The Easiest Way to Improve the Profitability of a Small Legal Practice

Improve the Profitability of a Small Legal Practice

Improve the Profitability of a Small Legal Practice If you wanted to lift profit per principal at your legal practice by $100,000 p.a. what might you do? Let me digress for a minute. When I started doing profit improvement work a number of years ago, naturally I attended a lot of seminars to see what others had to say about […]

For great law firm profitability, be small or large

Law Firm Profits

Law Firm Profitability | Legal Practice Managment I recently presented at the ALPMA June seminar in Sydney on the subject of law firm profitability. Part of my legal practice management presentation reviewed the results of the recent ALPMA Crowe Horwath survey of law firm profitability. The results are interesting in that the best performers are smaller firms ( in their survey , […]

Legal Practice management – Survey of small law firm profit satisfaction

Law Firm Management, law firm profit

Legal practice management | Law Firm Profit | Small Law Firms Last month we ran a Linked In legal practice management survey asking the principals of small law firms ( in this survey a small law firm as a firm with 4 partners or less) what annual law firm profit they would be satisfied with, on a per principal basis. […]

Is Profitability a Legal Practice Management Issue at Your Firm? Video

Law Firm Management, law firm profit

Profitability and Legal Practice Management You really can lift profitability at your law firm by improving  your firms legal practice management. This video explains how small law firms are adopting some of the practice management strategies that have been used by accountants. These strategies have helped accountants in the past to be consistently more profitable than small law firms. When small […]

Does Your Law Firm Receptionist Pay YOU $50,000 p.a. to work for you?

Effectiveness of your Law Firm Receptionist A two partner suburban law firm that I am working with, has found that their law firm receptionist is effectively earning them an additional $50,000 per partner, or an extra $100,000, by making a few small changes to their law marketing. So my headline is actually true, while most firms probably view their  ‘law […]

Practical Time Management For Lawyers

Time Management for Lawyers and Practical Productivity Tools There are many time management tools that profess to allow you to get more out of your day. Many of the best time management tools I find are often overlooked. Let me demonstrate with three simple but powerful productivity tools. 1)  Using Two Computer Screens A country lawyer put me on to using […]

Secrets of a Successful Small Law Firm

Top Ten Secrets of a Successful Small Law Firm If you missed the live interview with Graeme Todd, the principal of GTodd Law, where he revealed the secrets that have allowed his practice to: –  Have no bad debts; –  Have all debtors in current; –  Be attracting heaps of new clients while spending nearly nothing on marketing; and – […]

Improve Your Law Firm Practice Management

Improve your Law Firm Practice Management If 2012 hasn’t produced a result for your practice that you are delighted with, what changes are you going to make in 2013 to ensure that you don’t simply repeat the previous calendar year? When it comes down to it, improving financial results in a legal practice is really about two things: Improving your […]

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Small Law Firm Blog

How to price legal services to attract high quality referrals? This is part five of a series on the top five concerns lawyers have about getting referrals. To recap, I have just concluded a survey of small law firms where I asked then what their biggest concerns were in regard to getting referrals from people within their professional network. From […]

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TO WHOM IT MAY CONCERN Practice consultant, Colin Ritchie, presented a talk to our Society’s members on 28th March, 2012 titled “Why accountants make money and lawyers do not- and what you can do about it”. This talk was particularly relevant for the principals of smaller legal practices who make up the majority of our members. I especially appreciated Colin […]

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