How To Maintain Financial Stability - A Guide To Financial Strategy For COFAs

Introduction

The remit of the COFA usually extends beyond pure Accounts Rules compliance. The COFA will, normally, also be responsible for ensuring that the business of the firm is stable and sustainable and is being developed in a commercially sound way.

This webinar will consider the key questions which COFAs must ask themselves when developing their firm’s financial strategy to achieve and maintain financial stability.

What You Will Learn

The webinar will cover the following:

• What are the short‐term and long‐term financial objectives of all firms?
• Is growth necessarily good?
• How much finance do firms require and where does it best come from?
• Linking strategy to partner behaviours - the 7 key behaviours
• What does a good law firm business plan look like?

This webinar was recorded on 21st January 2022