It’s All About the Profit

In Episode 16 of The Law Firm Empress podcast, Jessica Gonifas dives deep into the importance of profit over revenue in law firms. She discusses the significance of maintaining a healthy profit margin and warns against the common mistake of focusing too much on revenue growth while neglecting expenses. Jessica emphasizes the dangers of growing expenses faster than revenue, and the need for financial systems, controls, and strategic planning to maintain profitability. Additionally, she highlights the importance of effective staff management and delegating responsibilities to free up law firm owners to focus on growth. Tune in to this episode to learn how to align your financial strategy with your law firm’s long-term success.