What’s Your Law Firm’s Profit Margin & Is It Good?
CARET Legal
APRIL 3, 2024
The formula to calculate it is simple: > Profit Margin = (Total Revenue – Total Expenses) / Total Revenue * 100 For example, if your law firm generates $1,000,000 in revenue and has $700,000 in expenses, your profit margin would be 30%. Think utilization rate, realization rate, and collection rate. So why wait?
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