Leverage, Lawyer Growth, and Expense Control
Learn how leverage, lawyer count, and expenses impact the firm’s profits.
Welcome to Leverage, Lawyer Growth, and Expense Control! In this lesson, we'll study the concepts of leverage and lawyer growth, and how they affect profits. We’ll also learn how, by controlling expenses, a firm can raise its bottom line.
We'll start with leverage. As we’ve learned, leverage means utilizing the lowest-cost resource that can perform a particular function adequately. Leverage recognizes that the most qualified and expensive lawyer may not be the best lawyer to perform a given...