Best Practice Tips: Law Firm Effective Rate Improvement
Asked and Answered
By John W. Olmstead, MBA, Ph.D, CMC
Q. I am a partner with a 16-attorney firm in downstate Illinois and a member on our three-person management committee. My responsibility on the committee is overseeing the firm’s finances and supervising the firm administrator’s accounting and finance. In reviewing our financial reports, I have noted that our effective billing rates (realization rates) are not what they should be. We are reluctant to raise client rates. What other steps can we take to improve our effective rates?
Learn how to guide your child client through the juvenile delinquency process with this full-day seminar Sept. 27 in Chicago. Any attorney who is retained to represent a juvenile in a delinquency case needs to be aware of the process and be up-to-date on the legislative changes that may affect your client. Whether you’ve never represented a juvenile or are seasoned practitioner who needs an update on the recent changes to the law and process, you won’t want to miss this seminar that gives you all the information you need to successfully navigate the juvenile delinquency process.