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We all want to grow our firm's business, but what exactly do we need to achieve our goals? Thankfully, there's a simple, interactive tool available that can help firms find out just what they need to meet their growth goals. Sure, you could calculate the numbers on your own, but what fun is that? Plus, lawyers aren't known for their great math skills.
So, if you want to grow your law firm business, the new law firm growth calculator from FindLaw Lawyer Marketing will help you set your goals and grow your bottom line -- for free.
As Easy as One-Two-Three
When it comes to law firm growth, you need a clear plan. Thankfully, the new law firm growth calculator makes planning clear and simple. The law firm growth calculator takes some basic information about your practice and your goals, then helps create real, measurable goals for growth.
How easy is it? Super easy. The calculator begins by asking some basic information about your business, such as your primary practice area and average case value. Then it looks at where you want your firm's bottom line to be in the next 12 months. It runs the numbers and, in seconds, shoots out your growth goals.
Say you're an attorney practicing consumer law. Your average case value is $5,000 and you typically handle 10 cases a month, with a lead conversion rate of about 25 percent. Next year, you want to grow by $100,000. Put that information into the calculator and you'll see just what you need to do to hit that goal. (You'd have to get 3 more leads and one extra client per month.)
Once you've done that, play around a bit.
Since the calculator is fully interactive, you can adjust your growth targets to see how that would impact your goals. Find $100,000 growth too conservative? Feel free to put in $500,000. Your lead and client growth numbers will adjust instantly.
Considering taking on more, lower paying cases or going after higher-value clients? Go ahead and fire up the calculator again, to see how your results will differ. (Note: you may need to go into incognito or private mode or clear your browser's cache to run multiple scenarios.)
Get More by Getting the Full Report
Now that you've got some numbers in to work with, what's next? Putting together a plan for achieving those goals.
You could do that on your own, or you can let the experts help you out. FindLaw Lawyer Marketing also offers a personalized Growth Strategy Report. In that report, you'll get a summary of your goals as well as high-level strategies that will help you reach them. After all, what good is a goal if you don't have a specific plan to meet it?
Set your goals. Grow your bottom line. Start now with FindLaw's free law firm growth calculator.
Meeting with a lawyer can help you understand your options and how to best protect your rights. Visit our attorney directory to find a lawyer near you who can help.