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#557: KPIs for Lawyers: Measuring Your Law Firm's Financial Health with Bernadette Harris

Legal Talk Network - Law News and Legal Topics

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Unlocking Law Firm KPIs

This chapter explores the significance of key performance indicators (KPIs) in law firms, highlighting essential metrics such as net profit margin, expense ratio, and utilization rates. The speakers emphasize the necessity of thorough financial assessments and the inclusion of personal compensation in expense calculations to provide a clearer view of a firm's health. Furthermore, they discuss the implications of these metrics on billing practices and operational efficiency, advocating for objective evaluations and innovative billing methods.

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