Course description
Most law firms want to grow but it can be difficult not to become a victim of your own success. Whilst instinct may lead you to hire more employees this is not always the most effective way for a company to grow and it can even be damaging to cashflow if the growth is not managed, or funded, properly.
Richard Wyatt presents this comprehensive and informative webinar that explores the ways in which your firm can generate more money while undergoing growth. It will focus on hiring staff, mergers, staff bonus schemes, newer law firm models such as “fractional firms” and much more.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
Nearly all firms want to grow but how to increase the size of the firm can be challenging.
A normal response is to increase the number of people but it is not always the most effective or cash-generative way to grow. In fact, it can be damaging to cashflow, if it is not handled or funded appropriately.
Delivered by law firm finances expert Richard Wyatt, this webinar will explore the ways in which your firm can generate more money, while undergoing growth, one of the most cash-hungry phases of any firm and will consider the following:
- Growing the firm - more people
- Growing the firm - mergers
- Staff bonus schemes
- Partner & other owners reward schemes
- Newer law firm models - ‘fractional firms’
What You Will Learn
This webinar will cover the following:
- How to increase the numbers of fee earners while preserving cashflow
- The key financial issues concerning mergers
- How better reward schemes for partners and staff can generate more income and cash, without increasing costs
- Other law firm models that might be attractive to fee earners and protect your cashflow
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...