In the Illinois Bar Journal’s May cover story, “Creating and Managing Your Firm’s Budget,” Jeffrey Krause, attorney and senior consultant with Affinity Consulting Group, says “too many firms—too many households for that matter—they create a budget as this thing that they want to do, and then never follow through on it. They don’t actually make it a working document that they have to use in their business. You have to refer to it all the time—and stick to it. If you’re not looking at it to see whether you’re on track, you’re probably off track. It sounds so common sense, but if you don’t look at it until next year, that doesn’t accomplish anything.”

Krause, who has led ISBA CLE programs on budgeting, including “How to Create and Manage Your Firm’s Budget,” talked to the IBJ about the building blocks and budgeting practices of sound financial management. 

Read the May cover story, "Creating and Managing Your Firm’s Budget," in the IBJ.