The Vital Signs of Firm Profitability
The ultimate objective of law firm management is to create profit for owners. It is the role of a managing partner, management committee, and CFO to understand the elements that impact profitability, identify and improve weaknesses that soften profitability, and capitalize on opportunities to enhance profitability. As firms grow bigger and more complex, data become more valuable. But gathering data means nothing without useful reporting and disciplined review.
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Marc Feigelson, CPA, is the Chief Executive Officer at Kaufman Rossin, one of the Top 50 CPA and advisory firms in the U.S.
Steven Davis, CPA, Servicios empresariales Director Emérito en Kaufman Rossin, una de las 50 principales firmas de contabilidad y asesoría de EE. UU.
