Strong financial management helps law firms profit in the good times and weather the bad ones . . . but it also takes time and effort. Finding the time during a busy day can be challenging, and for many firms, hiring an expensive CFO is out of the question. But now there's the newly updated and revised edition of Results-Oriented Financial Management. The first two versions have helped countless firms reach their financial goals, and this third edition is no exception. Nationally-recognized expert John Iezzi covers every aspect of the financial management process, from gathering a firm's historical data, to preparing and analyzing the overall financial plan. Whether you're a financial novice or veteran manager, this book will help you examine every facet of your financial affairs from cash flow and budget creation to billing and compensation, including:

—Calculating net income

—Preparing annual financial plans

—Setting billing rates and performing analyses on results

—Performing timekeeper breakeven analysis

—Examining cash flow analysis

—Performing pro-forma calculations