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Strategically Manage Occupancy Costs to Increase Law Firm Profitability

Aside from payroll, real estate costs are a large law firm's most significant expense. Even under the best circumstances, such expenditures — sometimes called occupancy costs — consume 8% to 10% of the typical large firm's annual revenue. These costs are not confined to rent; many firms finance millions of dollars worth of expenses associated with the construction of their space.

25 minute read November 05, 2004 at 10:20 AM
By
Andrew Lechter
Strategically Manage Occupancy Costs to Increase Law Firm Profitability

Aside from payroll, real estate costs are a large law firm's most significant expense. Even under the best circumstances, such expenditures ' sometimes called occupancy costs ' consume 8% to 10% of the typical large firm's annual revenue.

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