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English arrow For Law Firms arrow Firm & Practice Management arrow Law Firm Economics 101: How to Manage Law Firm Profits and Assets

Law Firm Economics 101: How to Manage Law Firm Profits and Assets

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Price: $50.00 -
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Course #: ENFM0007R


Starting with a basic overview of the economic aspects of running a law practice, this Webinar will delve into successful strategies for managing both short-term and long-term profitability.  The discussion will focus on efficient utilization of the law firm’s most important asset – the time of its people.  It will also cover economic pricing theory, as applied to professional services and how theory might drive pricing and business development strategies. 


We will also cover such questions as:


  • “If growth is supposed to make us more profitable, why are we losing money?”
  • “What is ‘phantom income’ and why should we be concerned about it?
  • “Why should our firm require partners to make and sustain contributed capital?


Who should attend?

This webinar is directed at law firm managers who have a basic grasp on law firm finances, but who would like a more comprehensive context within which to apply their basic knowledge.  People with little or no financial management background will also benefit from this webinar.


What you will receive:

Comprehensive set of PowerPoint slides and related articles and monographs.

Recorded: 03/18/08


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