Managing Firm Finances

Administrators need to focus on the firm's bottom line and make sure that invoices are paid and that bills go out to the clients in a timely and complete manner. Administrators work with attorneys to make sure that clients pay their invoices on time so that payroll and other expenses can be met month after month. Administrators manage the client cost advances, various client case-related accounts and balance the budgets.

Reporting

One of the key functions of an Administrator is to make sure accurate reports exist to share with the partnership. Understanding inflows and outflows of cash can indicate where the firm should focus its direction and energy. It also can indicate what attorneys are achieving the most success in business development and work product.

401k, Healthcare, Cafeteria and other plans.

Benefits packages can be daunting if you don't have any experience dealing with them. Financial compensation is bolstered by 401k and profit sharing plans. Administrators often take the reigns on leading the charge for employees to take advantage of these exceptional opportunities to retire in style. Administrators sift through the red tape and paperwork to make joining these and other plans simple to work with. Health care is another plan that administrators will often manage. Administrators must keep up with changes in government health care options as well as the yearly changes in health care coverage.