ROI Calculator

Cost vs. Value …

One of the most common, and costly, traps we find lawyers falling into is confusing cheap with efficient. By necessity, every law firm owner who has successfully grown a firm above $1MM in gross revenue has done so by figuring out, to at least some passable degree, how to run “the business end” of their small business themselves, wearing the COO and CFO hats along their journey. Thus, a mindset quickly creeps in that the owner of the firm can do this work herself, despite having no formal business school training or specialized experience in running “the business end” of an entrepreneurial endeavor. Delegating work to a cheap, low-level office manager might make sense… but paying top dollar for a true COO? Why?

You can read more about the difference between an office manager and true COO on our FAQ page. But a true senior-level executive, while more expensive than an office manager, should come with a return on investment (ROI) far in excess of an office manager – usually, a six-figure ROI.

But, don’t take our word for it. Play with the calculator below to see the math for yourself. This calculator makes a couple of assumptions about things like a typical profit margin a true senior-executive should be able to help a small-to-mid-sized law firm realize (based on our deep industry knowledge, and working with thousands of law firms over the years). For the most part, however, you control the assumptions with your inputs, and all the math and details are explained clearly for you in the tool-tip next to each field.

One of the most common, and costly, traps we find lawyers falling into is confusing cheap with efficient. By necessity, every law firm owner who has successfully grown a firm above $1MM in gross revenue has done so by figuring out, to at least some passable degree, how to run “the business end” of their small business themselves, wearing the COO and CFO hats along their journey. Thus, a mindset quickly creeps in that the owner of the firm can do this work herself, despite having no formal business school training or specialized experience in running “the business end” of an entrepreneurial endeavor. Delegating work to a cheap, low-level office manager might make sense… but paying top dollar for a true COO? Why?

You can read more about the difference between an office manager and true COO on our FAQ page. But a true senior-level executive, while more expensive than an office manager, should come with a return on investment (ROI) far in excess of an office manager – usually, a six-figure ROI.

But, don’t take our word for it. Play with the calculator below to see the math for yourself. This calculator makes a couple of assumptions about things like a typical profit margin a true senior-executive should be able to help a small-to-mid-sized law firm realize (based on our deep industry knowledge, and working with thousands of law firms over the years). For the most part, however, you control the assumptions with your inputs, and all the math and details are explained clearly for you in the tool-tip next to each field.

The Calculator.

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