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Maximising the Profitability of Law Firms
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The recent recession and increasing levels of competition, both between forms and professionals has left many firms struggling to make profits. This book sets out a simple model for understanding and then maximizing the profitability of law firms. It addresses issues such as correct staff structures, realistic targets for chargeable time, increasing fee income levels and the improvement of cash flow. Having rationalized performance, the book then provides practical guidance to partners and fee earners on how to get the best out of the staff who create the profits. It is aimed at all partners, aspiring partners and anyone entering the legal profession who realizes the importance of developing business as well as legal skills.
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