Legal Research

"4 Steps to Snowball Your Law Firm Profits"

This post was written by Chuck Newton: "I think the problem is that most lawyers look too often for what they call in Texas "the big lick". It is a case or line of business that gushes money to the extent that it can cure all of the law firm's misjudgments. Oh, the big lick happens once in a while to a few, but increasing profits for a law firm is usually accomplished on the margins.

The overall strategy takes a constant eye for what needs to be accomplished as the increase in profits rests on the margins. As with a snowball, it starts small and builds on itself quickly. But, that does not mean that you do not need to create the right environment for this to happen.

Let us look at what it takes to create an environment that will allow a snowball to roll and grow quickly..."

Continue reading this interesting post by clicking on the author's name.

Source: Chuck Newton Rides the Third Wave, 3 June 2010, reproduced with permission of the author.

Full post as published by Stark County Law Library Blawg on June 15, 2010 (boomark / email).