Matt Schlyder presented the Top 10 Profit and Cash Flow Improvement Strategies for any Law Firm, at the Australian Legal Practice Managers Association on Wednesday 23 February 2011.

Matt goes through the Top 10 Profit & Cash Flow Improvement Strategies for an Law Firm.

Top 5 Profit Improvement Strategies

  1. Revenue Growth Formula
  2. Define Top 3 – 5 Product/Service Offerings
  3. Marketing & Sales
  4. Upsell and Cross Sell
  5. Value what you do

Top 5 Cash Flow Improvement Strategies

  1. Plain English Cover Letter
  2. Initial Fee at Signing
  3. Deposit Cash into Trust Account
  4. Minimum Weekly Trust Account Withdrawal
  5. Minimum Weekly Debtor Follow Up

Part 1

 

Top 10 ways to increase profit and cashflow for law firms, ALPMA Feb 2011 – Part 1 from Elliotts Group on Vimeo.

Part 2

 

Top 10 ways to increase profit and cashflow for law firms, ALPMA Feb 2011 – Part 2 from Elliotts Group on Vimeo.