Finance Management and Law Firm..

	Finance Management and Law Firm Profitability
	"You can only manage what you measure." Centurion Consulting has developed systems that monitor law firms' financial health. We provide analysis for financial information, trending profit projection and cash flow management. We provide benchmarking for comparison to law firm standards along with current business analysis, marketing trends and value drivers. We develop user-friendly pro formas that allow the law firm to manipulate key drivers of financial health and examine a variety of conservative and aggressive scenarios. In conjunction with the operational analysis, we employ managerial economics to derive activity-based costing, task analysis, economic allocation, resource effectiveness, sources and uses of capital and determination and management of cash flow. We assist in establishing budgets, determining sustainable growth rates, calculating and managing financial risk, developing decision support systems and analyzing alternatives. Our goal is to help the law firm become more profitable. A number of articles discuss how to improve law firm profitability. Our Financial Health Dashboard Software helps law firms determine their profitability and their financial health.