Many attorneys are confident in their legal skills but are left with little guidance for running a small or solo practice. Cashflow & Profitability guides lawyers through successful strategies that will strengthen their firms and increase profits in a healthy, sustainable way—thereby increasing their ability to serve their clients to the best of their ability.
This book offers a comprehensive set of easy-to-follow protocols, customizable templates, and useful rules for building a firm that's financially well-organized and profitable.
You will learn rules that will help you successfully:
- Set sustainable rates
- Select the right clients
- Boost your team's capacity to capture and optimize their productivity
- Divide the labor across your firm, delegate, and leverage technology to help your team best serve your clients in a more efficient manner
- Know the key ratios, costs, and expenses you should have, and learn to minimize unnecessary expenditures
- Understand why the faster you bill, the higher your profit margin
Paperback: 194 pages; 1st edition (2020); ISBN: 9780578756387
Publisher: Atticus®, Inc.
- About the Authors
- Acknowledgments
- Introduction
- Chapter 1: Building Your Firm's Financial Foundation
- Chapter 2: Rates and Realization
- Chapter 3: Utilization
- Chapter 4: Leverage
- Chapter 5: Expenses
- Chapter 6: Speed
- Final Words
- Appendix #1: Bonus Chapter
- Appendix #2: Bonus Chapter