Module 4
The numbers and the plan: costs, income, break-even, cash flow and funding
A firm that is full of work and short of cash is one of the commonest sights in small practice. The work is real and the clients are happy, and the bank account is empty because bills go out on the first of the month and fees come in ninety days later. Planning does not prevent this by magic. It prevents it by making the numbers visible before they hurt: what it costs to open and to keep open, how income is actually produced, how many hours must be billed to survive, how long the gap between work and money will last, and how the firm is funded through it. This module teaches the arithmetic in plain steps and gives you the Firm Break-Even Calculator to try with your own assumptions. The figures in the examples are invented, and your own will differ.
Module 1 of this course is free, and this is not it. Unlock the whole course below, or go back to the course page.
Two Ways In
Introductory PriceStarting a Law Firm: buy it on its own, or get it with All-Access
Unlock all of Starting a Law Firm on its own with a one-time purchase, or get it as part of an All-Access Membership, which also covers every course and the other paid tools. A member never needs to buy it separately.
This is an early, introductory price for a brand-new product — it’s expected to rise as we add more content. Buy now and it’s yours at today’s rate, forever.
No account needed: you pay, and we email you a one-click sign-in.
All-Access is $19.99 a month or $149 a year, and covers every course and most tools, this one included. Create a free account to subscribe.
Look first, then buy. Free previews on every product page. Secure payment by Stripe. Pay once, keep it forever. Details
See what is included in All-Access →General education on starting a law practice, using invented people and figures. It is not legal, tax, financial or regulatory advice. Rules on practising, ownership, insurance, client money, advertising and anti-money-laundering differ between countries and change: check your regulator’s current rules and take professional advice.
Teaching? Share this with your class
Free to use in class. The free parts open for everyone, no account needed.