RSM Law Firm Financial Benchmarking Survey
INSIGHT ARTICLE |
While the nation's sharp financial downturn in 2008 affected all law firms, RSM’s most recent Law Firm Financial Benchmarking Survey illustrates key revenue generation and cost control trends that have emerged during the recovery. For example, large law firms with more than 300 attorneys have been most successful in boosting billable hours per attorney over the past five years, while midsized firms have led the way in increasing per-attorney revenue. Meanwhile, the survey shows small firms with 50 or fewer attorneys have done the best job of controlling office expense as a percentage of collected fees.
View the full summary, which can help your law firm benchmark its financial management practices against metrics compiled from over 150 firms across the country.