Understanding Finance in Law Firms - CPD Training Course

Morning session 9:30 - 12:30
SRA Accounts Rules 2011

COFAs have recently taken their new appointments; they are required to have a detailed knowledge of the Accounts Rules. It is also vital for partners, fee earners and accounts staff to remain fully up to date. The course aims to improve efficiency, cashflow and profitability and will cover:

  • An overview of the 2011 Rules
  • What COFAs should be looking for
  • The recent changes to the Rules
  • Advice on how to comply with the rules in a practical manner, the necessary systems to implement and how fee earners should work effectively with accounts staff
  • Common breaches and how to avoid them
  • What the reporting accountant and the SRA will be looking for
  • How to make your reporting accountant's visit go smoothly, efficiently and add value to your business

Speaker: Andy Poole, Legal Sector Director at Armstrong Watson
For more information on Andy click here

Afternoon session 1:30 - 4:30
Understanding finance in law firms

Sound financial management is now mandatory!

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 Director, Armstrong Watson

For more information on Peter click here.
For more information on Andy click here.


Date & Time

Date: Monday, 7th April 2014
Time: 9.30 - 12.30 and 1.30 - 4.30


Address

Carlisle Racecourse
Durdar Road
Carlisle
CA2 4TS