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.