A complimentary online program produced by The Florida Bar Practice Resource Institute (PRI). For additional information on PRI programs and services, please visit www.floridabar.org/PRI .
This on-demand, online/downloadable presentation is sponsored by Florida Lawyers Mutual Insurance Company (FLMIC), please check them out at www.flmic.com .
CLE Credit Information: This course has been approved for continuing legal education credit under the plan(s) and in the following area(s): 2.0 General CLER Credits.
About this Seminar
This 2-hour introductory-level program helps lawyers, law firm support staff, and non-financial law firm managers raise their awareness of law firm economics and financial management. Law schools and paralegal schools do not teach financial management skills. Consequently, many lawyers and paralegals lack the financial management skills to prepare and manage case budgets, and to understand and analyze clients’ financial information. Lawyers establishing a new law practice need to understand financial reports to manage firm finances and daily operations. As lawyers strive to balance firm management with active caseloads, there is a greater need to understand financial information, particularly the balance sheet, profit and loss statement, owner’s equity statement, and cash flow statement. Decisions made without properly understanding the underlying financial implications may lead to reduced earnings (or even losses), layoffs, dissolutions, and improper client intake procedures.