What to Do When Revenue Is Up but Cash Is Tight
Episode Summary:
In this episode of The Legal CFO, host Ryan Kimler, founder of Netprofit CFO, and co-host Sean O'Connor explore the common misconception that increased revenue automatically leads to more cash in the bank for law firms. Ryan shares insights from a recent case study illustrating how profit percentages can drop even as revenue rises, highlighting the importance of efficiency in business operations. The discussion delves into two major factors affecting cash flow: inefficiencies as firms grow and significant expenditures "below the line" like office renovations and debt…
The skinny
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