In this episode of "Smart Lawyers Position to Transition," Victoria is joined by Brooke Lively, the founder and president of CathCap, to explore how law firms can enhance profitability through data-driven insights. With a wealth of experience, Brooke takes on the role of a fractional Chief Financial Officer (CFO) for law firms, offering invaluable insights into the intricate financial workings of the legal industry. Victoria and Brooke highlight the value of data-driven insights in improving law firm profitability and preparing for successful exits. 

Key Takeaways:

• The Role of a Fractional CFO: Brooke explains the concept of a fractional CFO and how it benefits law firms.
• The Six Key Numbers for Law Firm Profitability: Brooke introduces the six key metrics that law firms should focus on
• Understanding Capacity Utilization: The discussion touches on the importance of tracking staff productivity and capacity.
• Trends in the Legal Industry: The conversation explores trends, including non-attorney ownership of law firms.
• "Exit on Top" Book Preview: Brooke introduces her upcoming book, "Exit on Top," which focuses on preparing law firms for successful sales.

 

Connect With Brooke Lively and CathCap

Profit Finder available for free at CathCap.com/smartlawyers

Cathcap.com

https://www.linkedin.com/in/brookelively/

https://www.facebook.com/boo.lively.3

https://www.facebook.com/CathedralCapital

 

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