The Medium Practice Forum met in November to discuss its annual Financial Ratio benchmarking results. A presentation of the results revealed: The financial and operational facts of 22 medium-sized practices. Average Revenue for a medium size practice in Melbourne. What Principals pay themselves What staff are paid - setting up Salary fact sheet for Medium Practice principals. Contract Administration Fees -trends - how are they allocated. Average office billable rates and multipliers. Financial ratios - employment expense, overheads and profit as proportions of revenue. Results showed that profit had a decline in 2018 yet employment expenses for practices increased proportionally against previous years. Revenue average of AUD 1.67m.
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