How Law Firms Make Money
Learn why every hour worked does not necessarily mean the firm makes money.
The course covers the kinds of expenses law firms have in addition to lawyers, some basic accounting concepts, and how profits are distributed.
Curriculum
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2
Income (15 min)
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Overview on How Law Firms Make Money
FREE PREVIEW -
Income - Basic vocabulary
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Income - Pre-bill write-offs
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Income - From invoice to collected fees
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3
Expenses (15 min)
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Expenses - People costs
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Expenses - All other costs
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4
Profits (12 min)
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Profits: How they are computed and distributed
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Design a Customized Course
Unique workshop format
The course content is relevant for lawyers at all levels - from new associate to seasoned partner - and allied professionals in law firms and legal operations roles.
In our workshops we adapt the material to show specifically how your firm makes money, and what everyone can do to maintain and propel the profitability of the law firm.
In our workshops we adapt the material to show specifically how your firm makes money, and what everyone can do to maintain and propel the profitability of the law firm.