Finance in law firms
law firm finance: matter-level profitability instead of headline hourly rates, realisation and write-offs, lock-up as the sector's cash disease (WIP days plus debtor days), the arithmetic of the leverage ratio, partner compensation from lockstep to eat-what-you-kill, profit per equity partner and how it is flattered, a partnership's capital structure with partner contributions and no equity market, pricing beyond the hour with capped and fixed fees and retainers, matter budgeting and scope creep, and client e-billing audits.
law firm finance: matter-level profitability instead of headline hourly rates, realisation and write-offs, lock-up as the sector's cash disease (WIP days plus debtor days), the arithmetic of the leverage ratio, partner compensation from lockstep to eat-what-you-kill, profit per equity partner and how it is flattered, a partnership's capital structure with partner contributions and no equity market, pricing beyond the hour with capped and fixed fees and retainers, matter budgeting and scope creep, and client e-billing audits.