Business & Financial Management

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Critical Firm Metrics (Part 3)

By Chris Emerson posted 08-03-2014 12:20

  
Which metrics should a firm really pay attention to in order run efficiently and profitably?  We asked Cecy Graf, Director of Financial Services at Perkins Coie for her thoughts on this.  

Cecy:

Firms neglect profitability metrics at their own peril. A comprehensive profitability model that provides metrics on business units, clients and matters, and individual timekeepers is vital to success. Profitability may not be the driving factor for all decisions, but considering these metrics requires firms to tackle tough questions and deal with sacred cows head on; those that do will prosper, while those who continue to focus on the top line at any cost will win the race to the bottom.


We couldn't agree with you more C
ecy!  Thank you for sharing your perspective on this!
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