Performlaw Blogs

Divvying Up the Fee Dollar: Building a Firm Economic Model

Posted by: Brian Kennel on April 6

Law firms that understand their economics are more likely to capture and maintain an edge in today’s highly competitive legal market. Optimizing their economic model, or tethering it to the market, achieves even greater stability and larger profits for the firm.  If you don’t have an operating model and want to develop one or want to improve your current model, here is how.

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Law Firm Capitalization

Posted by: PerformLaw on February 12


 

Capitalizing a law firm is typically accomplished in the following ways


  • Paid in Capital;
  • Withheld and Undistributed Earnings;
  • Debt;
  • Trade Credit

 


The philosophy and financial capability of the partners often determine the capitalization methods a firm uses.

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