Fiscal Metrics To Gauge Your Firm's Financial Health

Fiscal Metrics To Gauge Your Firm's Financial Health

What are the benchmarks examined for the fiscal health of a law firm?  There are many, some come from the bankers, some from financial advisors and some are internally driven by the comfort the owners have with financial leverage.  A broad normal range of the most common metrics (specific appropriate metric values are determined by firm size, practice focus and other factors) follow: