Show Me the Money: Demystifying Profitability for Law Firms

Profit is not a dirty word; it's the key to a successful and sustainable law firm. Profit influences decisions about distributions, hiring, pricing, planning, and marketing. But despite the significance of profitability, the skills required for it are not typically taught in law schools. For many legal professionals, a lack of business education can diminish the joy of running a firm and make consistent success elusive. In this session, Robert J. Leitner will share how law firms can apply core business principles to achieve sustainable profitability and ensure greater satisfaction. In particular, he will cover:
* What profit means in a law firm context
* How to measure and analyze profit
* Revenue vs. profit across stages of law firm growth
* Profit per P&L vs. profit per legal service
* Key drivers of profit from ROI to collections
* How profit informs budgeting and forecasting

Everyone who’s registered for this webinar will receive an email with a link to the recording.