10 Key Fundamentals of Law Firm Economics - Live at Your Desk

Introduction

The more profitable firms do not necessarily work more hours, but they do make sure those hours are spent wisely and with the right clients.

This new virtual classroom seminar will guide you through how law firms generate profit, where opportunities for growth lie, and the practical levers you can use to improve both profitability and cash flow.

You will learn how to analyse your own firm’s financial performance and develop a clear, actionable strategy to drive profits without working a single extra hour.

This session is designed for everyone in a law firm, whether you work directly with clients or play a role in managing the business. It offers an essential foundation for those new to law firm economics and a valuable update for experienced professionals.

What You Will Learn

This live and interactive session will cover the following:

• Cash flow management for law firms
• Managing your working capital
• How the kind of clients you work for effects profitability
• How you price your work
• How you manage your work
• How much of your available time you spend on client work
• How much of that time you invoice to clients
• Developing cash generation plans
• Maximising the efficient use of your people
• Controlling your other overheads

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.