A selection of financial law firm practice management courses in law firm accounting and financial management.
Obviously, law firms need to make a profit, but they must also comply with mandatory outcomes and "sound financial management," so effective client fee management is essential to ensure both increased turnover and profitability.
The law and finance courses within this section are ideal for those who would like a greater understanding of the commercial, organisational and financial context in which they work, in line with criteria D3 of the competence statement.
It is essential that practitioners can calculate and manage costs and bill clients effectively. For those who feel they need to improve their performance in this area, our legal billing training course Billing and Fees – Managing Financial Arrangements with Clients will impart practical tips which viewers can use when quoting prices, and at the billing stage, and which can be applied to all client dealings. Consideration will also be given to the pros and cons of quotes versus estimates and fixed costs versus no fixed costs
For managers, partners and practice managers who are concerned which the challenges facing the legal profession such as the downturn in legal aid and competition in general, the more advanced legal finance course, Practical Costs Management in Your Profitable Practice will offer useful insights and practical guidance on how viewers can meet these issues head on and increase profitability, through successful law firm financial management.
According to the SRA, the misuse of client money is one of the biggest regulatory risks within the legal sector. To address this concern, Katie Jackson’s aptly titled Holding Client Money course is perfect for legal compliance staff seeking a client money training course which will detail the practicalities and pros and cons of holding client money.
For those seeking to maintain their knowledge and competence in respect of the rules of professional conduct in accounting and financial matters, we do offer a selection of SRA Accounts Rules training; introductory session Solicitors Accounts Rules - Essential Summary is suitable for employees of all levels whilst SRA Accounts Rules 2. Common Breaches and Problem Areas is ideal for law firm compliance officers and those looking to obtain a more detailed understanding of some of the typical problem areas of compliance with the SRA Accounts Rules. Described as “Excellent and clearly presented”, this 5-star rated Solicitors Accounts Rules course has been delivered by Tracey Calvert, former member of the ethics policy team which drafted the SRA Handbook and director of Oakalls Consultancy Ltd.
Keywords: Legal finance courses, Financial law courses
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