Your Law Firm Is Making Money. But Is It Actually Profitable? | Leah Miller
JUN 9, 202647 MIN
Your Law Firm Is Making Money. But Is It Actually Profitable? | Leah Miller
JUN 9, 202647 MIN
Description
Most law firm owners know the feeling.You are busy.The cases are coming in.The team is growing.The bank account looks decent.And somehow, you still do not feel fully in control of the money.That is why we are bringing this episode back.This is one of the most downloaded episodes of Life Beyond the Briefs, and it is easy to understand why. Leah Miller, founder of Firmly Profits and fractional CFO for law firm owners, explains law firm finances in a way that actually makes sense.No accountant-speak. No shame. No pretending you should already know all of this.Leah walks through the numbers every firm owner should understand if they want to build predictable profit instead of just hoping there is enough money left over at the end of the month.She breaks down what to look for in your financial statements, how to think about expenses, why revenue alone does not tell the full story, and how to use your real numbers to build a budget that supports your goals.Because the point is not to turn you into a CFO.The point is to help you make better decisions.How much can you afford to spend on marketing?When can you hire?Are wages eating too much of your revenue?Are you actually paying yourself what you want to earn?This is the kind of conversation every law firm owner needs to have sooner, not later.If your firm is making money but you still feel like you are guessing, this episode is worth another listen.Connect with Leah MillerWebsite: https://firmlyprofits.comLinkedIn: https://www.linkedin.com/in/leahlnmfinancial ____________________________________Brian Glass is a nationally recognized personal injury lawyer in Fairfax, Virginia. He is passionate about living a life of his own design and looking for answers to solutions outside of the legal field. This podcast is his effort to share that passion with others.Want to connect with Brian?Follow Brian on Instagram: @thebrianglassConnect on LinkedIn