This is a comprehensive two day Master Class in law firm management, which will provide essential training in the core management areas of legal practice and will satisfy the requirements of the new Solicitors Regulation Authority Code of Conduct, Section 2, Chapter 7, for those requiring 12 hours’ management training in order to supervise a practice. It is suitable for partners and other senior lawyers with a management role in their firms, non-lawyer managers in legal practice, and those seeking to set up their own practices.
The course will be delivered in four half-day sessions, which include practical case studies and discussion groups, over a two-day period. It is presented by CLT's highly experienced speakers in law firm management, many of whom have held senior management positions in law firms.
Session 1: Law firm strategy
- * Understanding the need for planning in law firms
- Strategic Options for law firms
- Getting down to the strategic plan: what needs to be covered - the six principle elements
- Business planning for firms, departments and individuals
- Implementation: turning the dreams into reality
Session 2: Profiting from practice: financial management
- * Back to basics: how do law firms make money
- Understanding and reviewing financial information
- Cost control: effective budgeting
- Cracking the WIP: increasing the productivity of fee-earners
- Decreasing lock-up: better billing and effective debtor management
Session 3: Getting the best out of people
- * Management styles: identifying the differences
- Reviewing the impact of managers and leaders on achieving organisation objectives
- People challenges and how to manage them
- Motivation and its part in an organisation's success
- Key tools to assist managers
Session 4: Leadership, risk and compliance management
- * Leadership
- Culture - managing the issues
- Risk management - the challenges to leadership
- Compliance - practical issues to consider
- Change management - getting to where you want to be
The new SRA Code of Conduct in Chapter 7 makes the effective management and supervision of a firm a matter of professional conduct. This requires partners to be able to demonstrate that their firms have effective systems and controls in place to achieve and comply with every requirement of the new SRA Handbook. This course will help you meet this requirement