Law firms are facing more challenges than ever. Increased competition, industry pressures, falling realization rates, and a more demanding client base combine to make managing and growing a firm more challenging than ever. How can firms adapt amid unprecedented change in the legal profession in order to increase revenue?
Compiled by Rocket Matter, this guide to assessing, predicting, and maximizing revenue, discusses how to get a handle on your top-line revenue figures, how to identify hard-to-spot gaps in revenue that impact your bottom line everyday, how to use data to make informed decisions, hidden ways to increase your firm’s revenue, and what to do when you’re facing slow or no-pay situations.
Firms that manage their clients and finances better through the entire lifecycle are likely to be more successful in today’s business climate.