Many attorneys seek to increase the value of their law firms. Valuation is important for an attorney who may want to sell, retire, add a partner, or prepare for the possibility of public investment, a trend for which there is significant momentum around the world and - recently - in the U.S.
As we have noted in prior posts, businesses that properly use analytics to help manage their operations often have an advantage over their competitors.
The term “business analytics” refers to the use of historical performance data to help you make important decisions about how to run your business.
You need to make sure at a minimum that your new employee has the appropriate skill set, is a hard worker, and will fit into existing culture.
There are already many articles on this topic; however, this KPI overview may serve to either help you get started, or remind you of some best practices.