Month: January 2015

Is 2015 going to be a profitable year? Key Metrics to Track

Key Metrics to Review for Profitability Now let’s look at different key metrics you may want to review and have in place for 2015. Understanding which key metrics you should be tracking and measuring is critical to remaining profitable as a solo and small firm attorney. Using the below chart as a reference, here are …

Is 2015 going to be a profitable year? Key Metrics to Track Read More »

Is 2015 going to be a profitable year? Part One

Law firms are profitable businesses Let’s set the stage with a very positive image: Law firm business models are very profitable models. According to a Fortune magazine article, in 2014, law firms ranked second as a profitable business model with an average profit margin on 17.8%. So, yes, you can make money running a solo law firm! …

Is 2015 going to be a profitable year? Part One Read More »