Law Firm Financial Management – Tips for Success

Date: Oct 8, 2024 12:00 p.m. – 2:00 p.m.

Location: Online

Member Price: $143

Non-Member Price: $179

Event Code: I036224

Areas of Law: For All Attorneys

Earn up to 2.4 credits! (More Information)

Faculty

Keynote

Moderator

Presenters

Joseph Novello, CPA, MBA
The Financial Training Organization, Metuchen

It’s fall! For many in the legal profession, the new year starts in autumn. Trials rev up, colleagues are back from vacation and the phone starts ringing more with new matters. This is the perfect time to reassess your law firm finances – are you being as efficient as you can in a way that reduces spending and increases profit? Help to put your firm on the path to sustainable growth and success by attending this seminar on law firm financial management.

Join Joe Novello, a CPA with an MBA in Finance, as he presents a seminar that will help you take charge of your firm’s financial well-being.

Topics to be discussed include: 

  • Ways to improve cash flow and collections to generate more cash for your law firm
  • How to use your firm’s income statement as an important financial tool in expense and revenue management rather than just a bookkeeping exercise
  • How to analyze costs and minimize risks
  • Learn about financial fraud warning signs and how it can be prevented it at your firm and at your client’s firm
  • Discover ways to easily monitor financial performance so that you can quickly find and correct problems
  • Gain a comprehensive understanding on how to better evaluate and set billing rates
  • Receive guidance on how to work with your CPA to help you achieve your goals
  • The 4 steps key in the financial planning process
  • The difference between cash flow vs income and what you can learn from each
  • Capital budgeting tools – how to reinvest in yourself and your business

CLE Credits
NJ CLE:NJ CLE information: This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 2.4 hours of total CLE credit (Full Credits Available: CPE Finance: 2.0, NJ General: 2.4).
NY CLE (t&nt):NY Practice Management Transitional: 2.0
PA CLE:PA Substantive Credit: 2.0
New: No PACLE fee is required for this program. To earn PA CLE credits, a valid PA Bar ID number must be entered into the CLE form provided after attending the program.

Important Information About Our Events, Meetings, and More:
To secure your spot and receive important updates about our events, meetings, and other gatherings, such as schedule changes, remember to register in advance.

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If you need to cancel your registration and are not transferring to another program or date, please submit a written request to us at least three business days before the event, meeting, or gathering. You will receive a refund minus a $20.00 cancellation fee. No refunds or registration changes will be issued within three business days of the event, meeting, or gathering.

Stay Informed:
Registered participants will be notified of any schedule changes. For updates regarding inclement weather, please check your email or visit NJSBA.com.

Media Consent:
By participating in our events, meetings, or other gatherings, you agree to be photographed and/or recorded. Additionally, all media content captured during these gatherings will become the property of NJSBA. This content, including your image and name, may be used in our future promotional materials without additional consent or compensation.

Scholarship & Financial Assistance Policy:
Read our Scholarship & Financial Assistance Policy and submit an Application here: https://njsba.com/njicle/cle-programs/scholarship/

 

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