Midyear Financial Checkup: Get in the Mindset

So it’s August, and you are sitting down to reconcile your bank accounts for July’s activity. This is an exercise you do every month (or should be doing). As long as there’s money in the checking account, life is good, right? Maybe. But it begs the question: Is your law practice profitable — and can it do better? Understanding which key metrics you should be tracking and measuring is critical to remaining profitable as a solo and small firm attorney. This time of the year, with half the year's numbers in the books, is a good time to evaluate the numbers on your "financial dashboard" before plowing through the rest of the year. ... READ THE REST

Originally published August 12, 2014 0 1