Accounting, often seen as a pitfall among running businesses, even by the most proficient lawyers, contributes significantly to the successful financial performance of law firms. Being able to navigate this perceived impediment can powerfully elevate your law firm’s financial effectiveness.
For legal professionals interested in maximizing their firm’s ROI and dodging common accounting pitfalls typical for small law firms, the roadmap to success encapsulates more than just the basics of accounting management. Aiming towards the comprehensive understanding of business operation and leveraging the potential of accounting to improve billable hours can indeed make you a better lawyer.
In an upcoming webinar hosted by Pilot on April 10 at 10 a.m. Pacific / 1 p.m. Eastern, these accounting challenges typically faced by law firms will be dissected and solutions will be discussed.
Structured around the experience gathered from their clientele, the discussion shall invest in providing specific, actionable tips to improve your firm’s profitability. Some of the core topics to anticipate would be:
- Forecasting law firm cash flow
- Strategizing partner compensations
- Understanding headcount planning & utilization
The lineup of speakers driving this highly informative webinar includes Cole Levin – Professional Services Lead, CFO Services, Pilot; Jake Fohn – Head of Growth, Pilot and Jared Correia of Red Cave Consulting. So, keep your calendars flagged for a substantial discussion on financial strategies to uplift your law firm’s performance.
Register for the CLE-eligible webinar to learn tactical strategies that could potentially transform your law firm into a more profitable enterprise.