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Cashflow & Profitability

What Law School Didn’t Teach You About Running a Successful Law Firm

Mark Powers and Shawn McNalis
Cashflow & Profitability
Cashflow & Profitability

Cashflow & Profitability

What Law School Didn’t Teach You About Running a Successful Law Firm

Mark Powers and Shawn McNalis
$79.95

Paperback

Many attorneys are confident in their legal skills but are left with little guidance for running a small or solo practice. Cashflow & Profitability guides lawyers through successful strategies that will strengthen their firms and increase profits in a healthy, sustainable way—thereby increasing their ability to serve their clients to the best of their ability.

This book offers a comprehensive set of easy-to-follow protocols, customizable templates, and useful rules for building a firm that's financially well-organized and profitable.

You will learn rules that will help you successfully:

  • Set sustainable rates
  • Select the right clients
  • Boost your team's capacity to capture and optimize their productivity
  • Divide the labor across your firm, delegate, and leverage technology to help your team best serve your clients in a more efficient manner
  • Know the key ratios, costs, and expenses you should have, and learn to minimize unnecessary expenditures
  • Understand why the faster you bill, the higher your profit margin
  • Authors

    Mark Powers

    (no title or photo available)

    Shawn McNalis

    (no title or photo available)

  • Details

    Paperback: 194 pages; 1st edition (2020); ISBN: 9780578756387
    Publisher: Atticus®, Inc.
  • Table of Contents

    1. About the Authors
    2. Acknowledgments
    3. Introduction

    4. Chapter 1: Building Your Firm's Financial Foundation
    5. Chapter 2: Rates and Realization
    6. Chapter 3: Utilization
    7. Chapter 4: Leverage
    8. Chapter 5: Expenses
    9. Chapter 6: Speed

    10. Final Words
    11. Appendix #1: Bonus Chapter
    12. Appendix #2: Bonus Chapter

Many attorneys are confident in their legal skills but are left with little guidance for running a small or solo practice. Cashflow & Profitability guides lawyers through successful strategies that will strengthen their firms and increase profits in a healthy, sustainable way—thereby increasing their ability to serve their clients to the best of their ability.

This book offers a comprehensive set of easy-to-follow protocols, customizable templates, and useful rules for building a firm that's financially well-organized and profitable.

You will learn rules that will help you successfully:

  • Set sustainable rates
  • Select the right clients
  • Boost your team's capacity to capture and optimize their productivity
  • Divide the labor across your firm, delegate, and leverage technology to help your team best serve your clients in a more efficient manner
  • Know the key ratios, costs, and expenses you should have, and learn to minimize unnecessary expenditures
  • Understand why the faster you bill, the higher your profit margin

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