Financial Management Masterclass for Law Firms

This programme examines in depth the key financial management issues for law firms and how those issues relate to performance management, with a view to offering solutions.

The programme will include:

• Identifying your priority financial challenges
• Understanding the key financial information you will need to manage a law firm effectively and profitably - and how to avoid financial information overload
• Maximising your cash flow - cutting edge techniques for cash management including how to construct cash generation plans
• Building profitability and PEP - how to put together a realistic profit generation plan to enable you to retain and recruit the best, and how to use financial analysis to measure the comparative profitability of each part of a firm
• Making the link between financial performance and effective management of partners, including the use of reward strategies and sanctions
• Constructing financial action plans to make a difference

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

Course Dates

17/10/2012 Newcastle-Upon-Tyne

09:30 - 17:00 Venue Information

Peter Scott 
was for eight years the Managing Partner of Eversheds London and European offices. He acts as an advisor and coach to many law firms in relation to their strategic, financial, performance, management and risks/compliance issues. Peter is Editor of Practice Management Handbook (Law Society) and a member of the Editorial board of the Legal Compliance Bulletin (Law Society).