Imagine two estate planning firms that each collect $1 million in a year. One finishes with an 8% profit margin and keeps $80,000 in profit. The other finishes at 20% and keeps $200,000. The firms have identical revenue, but one created $120,000 more profit from it. Revenue tells you how much business passed through theContinue reading “What Should an Estate Planning Law Firm’s Profit Margin Be?”