If your firm is not collecting earned revenue, growth will slow, cash flow will tighten, and profitability will suffer.
Fortunately, revenue and profit leakage can be minimized with awareness, the right tools (such as 8am Smart Spend), and disciplined financial oversight.
In this webinar, Brittany Hoffmann of 8am and fractional CFO Kelley Brubaker explored common sources of profit leakage — along with practical, actionable tactics for improvement.
You can register to view the full webinar on-demand here, and read on for some highlights from the discussion.
What Your Gut Can Tell You
If you think your firm is thriving while your bank account indicates otherwise, you likely have a problem with revenue leakage. Here, Kelley explains why.
What Profit Leakage Looks Like
As its name would suggest, profit leakage can be similar to a dripping faucet. Here, Kelley explains why — and shares the most common culprit she’s seen at law firms.
What to Do First
There are some low-hanging fixes to shore up your firm against profit leakage. Here, Kelley shares one.
Hear the Full Conversation
Looking to make your firm more profitable? Register for the full webinar on-demand here.
The discussion explores:
• Concrete examples of how profit leakage can occur
• Red flags that indicate profit leakage at your firm
• Quick wins you can implement right away
• Long-term strategies to sustain improvements