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Tech Tip #233: Track Usage of Resources & Revenue to Determine Firm Growth Strategy

To truly determine profit and develop a growth strategy, law firms should evaluate their use of resources and find out which practice areas, attorneys and activities are bringing in the most revenue. If resource use is high, the firm should look at improving workflows while high revenue intake could signal a key area for expansion. Tracking these metrics is critical to a firm’s success. Learn more tips to increase growth and efficiency. 

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CosmoLex is cloud-based law practice management software that integrates trust & business accounting, time tracking, billing, email & document management, and tasks & calendaring, in a single application.
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CosmoLex is part of ProfitSolv, a collection of best-in-class software solutions for professional services firms, allowing the freedom for growth and innovation. Using a product-centric and customer-first approach, ProfitSolv collaborates with firms to offer better client services.

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