A law firm management's primary focus, like most professional service firms, is new business, billing a high percentage of partners' and associates' time and, of course, collecting a high percentage of billings.
Reducing Law Firm Overhead Costs
A law firm management's primary focus, like most professional service firms, is new business, billing a high percentage of partners' and associates' time and, of course, collecting a high percentage of billings. Under pressure to increase revenues and grow the bottom line, executives often overlook smaller firm overheads such as office supplies and related items, printing, stationery, overnight delivery, telecom and copiers. <br/>The truth is that management just does not have the time or resources to regularly review expenses and reduce these costs. Selecting a professional firm to perform the cost reduction work most often represents the best solution.
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Richard StieglitzThis premium content is locked for LawJournalNewsletters subscribers only
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