Law Firm Profitability
What part of “for profit” do you not understand?
Law firms simply exist in a feast or famine mode with the majority having little or no financial controls, leverage of assets, plans for delivery of revenue, or a budget that controls spending.
Catalyst helps law firms define their TRUE financial picture and make recommendations on how to bring the financial monster under control.
We look at the revenue of the firm and offer input on how to improve revenue, control costs, and create statistical information that allows the owner at all times to know the status of the firm.
It is possible to be a profitable, well-financed firm, that provides for regular paychecks and keeps the bills paid. It simply requires an honest look of where you are and a plan to start moving forward with responsible actions.