Law Journal Newsletters Overview of New “Implementing Financial Intelligence” Report

In a recent overview of the “Implementing Financial Intelligence: Giving Law Firms a Competitive Advantage in 2022 and Beyond” report on the Law Journal Newsletters, Ari Kaplan breaks down the study’s findings and reveals the striking shift in the role of law firm finance leaders, both in their value and impact.

In addition to the rising role of the law firm finance leader and how technology and data are fueling the impact of financial leaders, Kaplan captured insight relating to the ability of profitability to empower the creation of opportunities for law firms. Kaplan writes, “Although a majority of the respondents (53%) expect to increase efficiency over the next five years to increase profitability, 83% are focused on increasing revenue. 60% of the respondents rated the value of increasing profit margins as a means of increasing profitability as extremely important (five out of five) or very important (four out of five).”

Read the article on Law Journal Newsletters here or download the full “Implementing Financial Intelligence: Giving Law Firms a Competitive Advantage in 2022 and Beyond” report today!