Understanding finance in law firms

Sound financial management is now mandatory! It is the day to day actions of fee earners that have the greatest impact on the profitability and cash flow of law firms; if those fee earners aren’t aware of the implications of their actions, how can the law firm expect to have a positive financial position?”

Understanding finance is a pre-requisite to achieving sound financial management and financial stability. This understanding is required by everybody that has any impact on the workflow, billing and cash flow cycle of a law firm.

That includes fee earners and partners as well as managing partners, heads of finance and the cashier/credit teams.

  • Understanding the working capital cycle
  • Understanding WIP, debtors and lock up
  • Understanding how processes impact cash flow
  • Understanding key performance indicators and financial danger signals
  • Steps to ensure compliance
  • Steps to maximise profitability and cash flow

Speakers

Peter Scott, Peter Scott Consulting and Andy Poole, Legal Sector Partner, Armstrong Watson

This course will be awarded three CPD points.


Date & Time

Date: Tuesday, 20th January 2015
Time: 13:15 - 16:15


Registration details

The cost will be £145+VAT per delegate. To book on the seminar please contact info@leedslawsociety.org.uk
 


Address

University of Law
15-16 Park Row
Leeds
LS1 5HD

Get in touch

To find out more about how we can help you or your business, call us on 0808 144 5575 and speak to a member of our team. Alternatively use our contact form to send us a message or arrange a callback.

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Armstrong Watson LLP is a limited liability partnership registered in England and Wales, number OC415608. The registered office is 15 Victoria Place, Carlisle, CA1 1EW where a list of members is kept. Armstrong Watson Accountants, Business & Financial Advisers is a trading style of Armstrong Watson LLP. Armstrong Watson LLP is regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities.

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