Success Stories

Regional Law Firm — Profitability Turnaround


  • Breakeven profits for last 5 years despite rapid revenue growth
  • Debt increasing last 24 months; line of credit maxed out
  • Poor cash flow and cost controls
  • Operations Manager consistently working 70+ hour weeks


  • GAAP compliant accounting systems and practices
  • New process for projecting and managing working capital
  • New banking relationships for improved credit terms
  • New payroll provider


  • $1.5 million improvement in profits
  • 25% - 35% less work hours per week for Operations Manager
  • 20% reduction in payroll support costs
  • 70% reduction in total debt

“2008 was a high water mark year for our firm.”
COGNEGY: Growth and Profitability