Print
Written by Norman Clark
Published: 06 January 2014
Hits: 4806
iStock image licensed by Walker Clark LLC, reproduction prohibited

Six factors have the greatest overall impact in the profitability and long-term financial performance of small and midsize law firms worldwide.

The relative impact of each of these "drivers" varies from firm to firm; however, the solution to a law firm's profitability problems -- whether short term or chronic -- is almost always found in one or more of these six factors.

 

 

 

 

 

fee levels

productivity

realization

cost management

staff compensation

leverage

The Six Drivers of Law Firm Profitabiity, first published by Walker Clark in 2007, has become on of our firm's most frequently requested and downloaded publications.  This monograph investigates the challenges that each of these key profitability factors present to small and midsize law firms. It also suggests a set of highly-effective strategies that law firms worldwide are using to manage each of these factors to improve financial performance and to produce sustainable, long-term business growth.

Click here to download a PDF version of The Six Drivers of Law Firm Profitability.

Click here to learn more about the Walker Clark Profitabiity Self-Diagnostic.

Norman Clark