Kimberly DeCarrera, Fractional General Counsel and Fractional CFO

Protect Your IOLTA Trust Account When Your Bank Fails

On Friday, January 30, 2026, the first bank failure of the year occurred when Metropolitan Capital Bank & Trust of Chicago failed. While Metropolitan Bank was a relatively small bank, it was an IOLTA approved institution for Illinois and perhaps

The Keys to Running a Successful Personal Injury Law Firm, Financial Edition

I work with a lot of law firms as their Fractional CFO. And personal injury law firms are a different beast than other law firms. There's really no two ways about it. Fortunately, there are many successful personal injury law

Build Your Business Board of Advisors

You may know about the Board of Directors, but do you know about the Board of Advisors? These are handpicked business professionals that help you make strategic and operational decisions to improve your business. Entrepreneurship is Lonely, Don't Go It

New Texas Law Limits Text Message Marketing

A new Texas law limiting text message marketing went into effect yesterday, September 1, 2025. This law applies to not only Texas companies, but also any company sending marketing messages into the state. What's Changing Under Texas Law? Texas Senate

PAID Program Returns to Help Companies Resolve Minimum Wage, Overtime, FMLA Violations

In July, the U.S. Department of Labor announced that it was bringing back the Payroll Audit Independent Determination (PAID) Program to help companies resolve violations of the Fair Labor Standards Act, notably the minimum wage and overtime rules, as well

Guide to Working with a Business Lawyer for the First Time

As a new business owner, you know you need legal help. From your corporate entity to contracts to employment matters, there are a lot of things going on. But we want to help take some of the stress out of

Stop Overspending in Your Law Firm

Are you looking at your law firm's financials and asking yourself, "Where does all the money go?" It's a common question. As I work with law firm owners trying to maximize their profit and even my own firm, one of

Stop This Common Payroll Scam with Better Processes

I just got an email from an employee... or who was pretending to be the employee. They wanted me to change the bank account prior to the next payroll cycle. But this is payroll scam, where the scammer is trying

Revolve Hit with $50 Million Lawsuit over Influencer Marketing

Do you know why websites have those fun disclaimers at the top saying that the businesses may receive commissions for products they sell? Or how so many social media posts have #ad or #sponsored on them? Or maybe #paidpartnership? They

Preparing Your Law Firm for a Recession

A lot of economic experts have started talking about the "R" word -- recession -- lately. It's scary out there, but that doesn't mean that your law firm can't be prepared to take on this economic cycle in stride and