The Biggest Concerns for Small Law Firms in 2016 and What to Do About Them

Biggest concerns for small law firms in 2016

In Macquarie Bank’s 2015 Legal Benchmarking survey, by far the two biggest concerns for small law firms at firm level, were: Maintaining and growing profitability Attracting enough new target clients Naturally these two concerns go hand in hand. If you don’t attract enough clients, you are likely to struggle to grow or even maintain profitability. Some practices such as commercial […]

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 […]

What level of profit is your law firm planning on earning for the 2014/15 financial year?

Law firm profits for the 2014/15 financial year

Law firm profits for the 2014/15 financial year – What are you planning on earning? In Australia we have just commenced a new financial year. Accordingly it is a great time to take stock of how you did last year and decide if that matched your expectations. It is also the time to set your goals for next year (if […]

Factors having the greatest influence on small law firm profits in 2014

Small law firm profits in 2014

What factors will have the greatest influence on small law firm profits in 2014? Macquarie Bank who is a major lender to small and medium sized law firms publishes an annual survey of small law firms that reveals some very interesting information that you can use to the benefit of your practice. One of the results of the survey that […]

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 , […]

Join the Valuable
Small Law Firm Club
FREE VIDEO
The Quickest and Easiest Way
to Get More Quality Clients
to Your Law Firm

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 […]

Read More

Testimonials

25 May 2012 Whom it may concern Dear Sir/Madam, RE: COLIN RITCHIE Colin Ritchie spoke at the Meribula CLE Day of the South Coast and Monaro Law Society on 11th February 2012 on the topic of “Why accountants make money and Lawyers Don’t… and What You Can Do About it”. Colin presented firstly about horror stories from the legal profession […]

Read More