26 Meet the Special Guests: John Scott and Kip Bilderback
01:34 John Scott's Journey and Expertise
03:10 Kip Bilderback's Background and Insights
05:55 Impact of the 2008 Housing Crash and COVID-19
09:45 Financial Preparedness and Line of Credit
13:24 Challenges in Law Firm Financial Management
18:30 The Role of Coaches and Consultants
27:14 Strategic Growth and Transparency in Law Firms
32:32 Embracing AI in Accounting
33:19 The Value of Continuing Education
34:27 Subscription-Based Billing in Law Firms
35:02 Challenges of Time Tracking
35:55 The Role of Rainmakers and Managers
37:36 Managing Law Firm Growth
38:35 Best Practices for Law Firm Operations
39:59 Navigating Partner Dynamics
41:16 The Importance of Financial Transparency
49:17 Leveraging Interns and AI
52:46 Remote Work and Firm Culture

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John Scott, Partner at Anders CPAs + Advisors, has over thirty years of experience in financial consulting, specializing in law firms. He expertly manages profits through effective cash flow and KPI strategies and reduces taxes with his deep knowledge of tax codes. Leading the Virtual CFO services’ legal division, John provides strategic guidance to mid- sized law firms. His advice covers staff utilization, cash flow planning, hiring, career development, trust accounting, and partner distributions. John uses an advanced tech stack for data-driven decision-making and is writing a book on success strategies for law firms.

Kip Bilderback, with nearly 30 years in the legal field, is an experienced lawyer and business owner proficient in various aspects of law and management, including operations and strategic planning. Starting as a law clerk at Millsap & Singer, he evolved the firm from ten employees to 122, transitioning from analog to a fully integrated network. His leadership steered the firm through the mortgage and COVID crises. Beyond managing his firm, Kip has significantly impacted the legal community, holding roles from committee member to president at the USFN, driving industry standards and leading key financial and governance initiatives.

Judicial Dollars and Cents: A Virtual CFO’s Playbook to Help Law Firms Create a Financial Roadmap to Success by John Scott

Modernize Your Law Firm: Transform Your Law Firm for the Future by Lynda Artesani

Be sure to subscribe for more episodes!
Find us on YouTube as well!

If you have questions, topic requests, or guest suggestions you can email us at info@accountantslawpod.com or send us a message through our website, www.accountantslawpod.com

If you want to join us in the Accountants Law Lab, visit our website at www.accountantslawlab.com to sign up!

If you want to follow along with Steve’s airstream adventures, as well as Accountants Law Pod updates, be sure to follow us on instagram at Accountants Law Pod.

Accountants Law Pod is hosted by Lynda Artesani, Sarah Prevost, and Steve Libhart and directed/produced by Teaira Burge and The Proper Trust. Music by ComaStudio from Pixabay - Edited by audiovideo_uk

Disclaimer: The content presented in this podcast is for informational purposes only and should not be considered as legal, financial, or professional advice.

What financial challenges might you be likely to run into across the various legal fields, and how do you navigate them?
We discuss it all in this week's podcast!

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02:28 Mastering Financial Challenges in Legal Specialties
03:21 Understanding Business Mix and Billing Practices
06:09 Technology Adaptation in Law Firms
07:03 Client Acquisition vs. Cash Flow Challenges
09:48 Financial Management and Reporting
15:45 Understanding Collection Ratios
16:07 Setting Up a Strong Foundation
16:54 Budgeting and Forecasting for the Future
17:56 Evaluating Labor Costs
18:52 Challenges in Family Law Practices
21:22 Importance of Technology in Law Firms
25:40 The Role of Financial Coaches
28:54 Engaging with Your Financial Team

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Be sure to subscribe for more episodes!
Find us on YouTube as well!

If you have questions, topic requests, or guest suggestions you can email us at info@accountantslawpod.com or send us a message through our website, www.accountantslawpod.com

If you want to join us in the Accountants Law Lab, visit our website at www.accountantslawlab.com to sign up!

If you want to follow along with Steve’s airstream adventures, as well as Accountants Law Pod updates, be sure to follow us on instagram at Accountants Law Pod.

Accountants Law Pod is hosted by Lynda Artesani, Sarah Prevost, and Steve Libhart and directed/produced by Teaira Burge and The Proper Trust. Music by ComaStudio from Pixabay - Edited by audiovideo_uk

Disclaimer: The content presented in this podcast is for informational purposes only and should not be considered as legal, financial, or professional advice.