Episode Summary:
Ryan Kimler breaks down the optimal payroll benchmarks for law firms, discussing the ideal percentage of revenue allocation, staffing balance, and strategic hiring decisions. Learn how to maintain competitive salaries while ensuring operational sustainability in your law practice.
Key Timestamps:
00:40 - Introduction to payroll benchmarks
00:57 - Optimal payroll percentage (40-45% of revenue)
03:26 - Salary considerations for solo practices
04:19 - Balancing staff experience levels
05:55 - Impact of staffing on profitability
08:33 - Compensation adjustments in current market
10:15 - Signs it's time to restructure your team
14:25 - Annual planning strategies
17:55 - Case management and tracking
About The Show:
The Legal CFO delivers clarity meets profitability strategies for law firm owners. Each episode provides straightforward strategies to help firms run smarter, earn more, and scale with confidence through expert insights from NetProfit CFO founder Ryan Kimler.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.