Line Item: Do You Know Where Your Overhead Is?
NCBA Law Practice Management Blog
MARCH 12, 2019
Law firms tend to not track things well.? That includes time and billing, where they regularly tend to leave hours on the table.? But, it also extends to other parts of the practice.? So, when was the last time you examined your budget? Lawyers who know their overhead are empowered because they have a baseline idea of what they need to make to keep the lights on, and what they need to make over and above that to earn a comfortable living.?
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