Taken from Robert J Arndt’s 1988 publication ‘Identifying profits (or losses) in the law firm‘ a flawed metric to determine:
- which lawyers and partners were making a profit,
- which practice areas were making a profit,
- which matters were more profitable than others, and
- which clients were more profitable than others.
But, is this really the way forwards when planning for 2019?
Would be interested in your views.