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Podcast: Lawyer Business Advantage
Episode: Law Firm Profits with Bo Yancey
Description:
In this episode, Alay and Bo discuss:
What profit is and why it is so important.Â
Understanding where you’re making money and how you can make more of it.Â
The concepts of realization and utilization, how well you price, and how well you maintain pricing.Â
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Key Takeaways:Â
Many law firms look at cash in the door to understand if they were successful, but there are many ways of understanding profitability.Â
Understand the non-standard owner expenses that are being applied to your firm’s finances.Â
Watch your variable costs and make sure they don’t...