Financial Health In Small-Medium Law Firms Is Not Merely An Aspiration…It’s A Necessity!
Rob Knowsley
11,345+ Followers...36+ years guiding intelligent lawyers in being professionally practise-smart. Managing Partner at Knowsley Management Services.
Robservation…
Structuring and operating for financial health must be seen as a non-negotiable approach for creating and maintaining an environment that:
·????? Uses strategies and processes consistently to avoid the traditionally “normal” wild swings in law firm liquidity…
…and, as a result,
·????? minimises stress for all.
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Achieving and maintaining practice financial health is of practical importance to ALL the firm’s stakeholders…
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It underpins an ability to consistently deliver excellent services.
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It allows constant scope to develop the firm’s range of services as appropriate, and to promptly adapt to marketplace developments.
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Marketplace developments can be “creeping” but inexorable, or can be sudden jolts, such as the Global Financial Crisis or the Covid-19 Pandemic…
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With all-too-common over-reaction they can also be self-inflicted panicky responses to local recessions!
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It contributes to owner well-being by minimising ownership stress…
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The stress inherent in running many legal matters at once well is enough stress for any reasonable practitioner!
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It ensures proper resources (and particularly suitable human resources) can be invested in to avoid owners being stretched too thin managing the combined workload of practice management and client matters…
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Reduced stress usually allows owners to focus effectively on day-to-day management within their roles (including the supervision of non-lawyer managers), plan for the future, and ensure appropriate practice development opportunities are consistently taken…
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It also reduces professional indemnity risk…
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To assist practitioners to focus on practical ways of dealing with the key issues, I’m delivering an important webinar on Thursday 23 May, from 2.30pm-4pm NZT.
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领英推荐
Legal Practice Financial Health 2024-Part 2 Advanced.
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Register here:
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DESCRIPTION
Note: this webinar is the second of a 2-part series. You can save 10% by purchasing both webinars together. The first webinar recording is of course part of the package.
This practical webinar which follows on from the Introductory part 1 will dig deeper into key issues affecting profitability for small to medium law firms.
The introductory level webinar covered what previous attendees described as, “A whole lot of good material. A lot of food for thought”, with “Good examples to back up Rob’s points”.
In this advanced presentation we will look at:
This webinar is presented in conjunction with CCH Learning NZ.
An Introductory version of the webinar was described by an attendee as, “The best/most useful/thought-provoking webinar I’ve been in for a long while”!
LEARNING OUTCOMES…
Freshly focused understanding of the wide benefits of financial health in the small-medium practice, and what reasonable profit in the small to medium law firm should look like.
How to go about ensuring the key elements are consistently properly dealt with to ensure proper profit returns from a well-run practice, after proper commercial salaries of working owners are considered.
Attendees will have a significantly improved understanding of:
SUITED TO…
Legal Profession...all levels of owner, manager, and lawyer with the necessity of making their practices more businesslike and financially healthy, fully underpinning the professionalism desired, and expected and valued by clients.
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Register here:
My teaching, mentoring, and training platform is?LearnDesk
Recorded webinars, live webinars, practice management resources, start-up support, mentoring, useful planning documents, regular live video calls, all channelling long and deep experience supporting your practising success.
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