How to Enhance Law Firm Profitability
Trimming expenses is not enough to sustain profitability and growth in law firms. But measuring and monitoring the performance of partners and associates may be the key, according to a white paper published by CliftonLarsonAllen.
Enhancing Profitability in Law Firms: Tools for Measuring and Monitoring Performance provides insights that take practice leaders beyond cost cutting and into the realm of leveraging collective and individual productivity.
“How effectively you utilize the human capital in your practice will ultimately determine profitability,” says Hod Dahl, a CPA and principal serving clients in the legal services industry. “When properly executed, the strategies in this white paper can enhance the sustainability of the firm and the long-term wealth potential of its owners.”
Download the white paper to learn about:
- Measuring individual and collective productivity
- Setting expectations around billing frequency and realization
- Improving cash flow with effective collection efforts
- How we can help