This masterclass for is designed for Managing Partners, Finance Directors and others who have management roles in law firms, to help them improve their firms’ financial performance by:



Identifying which financial information needs to be measured and reported on to achieve optimum financial results
Showing how reports can be designed to achieve maximum impact and effectiveness in order to drive desired outcomes
Devising education programmes for all levels of partners and fee earners to improve their ability to understand financial reports and enable them to take effective action



Masterclass context:



Law firms everywhere have been and are still struggling as we emerge from the deepest recession the world has experienced for generations. Maximising financial performance in order to achieve optimum profitability and cash flow from available business is a priority.



In law firms this will involve helping people in the business manage their practices in the most effective way. However, evidence suggests that many law firms are not providing their partners and fee earners with adequate financial reports to enable them to improve performance. Instead, raw financial data is often produced which partners and fee earners do not know how to interpret.



The result is that reports are ignored and no action to improve financial performance is taken.