Finance SIG - Reducing Expenses by 50%
Description
Most law firms regularly deal with inefficiencies and waste in their operating budgets. The hourly business model will carry 35% - 45% of its operating costs as overhead not related to paralegal and associate payroll.
This session will discuss the implications of cutting overhead costs by 50% as a way to reconcile escalating partner and associate compensation with client needs to reduce legal expenditures.