“I was told there’d be no math.” It’s a common joking refrain for law students and even practicing lawyers. “I went to law school to help people,” so many lawyers tell me. But a firm needs to pay for you - and itself - in order to keep helping people. Let’s face it: law firms are businesses. And the better a firm runs, the more people it can help. So understanding the finance and economics of a legal services business is crucial. That’s where Kenna comes in.
As an outsourced CFO to law firms, Kenna helps lawyers and firms keep their finances healthy and their books clean so that the lawyers can focus on the lawyering. We talk about utilization and realization (yes, they’re different), the financial focus of each stage of growth, and a whole lot more. If you’re looking to level-up the finance game in your firm, you could do a lot worse than listening to this episode.
