The primary audience is partners, associates, solicitors and business support managers who are involved with the financial management of the firm, e.g. budget holders
This course can be delivered as an interactive workshop facilitated by a fresh trainer. Alternatively, participants may use the model as part of an individual learning programme.
Participants model the decisions they are taking through creating the team structure, managing the operating cycle and responding to market conditions.
This active learning programme is a highly effective approach, demonstrating to participants the financial consequences of the choices they are inputting and the external pressures on law firms
When delivered as face-to-face workshop the maximum delegate number is 12
This course will provide participants with a clear and detailed understanding of effective financial management, focusing on the factors effecting financial stability and growth
- Effective financial management – financial stability and growth
- The levers of profitability
- The operating cycle and cashflow management
- Work allocation and time recording
- Fee structures
- Utilisation, realisation and cash collection
The success measure of this course is that participants strengthen their understanding of the financial management of a law firm and consider how they can make the most effective contribution to the financial health of their firm.