Cashflow & Profitability: What Law School Didn’t Teach You About Running a Successful Law Firm

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