Earnings Improvement Programs and Financial Reporting Practices
A hallmark of our practice is helping firms to improve profitability. In every firm, some partners have greater financial acumen than others, and some partners have greater financial discipline than others. We help firms implement practices to modify partner behavior and heighten partners’ financial awareness - with a result of enhanced firm earnings. The practices we suggest have proven effective over the last thirty plus years at scores of firms.
As a part of these engagements, we often work with Department Chairs and Practice Group Leaders to help define their role and tactics for managing the financial performance of lawyers in their individual groups.
A firm's earnings platform defines a firm's strategic position. Given that maintaining and improving earnings is a top Management priority at all firms, earnings improvement engagements serve as a cornerstone practice of our consultancy.