Hidden Profit-Killers for Law Firms: working capital and write-offs

There are two easy ways for law firms to lose profits without doing anything. Each of these profit killers go unnoticed in many law firms; yet they can be mitigated — sometimes even eliminated — through a combination of awareness and practical actions. We will explore the impact of two phenomena that can have profound negative effect on the realization rates of a law firm, practice group, or even an individual lawyer: inadequate management of working capital; and the lack of a proactive response to the risks of fee write-offs. We will also suggest and share with each other practical steps that any law firm can take to improve in both areas.

Register now for the meeting:

https://us02web.zoom.us/meeting/register/tZMpde-srzMuHtUwMQzN4ide0-JG2_K5ZBWf 

 For further information please contact Mackrell HQ mackrell.hq@mackrell.net