This is the property of the Daily Journal Corporation and fully protected by copyright. It is made available only to Daily Journal subscribers for personal or collaborative purposes and may not be distributed, reproduced, modified, stored or transferred without written permission. Please click "Reprint" to order presentation-ready copies to distribute to clients or use in commercial marketing materials or for permission to post on a website. and copyright (showing year of publication) at the bottom.
Subscribe to the Daily Journal for access to Daily Appellate Reports, Verdicts, Judicial Profiles and more...

Law Practice

Jul. 25, 2002

Profit Calculations

Dicta Column - By Barbara Lewis and Dan Otto - The average profitability for a law firm should be around 33 percent. After all expenses and taxes are paid, partners should take home one-third of the revenues. Firms' whose profit margins are higher than 33 percent can congratulate themselves. Some efficient firms with smoothly running operations can boast margins of 70 percent or more.

        Dicta Column
        
        By Barbara Lewis and Dan Otto
        
        The average profitability for a law firm should be around 33 percent. After all expenses and taxes are paid, partners should take home one-third of the ...

To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!

Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)

Already a subscriber?

Sign up for Daily Journal emails