Episode 330:
The conversation dives into what a CFO actually does for a law firm and why so many firms struggle with understanding their numbers. Leah explains the difference between a bookkeeper, CPA, financial advisor, and CFO, and why each plays a distinct role. She also shares how law firm owners can use financial data to make smarter operational decisions, improve cash flow, and build a roadmap for growth.
- What a CFO Actually Does
– The difference between a bookkeeper, CPA, financial advisor, and CFO
– Why a CFO focuses on growth strategy and future planning - How to Understand Your Financials
– Why most law firm owners don’t fully understand their P&L
– How to use percentages of revenue to evaluate performance - Stabilizing Cash Flow in Contingency Firms
– Why cash flow does not have to be feast or famine
– How to use case data and trends to create predictable revenue - Turning Data Into Decisions
– How financial data reveals operational problems and opportunities
– Why improving operations can increase profitability without more cases - Planning for Growth with Confidence
– How to forecast revenue and know when to hire or scale
– Why consistent financial review leads to long-term success
Resources:
Website: firmlyprofits.com
LinkedIn: linkedin.com/in/leahlnmfinancial
Facebook: facebook.com/profile.php?id=100091343407958
Instagram: instagram.com/leah_lnm_financial
Additional Resources:
https://www.pilmma.org/the-mastermind-effect
https://www.pilmma.org/resources
https://www.pilmma.org/mastermind
https://calendly.com/jenna-pilmma/strategy-session-with-pilmma
Super Summit 2026:
https://www.pilmma.org/events/super-summit
DISCOUNT CODE: 26SSGROW