In this fun interview with Ryan Kimler I learned a ton about how to benchmark our law firm profit.
This is the kind of information that all B2C law firm leaders need to pay attention to. I haven't at times, and it has cost me.
We focused our talk on law firms serving people (B2C) and discussed:
- The most Important Financial Metrics
- Healthy Gross Margins and Net Margins to aim for
- Where law firms often have the most waste
- Calculating the owner's full benefit, vs. just net profit
- Where the low hanging profit fruit is to grab first
- and more . . .
This interview definitely shaped my approach to aspects of our financials. It will help you too.
Enjoy!
For more insights from Ryan Kimler, be sure to check out his platforms:
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