Law Practice
Aug. 30, 2014
Profitability's about how you get there
There are several measures of profit, some are effective for performance and some are effective "spin." Broad partner understanding of the difference may be critical to keeping the firm on a sustainable course. By Edwin B. Reeser
Management effectiveness is often evaluated by profitability. There are several measures of profit, some are effective for performance and some are effective "spin." Broad partner understanding of the difference may be critical to keeping the firm on a sustainable course.
Profit Margin on Operations
The "PMO" ratio is "partner profit," the pool of net income, divided by firm revenue. The...
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