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 ...
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 ...
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