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Law as a Business

3 hours ILT
What you are going to learn

About this course:

Objective:
The module aims to provide participants with a proper understanding of how law firms operate, and practical advice on what they can do to make a positive financial contribution to the firm.

Intended audience:
Paralegals

Duration:
3 hours 
Topics:
  • Introduction and overview
  • Importance of accurate time recording and appropriate narrative
  • Managing and recording time: individual tasks and matters
  • Participants use a financial model and case studies to consider the following issues:
  • Levers of profitability
  •  Overheads in law firms
  •  Lock-up and cash flow management
  •  Importance of delegation
  •  Improving time capture
  •  Importance of pricing work in the right way 
  • Action planning and conclusions

Outcomes:
The success measures of this course are that participants will:
  • Understand the importance of effective time recording for each task and matter;
  • Be able to identify the levers of profitability, lock-up and cash flow; and
  • Appreciate the need to assist with the ‘working capital cycle’ as well as working profitably.

Contact us to find out more

Please complete the form.   We will contact you within 5 working days to discuss course dates and availability.
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