This seminar will give the solo or small law firm insight into its financial management and provide simple, yet powerful tools to obtain its goals. Case studies and examples are used throughout the seminar to provide easy to understand illustrations. Topics will include:
- How to use your firm’s income statement as an important financial tool
- The 4 steps in the financial planning process
- Revenue planning and setting billing rates
- Analysis of costs and how to minimize risks
- Cash flow vs income
- Capital budgeting tools
- Important metrics to monitor financial performance
- The operating cycle and how to monitor and improve cash flow
Joseph Novello, CPA, MBA