Bernadette Harris

In this engaging discussion, guest Bernadette Harris, a finance coach at Lawyerist Lab, helps law firms decode their financial health. She dives into key performance indicators (KPIs), explaining their crucial role in maximizing profitability. Learn about net profit margins, utilization rates, and realization rates, and how they can enhance productivity. Bernadette also covers the significance of accounts receivable aging and making data-driven decisions to pinpoint profitable services, ensuring lawyers can make informed choices for their firm's future.

In this conversation, Bernadette Harris, a business strategist and finance coach specializing in law firms, delves into transforming practices from survival mode to strategic growth. She highlights crucial KPIs that signal when a firm's team can generate revenue independently. Bernadette explains the importance of building systems and measuring team leverage, emphasizing the significance of succession planning. Her insights into creating a sellable firm focus on systematic operations and transferring client origination responsibilities to enhance continuity and value.

Join Bernadette Harris, a finance coach at Lawyerist Lab, as she shares insights into law firm financial health. Discover how to interpret key performance indicators (KPIs) like net profit margins and utilization rates. Bernadette emphasizes the importance of effective invoicing to improve cash flow and productivity. Learn how understanding revenue by practice area can strategically guide your firm’s future. Get ready for actionable tips that will help you transform your practice into a financially thriving enterprise!