The Must-Know Numbers To Grow Your Law Firm with Ryan Kimler, Net Profit CFO

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Sasha and Ryan Kimler Explore

• The difference between bookkeepers, accountants and CFOs.
• Why hiring a CFO is a good idea even for law firms with less than $2 million in revenue per year.

• The three ways in which Ryan helps improve the profitability of a law firm; the first is to evaluate the billing and the ROI per attorney.
• Why it’s important to bill four to five times more than you’re paying an associate.
• Why total payroll expenses divided by revenue should be at around 40%.
• Why it’s a good idea to have four to six months’ worth of expenses in the bank.
• How to optimize profitability per attorney to get a minimum return of four or five times their true cost: this may mean adjusting their price point or wages.

Connect with Ryan Kimler

• Website - Net Profit CFO
• LinkedIn - Net Profit CFO
• LinkedIn - Ryan Kimler
• Facebook - Ryan Kimler
• Email - ryan@netprofitcfo.com