Would you like to have a clear picture of your Efficiency Factor?
For a legal firm, efficiency can be described as the ratio between revenue and the direct labour cost to produce that revenue. The ultimate financial measure for an efficient practice is Gross Profit. To improve Gross Profit from an efficiency perspective, you must ensure you carry the right amount of labour. To determine the right amount of labour for your needs, you must have a “Capacity Management Plan”. Most firms confuse their Capacity Management Plan with a Budget.
Don’t be one of these firms!
My webinar will unravel the confusion by helping you to understand your capacity and ensuring your Efficiency Factor is getting the best outcomes for your firm.
View Matt’s Efficiency Factor Webinar here.