American Law Institute Continuing Legal Education will present a webcast on “Law Firm Financial Management: Strategies, Tools, and Safeguards” Wednesday, Nov. 12, from noon to 1 p.m.
From understanding income statements and cash flow to setting billing rates, managing expenses, and safeguarding against financial risks, the business side of law is critical to long-term sustainability. Yet many firm leaders don’t have the financial knowledge and tools necessary to stay compliant and profitable.
This program, led by a successful small firm founder and a CPA who advises law firms, demystifies law firm finance and provides practical strategies for attorneys, firm leaders, and
administrators. Attendees will learn:
• The necessities of financial management for firms of all sizes
• How to read and apply key financial statements (income, balance sheet, cash flow)
• Practical methods for financial planning, forecasting, and budgeting
• The keys to effective billing rates and managing revenue streams
• Expense management strategies to identify, analyze, and reduce cost drivers
• How to recognize and mitigate financial risks unique to law firms
• Best practices for internal controls, fraud prevention, and compliance
• The role of technology in tracking, reporting, and streamlining financial tasks
• Dos and don’ts from a CPA to keep your firm on strong financial footing
Questions will be submitted live to the faculty and all registrants will receive downloadable course materials to accompany the program.
Law firm owners, partners, managing attorneys, firm administrators, and others involved in budgeting, billing, or financial decision-making, as well as professionals advising law firms on accounting and compliance will benefit from this webcast.
Cost for the webcast is $199. To register, visit www.ali-cle.org.
From understanding income statements and cash flow to setting billing rates, managing expenses, and safeguarding against financial risks, the business side of law is critical to long-term sustainability. Yet many firm leaders don’t have the financial knowledge and tools necessary to stay compliant and profitable.
This program, led by a successful small firm founder and a CPA who advises law firms, demystifies law firm finance and provides practical strategies for attorneys, firm leaders, and
administrators. Attendees will learn:
• The necessities of financial management for firms of all sizes
• How to read and apply key financial statements (income, balance sheet, cash flow)
• Practical methods for financial planning, forecasting, and budgeting
• The keys to effective billing rates and managing revenue streams
• Expense management strategies to identify, analyze, and reduce cost drivers
• How to recognize and mitigate financial risks unique to law firms
• Best practices for internal controls, fraud prevention, and compliance
• The role of technology in tracking, reporting, and streamlining financial tasks
• Dos and don’ts from a CPA to keep your firm on strong financial footing
Questions will be submitted live to the faculty and all registrants will receive downloadable course materials to accompany the program.
Law firm owners, partners, managing attorneys, firm administrators, and others involved in budgeting, billing, or financial decision-making, as well as professionals advising law firms on accounting and compliance will benefit from this webcast.
Cost for the webcast is $199. To register, visit www.ali-cle.org.
