It's Your Money

Strategic Finance for Law Firms

 

What would you do with your money if you got it back?


It’s your money! You earned it and paid taxes on it…so you can do whatever you want with it. Here are a few ideas…

 

Investments

 

    • The value of the cash you have tied up in case expenses is actually shrinking due to inflation. Plus there is a very real opportunity cost of not investing that cash in an earning asset.
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    • As an example, the chart below shows the difference over time between leaving your cash in your cases at 0% return versus investing that cash in a tax-deferred investment account that earns 5%.