Law Firms and Finance
Law Firms and Finance
Law Firm's Surprising Growth Secret
What if you stumbled on an idea that brought more growth to your firm than you expected? This might seem like something that couldn't happen to you but it did for a firm that reached out to us. The firm had been working on its marketing and internal processes and finally tweaked things enough to start seeing the new client referrals materialize and their revenue jump up faster than expected. It's true what many have said when it comes to your marketing, consistency with strategic tweaks overtime can lead to great results.
In the process of making those tweaks, there were a few key factors that they wish they would have done better, especially on the finance side of their firm so we laid out a few key financial tips to help them and wanted to share them with you. These financial tips can really help you get ahead of some of the potential problems that you could run into when your strategy starts to pick up speed as it will if you stay strategically consistent.
Here are a few key topics that I discuss in this video of helpful tips:
- How to implement a dynamic budgeting process to protect your firm as you grow
- The key ROI metrics that you want to keep an eye on
- Financial tips to avoid the pipe dream sellers
- Warning for avoiding the number #1 profit killer that we have seen damage growing firms.
Let us know what you think about the tips in the comments and share this with other law firms.
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