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Podcast: BE THAT LAWYER
Episode: Ryan Kimler: Financially Healthy Law Firms by the Numbers
Description: In this episode, Steve Fretzin and Ryan Kimler discuss:Understanding the amount of money you need to keep your law firm and your personal finances healthy.Reinvesting money into your firm. What a typical comp plan looks like for small firms.A breakdown of what minimums a financially healthy law firm looks like by the numbers. Key Takeaways:As a law firm, when you’re paying hire salaries, you need to look at your bonus plans because those can eat into your firm’s profitability. You have to have enough cash to keep the law fir...