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If you are a partner or owner of a legal firm, and you:
- Don’t take regular profit distributions
- Run the business from your bank account
- Have no idea how the business is performing
- Don’t know what the capacity of the firm is and if you do, if you are under or overachieving
- Don’t receive regular management reports
- Are making less than a 25% return to owners from fees
- Always struggle to find money at BAS or tax time
- Don’t have strategic goal or undertake even a basic strategic planning process
Then please read on..
This document is going to give you a different way of looking at how to financially manage your legal firm.