Topic
Explains how large law firms make money and measure success as businesses. Covers the leverage pyramid and why firms hire associates, key profitability metrics like RPL and PPEP, and the overhead costs that drive firm economics. Helps associates understand the business model behind their workplace.
An examination of the complete revenue cycle at law firms, covering billable hours, alternative fee arrangements, the billing process, collections, write-offs, write-downs, and realization rates.
A practical, scenario-based guide to the most common timekeeping mistakes associates make—from shaving hours and late entries to vague descriptions and billing guideline violations—and the real economic and reputational consequences of getting them wrong.
Provides a practical foundation for understanding how large law firms operate. Covers the hierarchy of positions, practice group structures, key non-legal departments, and how firms are organized to serve clients.
A comparison of the business models underlying litigation and transactional practices. Covers how each practice generates revenue, structures fees, manages staffing and costs, handles client relationships, and responds to economic cycles.