How to Build Your Law Firm's 2027 Budget: A 9-Step Guide to Revenue Forecasting, Headcount Planning, and Partner Compensation

Most law firm budgets are last year's numbers plus a percentage. That approach breaks in a market where rates are rising faster than demand and collections are lagging. Here is a nine-step method for building a 2027 budget from realization, capacity, and cash — with the reports you need at each step.