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Wednesday

The webinar will offer a financial guide to law firm and individual lawyers to better understand key financial metrics and improve profitability. It will include a discussion of such this as understanding cost of services in the law firm context, best practices in internal controls, and will offer practical advice from the partner perspective. We will discuss what metrics are crucial and how to interpret such metrics as profit and loss statements, balance sheets and capital accounts . We will discuss which financial items are the most telling and how to quickly go through and identify problems and issues.

Objectives:

  • The management tools law firms and lawyers should be reviewing from your management/bookkeeping system
  • Best practices for the practical use of these financial management tools
  • The essential elements a law firm and lawyer needs to understand ┬áto be able to get a handle on profitability and improve it.