SEO return is not comparable across practice areas until the firm normalizes the underlying economics. A contingency practice, a flat-fee practice, and an hourly practice can receive similar inquiry volume while producing very different collected revenue, staffing demands, and time-to-cash. The useful question is not whether SEO has a universally good return, but whether the firm's attributable retained matters justify the resources committed to earning them.
Use three inputs before reviewing any dashboard: net revenue per retained matter, the share of qualified organic inquiries that become retained matters, and the full cost of the SEO work being evaluated. Net revenue should reflect the amount relevant to management decisions after the firm's normal matter-level adjustments, not a headline settlement or a best-case invoice. Intake conversion should come from your own records, because lead quality and intake discipline vary by practice and office. Cost should include agency fees, content production, tools, development, and material internal labor that would otherwise be spent on client or operational work.
For illustration only, a previously published planning example used an average case value of $85,000 with a 33% contingency assumption, while another example used $4,000 for a flat-fee matter. Those figures are not verified benchmarks and should not be copied into a forecast unless they match your firm's records. Their purpose is to show why the same marketing spend can be acceptable in one practice area and unsustainable in another.
Then define the decision you are actually making. A managing partner deciding whether to continue a campaign needs a different view from a practice leader deciding where to allocate the next content cycle. The first needs cumulative investment and attributable collected revenue. The second also needs marginal opportunity: which queries, locations, and matter types are producing qualified demand that the firm is prepared to handle.
Finally, separate attribution uncertainty from channel performance. If the firm cannot reliably identify whether an inquiry came from organic search, that is a measurement failure, not evidence that SEO did or did not work. Repair the intake data first, then judge the economics on comparable cohorts.