WSRP professionals will work with your leadership to identify the value triggers that contribute the most toward building long-term firm value while staying focused on short-term profit goals. Once we identify your value triggers, we develop the key performance indicators that track progress toward your objectives.
Professional Services Growth Solutions
Law firms and CPA firms have similar needs. We understand managing time and the need to focus on drivers that contribute the greatest value. Our professionals will make it easier for your firm to stay focused on what is important.
Your Support Includes:
- Partnership tax strategies
- Partner compensation support
- Oversight of in-house accounting
- Complete outsourcing of your accounting
- Fractional Controllership if needed
- Determining your value triggers & KPIs
- Financial reporting & assurance needs
- Due diligence to evaluate opportunities
- Valuation services for your firm or clients
- Projects to streamline processes or costs
An Example of Common Law Firm KPIs
- Fees by service area
- Real revenue adjusted for labor spend
- Fees shared with other law firms
- Fixed costs as a percentage of revenue
- Case costs written off, waived or lost cases, case spend
- Tracking and reconciling the client trust account
Gain a fresh perspective. Our firm can help your practice stay focused on the metrics that make you successful. To learn more, please contact us at (801) 328-2011.