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Law Firm Profitability

3 hours ILT
What you are going to learn

About this course:

Objective:
For trainees to have an increased understanding of the key levers/drivers of law firm profitability 

Intended audience:
PSC and SQE Trainees

Duration:
3 hours 
Topics covered:
  • Law as a Business - context
  • Financing the law firm and the importance of working capital
  • The levers and drivers of profitability
  • Lock-up and cashflow management - draining away working capital
  • The importance of improving time capture, utilisation, realisation and recovery
    (A web-based/excel spreadsheet model is used to practically illustrate and underpin key learning)

Outcomes:
The success measures of this course are:
  • Increased knowledge and understanding of the levers/drivers of law firm profitability; 
  • Increased appreciation of the frailties of the law firm model in managing cashflow; and
  • Increased understanding of the importance of effective time recording for each task and matter.

Contact us to find out more

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