Podcast: The Complex Conundrum of Cash and Lawyer Compensation
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The Complex Conundrum of Cash and Lawyer Compensation
If your revenues from a given client are less than the costs to service that client in lawyer and staff compensation, your law firm is like an athlete exercising in hot weather. Lawyers often see only the intake—the cash “hydration” of revenue—and do not realize the dehydration that dissipates cash faster than the money comes in.
