The Must-Know Numbers To Grow Your Law Firm with Ryan Kimler, Net Profit CFO Grow Law Firm

Join Sasha Berson as he speaks again with Ryan Kimler, Owner of Net Profit CFO

👉Sasha and Ryan explore:
— The difference between bookkeepers, accountants and CFOs.
— Why hiring a CFO is a good idea even for law firms with less than $2 million in revenue per year.
— The three ways in which Ryan helps improve the profitability of a law firm; the first is to evaluate the billing and the ROI per attorney.
— Why it’s important to bill four to five times more than you’re paying an associate.
— Why total payroll expenses divided by revenue should be at around 40%.
— Why it’s a good idea to have four to six months’ worth of expenses in the bank.
— How to optimize profitability per attorney to get a minimum return of four or five times their true cost: this may mean adjusting their price point or wages.
📞Connect with Ryan Kimler:
• Email: ryan@netprofitcfo.com
• LinkedIn: https://www.linkedin.com/in/ryankfinancialclarityllc/
• Facebook: https://www.facebook.com/rkimler
• Net Profit's website: https://netprofitcfo.com/
• LinkedIn: https://www.linkedin.com/company/netprofitcfo/

📞Connect with Sasha Berson:
• LinkedIn:  https://www.linkedin.com/company/grow-law-firm/
• Instagram: https://www.instagram.com/grow_lawfirm/ 
• YouTube: https://www.youtube.com/@growlawfirm
• Facebook: https://www.facebook.com/growlawfirm 
• Email: info@growlawfirm.com 
• Phone: (312) 854-7724

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