How To Improve Your Law Firm’s Profit Margins - A Guide For COFAs

Introduction

Anyone involved with the running of a law firm will find their life is easier if all parts of the firm have healthy profit margins. Better margins are realised when everyone in the firm improves what they are doing and exhibits the right behaviours.

This webinar will provide COFAs with invaluable guidance on the improvements that can make a big difference to your firm’s profit margins.

What You Will Learn

The webinar will cover the following:

• What does poor, average, and good performance look like?
• The importance of fee earner productivity to margin management
• Understanding departmental, client and matter profitability
• Easy margin improvements:
• Fuller and better time records
• Professional firm pricing and fee negotiation
• Marginal efficiency gains on every file

This webinar was recorded on 13th January 2022