Best of ABA TECHSHOW: Defining the Bottom Line

Historically, lawyers tend to think they are great businesspeople because they are able to write nice checks to themselves and their employees every month. Not so much for many law firms in today’s economy. Still, as lawyers, we indeed tend to just focus on substantive law … on being good lawyers and not managing the law firm finances. (…)

ABA TECHSHOW 2009 seminar paper Defining the Bottom Line states that in most cases, law firm salaries are the largest expense, and unless you are overstaffed, making a dent in reduction of non-salary expenses is normally not going to happen. However, most law firms spend an enormous amount of time trying to figure out how to cut marketing, office supplies, and other non-salary expenses. // //]]> Defining the Bottom Line by Debbie Foster (ABA TECHSHOW 2010 …