Is Growing Your Law Firm Actually a Good Investment? | The Science of Scaling
Most law firm owners scale blind. You add an associate, sign a bigger lease, chase more revenue, and hope the profit follows. It rarely does.
In this masterclass, Darren Wurz, CFP®, founder of The Lawyer Millionaire®, walks you through the financial architecture that makes law firm growth sustainable. Drawing on Greg Crabtree’s Simple Numbers 2.0: Rules of Smart Scaling, you will learn how to stop thinking like a lawyer who runs a firm and start thinking like an investor who owns one.
In this session, you will learn:
The three rules that tell you whether your growth is working or leaking
How to calculate your firm’s return on invested capital, and what the number is telling you
How to use your labor efficiency ratio to find your firm’s hidden ceiling
The gross profit per labor dollar test: the hiring barometer for a solo practice, a growing firm, and a mature firm
How to match capital to your business model so growth does not starve you of cash
How to know when to keep scaling and when to consider selling
How to spend based on value created, not arbitrary budgets
If you have ever wondered whether you can grow your firm without losing your margin (or your mind), this session is for you.
📅 BOOK A STRATEGY CALL
Want to know what these numbers say about your own firm? Book a call with Darren: https://lawyermillionaire.com/strategy