Financial Question

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Anonymous User
Posts: 273167
Joined: Tue Aug 11, 2009 9:32 am

Financial Question

Postby Anonymous User » Thu Sep 20, 2012 10:08 am

If a firm's revenue has dropped every year from 2009 to 2011, is that cause for concern? It dropped 5% from 2009 to 2010, and it dropped half a percent from 2010 to 2011. Revenue also dropped every year from 2007 to 2009.

On the flip side, PPP has gone up. Revenue per law has gone up. Net operating income has fallen 1% from 2009 to 2011.

Just not sure what to make of these numbers.

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Old Gregg
Posts: 5413
Joined: Thu Sep 01, 2011 1:26 pm

Re: Financial Question

Postby Old Gregg » Thu Sep 20, 2012 10:15 am

It means they made a higher profit from cost cutting, not from growth in business. An increase in RPL in light of this must mean that theyre getting higher output from existing lawyers, which means there were probably layoffs. I'm not 100% sure, but you should check head count changes over the past three years to confirm.

Anonymous User
Posts: 273167
Joined: Tue Aug 11, 2009 9:32 am

Re: Financial Question

Postby Anonymous User » Thu Sep 20, 2012 10:19 am

Yes, consistent headcount drop every year from 2007.

Is this good business, or a reason to avoid the firm? I don't want to accept, and then not have a job a year or two down the road.




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