Profitability is one of the most critical measures of success for any law firm. But while it’s easy to fall into the mindset of “more billable hours equal more profit,” the full story of a firm’s financial health is more complex. Determining a law firm’s profitability is about more than […]

By Debbie Foster, CEO, Affinity Consulting Group  Moving Beyond Billable Hours  Law firm profitability is often viewed in simplistic terms: the more billable hours attorneys log, the more profitable the firm becomes. But the reality of assessing profitability is far more nuanced. Profitability can be sliced and diced in several […]

Why Profitability Matters for Law Firms  Profitability is one of the most critical measures of success for any law firm. But while it’s easy to fall into the mindset of “more billable hours equal more profit,” the reality is more complex. Simply focusing on the standard math equation of revenue […]