Hidden Profit-Killers for Law Firms: working capital and write-offs
Mackrell Events
Hidden Profit-Killers for Law Firms: working capital and write-offs
23rd May 2024, 3pm BST
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