Profitability in Law Firms - Brown, Toby; Campbell, Steven; Corcoran, Tim
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Profit. What a simple term. To determine it, all one needs to do is take revenue and subtract costs and there you go: profit. From there itâ s easy to determine a percentage and margin. So whatâ s so hard about law firm profitability?

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Profit. What a simple term. To determine it, all one needs to do is take revenue and subtract costs and there you go: profit. From there itâ s easy to determine a percentage and margin. So whatâ s so hard about law firm profitability?