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    For most businesses, profit is simply revenue minus expenses. In the law profession where the commodity being sold is time and knowledge and not actual products, economics gets somewhat trickier. It is also something rarely, if ever, taught in law school. However, for your law firm to succeed,...

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    A law firm is first and foremost a business; and in order to succeed and grow, partners must view, operate and manage it like a business.  Gathering and analyzing law firm business data is often overlooked, but by measuring the right metrics, inefficiencies can be identified and improved,...

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    The website, called the Difference Between, does a beautiful job of explaining how efficiency and productivity differ. Here’s what they have to say:

    Key difference: Efficiency is the ability to do something or produce something without wasting materials, time or energy. It is the quality or...

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