Check, Please: Compare Projections to Actual Results

Creating projections for your law firm is great, because those are effectively coded goals. 

 

Build a budget projection – you’re trying to stay within it. 

 

Craft a set of revenue projections – you’re figuring out how to make a set amount of money. 

 

Assign metrics or KPIs – that’s a forward-looking goal.

 However, that’s pretty meaningless, unless you compare those projections, to actual results – to check (not only) on the viability of your performance, (but also) the reasonable of the goal you set.  So, you’ll have a better sense of how aggressive you can get, in moving goals forward, the next year, quarter or month. 

 

Projection to actual, should actually be a thing. 

 

If you’re not doing that now, it’s never too late to start. 

 

. . . 

 

If you want to start at the beginning, and create some projections – we can help! 

Through a unique partnership between the bar association and Jared Correia's Red Cave Law Firm Consulting, Vermont Bar Association members have access to experienced law practice management consultants at a special discounted rate.

To get started, visit Red Cave's Vermont Bar Association landing page, and start running your law practice like a business.