Financial Management under the LSA
Venue: Holborn Bars
|Event Date/Time: Jul 22, 2010||End Date/Time: Jul 22, 2010|
This masterclass is designed to help delegates:
â€¢ Analyse their firmâ€™s financial performance post LSA
â€¢ Understand how to determine breakeven hourly rates and set minimum fees
â€¢ Assess how their firm might look to an external investor
â€¢ Build financial strength
Andrew Otterburn has advised around 250 firms on their management and profitability. Author of â€œProfitability & Law Firm Managementâ€ (Law Society 2007), his new book, â€œFrom Recession to Upturn â€“ financial management and strategy for law firmsâ€, was published by the Law Society in July 2009. He is a member of the Executive Committee of the Law Management Section, a founding member of the Law Consultancy Network, and a core MBA faculty member and module leader for the Nottingham Law School MBA in Legal Practice.
The introduction of ABSs in 2011 will increase the competitive pressure on firms at a time when most have yet to emerge fully from the recession. The firms that will succeed in the new market will be ones that have clear and distinct market positions and effective financial management. This masterclass is designed to equip delegates with the skills they will need to successfully strengthen their firmâ€™s financial management in the new environment they will face in 2011.