As the new year gets going, make sure your tracking the right numbers and keeping an eye on your law firm’s health.
A study conducted by the Georgetown College of Law estimated that law firms collect only 71 percent of the work they perform…71 percent!
No lawyer or law firm should be missing out on over a quarter of their billable work.
A good way to make sure you don’t fall into the “missing out” category is to track and report on certain key performance indicators (KPI’s) for your firm. Some of these factors will vary from firm to firm, but there are numbers that are important for every law firm.
The legal practice management and time/billing software experts at Rocket Matter put together this incredible infographic that lists and explains the top nine indicators that your firm needs to be tracking. Following their advice in this infographic will help to ensure the health and longevity of your law firm remains a priority.
Take a look for yourself and make sure 2018 is your firm’s best year yet!