Clients
Reports
Employees
Law firm Finance
Industry Knowledge
100

Who was the first client in NYC?

CTSW

100

What is Utilization?

The $ value of hours the legal staff record in the system


100

Who was the first employee I hired?

Ben Read!

100
What is an originator?

The person that bring in the cases

100

What is the most important KPI to know for a law firm?

Revenue per lawyer

200

Who were the second Clients in NYC?

ST

200

What is collection rate?

Revenue/invoices

200

Who was the shortest tenured employee in the Team?

Earta

200

What is overhead?

All operating expenses, besides Labor cost, taxes, depriciation etc

200

What is the best dashboarding tool in the industry?

FI

300

Which managing partner said that they will never pay for our services in the first meeting?

Jacqueline Newman

300
What is billing rate?

Invoices/Utilization

300

How many employees, including me, relocated from Israel to work in our team?

4

300

How are we calculating the hourly cost per lawyer?

Direct cost (salary, benefits, taxes) + his share in overhead
300

What was the revenue per lawyer in the benchmark we did last year?

650K

400

How many of our clients are partners in real life?

2 KB and CSW

400

What is Realization rate?

Revenue/ttilization

400

How long ago did Gili move to the US?

15 months!

400

What is a soft break-even point?


The BE + EP draws

400
What is the usual salary raise a law firm gives to its admin?

COLA

500

How many clients we have that start with the name Cohen?

3

500

How are we calculating FTE?

Months of work / 12 (if its for a full year)

500

Who had the best interview in our Team?

The legendary Julian!
500

What is the most common OC Model and explain

50/35/20

500

What is the Cravath Scale?

The scale all the big firms use for salaries.