by Chris Catapano, CFA, CPA | Jul 2, 2013 | Law Firm Strategy
Law firm management teams often have to make very difficult decisions. Last week, Weil Gotshal announced a round of layoffs that gained a significant attention in the financial press. What can we learn from the layoffs at Weil Gotshal? Layoffs not only impact those...
by Chris Catapano, CFA, CPA | Jun 25, 2013 | Law Firm Strategy
Profits per partner is a good metric for ranking law firms. Think about it. If you needed a quick method to assess the financial health of 100 law firms, using PPP partially removes size from your analysis and will bring you closer to identifying firms that are doing...
by Chris Catapano, CFA, CPA | Jun 17, 2013 | Law Firm Strategy
Law firm economics and culture are rarely mentioned in the same breath. Nevertheless, your law firm’s culture directly impacts profits per partner. Culture defines economics How is culture related to law firm economics? Culture is a blend between the: Work-life...
by Chris Catapano, CFA, CPA | Jun 17, 2013 | Law Firm Strategy
Does your law firm have a toxic culture? A recent survey from CareerBliss ranked the unhappiest jobs in America. According to the survey, associate attorneys earned the highest average salary, but their wallets failed to generate satisfaction. Associate attorneys have...
by Chris Catapano, CFA, CPA | Jun 5, 2013 | Law Firm Strategy
Why should your law firm use analytics? Because the data your firm generates everyday could be improving partner profits. Every time slip, accounting entry, and financial record is a potentially valuable piece of data. When data rests in your billing system,...
by Chris Catapano, CFA, CPA | Jun 4, 2013 | Law Firm Strategy
What did my associates accomplish last week? Knowing what your law firm accomplished, and more importantly, what you need to achieve next is a critical component of effective law firm management. Did you accomplish your goals last week? Did your associates achieve the...
