Would knowing other firms' profitability do anything to help your firm become more profitable? Would it change your desire to understand where you currently are and improve upon that figure in a way that is realistic, achievable, and sustainable? Or would it have you chasing shadows and acting on emotion instead of logic? #AgileAttorney #LegalOps https://www.agileattorney.com/what-should-my-law-firm-overhead-costs-be/ https://www.agileattorney.com/what-should-my-law-firm-overhead-costs-be/
It is possible to solve for your feeling of overburden just by changing your sales and marketing behavior: Take a smaller number of better cases. Whether or not this is your only strategy, it probably should be a component of what you do. #AgileAttorney #LegalOps
https://www.agileattorney.com/small-firms-when-to-hire-new-staff/
Instead of chasing the #bestlife version of what other lawyers say they're making, part of growing in your business maturity is understanding that there is very little that other lawyers are doing that can have a 1:1 translation to your business. #AgileAttorney #LegalOps https://www.agileattorney.com/what-should-my-law-firm-overhead-costs-be/ https://www.agileattorney.com/what-should-my-law-firm-overhead-costs-be/
#bestlife #agileattorney #legalops
Running a law practice isn't like being in law school. You aren't getting graded and your rank against other lawyers or firms doesn't matter. #AgileAttorney #LegalOps https://www.agileattorney.com/what-should-my-law-firm-overhead-costs-be/
Your feeling of overburden is tied to the open cases in your system. Those are the balls in the air that your firm is juggling. If that number goes up (without adding resources), then your overburden will grow. If it goes down, you will feel relief. #AgileAttorney #LegalOps
https://www.agileattorney.com/small-firms-when-to-hire-new-staff/
For some reason lawyers often don’t think of profitability the same way other business owners do. In most businesses, there are two profitability calculations: gross profit and net profit... #AgileAttorney #LegalOps
https://www.agileattorney.com/small-firms-when-to-hire-new-staff/
When to hire…? You hire staff when you know, from looking at your numbers, that it will be profitable to do so, and that you have exhausted less expensive options for improving your firm’s profitability. #AgileAttorney #LegalOps
https://www.agileattorney.com/small-firms-when-to-hire-new-staff/