FBK Legal's Partner Alexander Ermolenko has spoken at the session of Minsk Legal Forum dedicated to the law firm’s client service economy.
He said that the income amount does not make it possible to estimate project efficiency without knowing the exact amount of costs.
“We need to calculate costs. I explained how to do it. How to understand whether a project is good or bad in terms of its efficiency using the average project rate and the break-even rate. If we do it once a year, we do not see the whole picture,” Alexander Ermolenko said.
Minsk Legal Forum (MLF) is an informal meeting for lawyers, a platform designed for lively interaction free from scientific monologues.