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Aug 10, 2010


Personal Injury Law Firm Profitability

Question:

We are a 5 attorney (all partners) personal injury plaintiff law firm in Central Illinois. We are all working hard, are extremely busy, but we don't seem to be seeing the results of our hard work in our earnings and compensation. We are making hefty marketing investments – in fact we are spending around 6% of revenue on marketing. What are your recommendations on how we can improve our profitability?

Response:

It is hard for me to comment specifically with the limited information that you have provided. There are numerous variables that need to be examined. However, in general terms:

John W. Olmstead, MBA, Ph.C, CMC


Posted at 03:25 PM in Financial Management, Marketing, Profit Improvement
Tags: Personal Injury Law Firm Profitability

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