Seven Steps to understand the cost of a law business (The basics)
Costing is the foundation for pricing In the current legal environment, there is much debate about the pricing of legal services such as margins, hourly rates, fixed fees and value-based billing and that is before venturing into brand premium. However the first step is always costing. Lawyers need to understand how much it costs to run their business every working day. Cost calculations are the foundation of pricing and profitability, and guide investment and operations. Wh
