Domain: Business of Law
Iridium Technology and LawVision have joined up to run a detailed annual survey on law firm profitability. This will be the first time that the results will be presented from the second yearly survey. The survey consists of over sixty questions and goes deep into the “nuts and bolts” of profitability allocations. Topics covered include most common allocation methods, handling exceptions, profitability and partner compensation, and cultural issues preventing wider adoption of profitability solutions.
- Understand the drivers for establishing a profitability-based culture and the most common partner objections.
- Identify the most popular expense allocation methods used by law firms
- Describe how partner compensation is worked into profitability calculations
- Discuss firm strategies for handling exceptions such as rainmakers or business development expenses
Tom Jones, Iridium Technology
Mark Medice, LawVision
Member Price: $59
Prospective Member Price: $79