What Steps Should Be Taken After the Initial Client Conference

question 6

Essay

What steps should be taken after the initial client conference if
(a) the client decides to hire your firm,
(b)the client is undecided about whether or not to proceed, or
(c)the client declines representation?

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Definitions:

EBIT

Earnings Before Interest and Taxes, a measure of a company's profitability that excludes interest and income tax expenses.

Degree of Financial Leverage

A measure of a company's use of borrowed funds to finance its operations, indicating the sensitivity of its earnings to fluctuations in operational income.

EPS

Earnings Per Share (EPS) is a financial metric that indicates the portion of a company's profit allocated to each outstanding share of common stock.

Operating Leverage Analysis

Examination of how fixed operating costs relate to profit levels, assessing the degree to which a firm can increase profits by increasing sales.