About the Program
This program examines law firm profitability as a core component of professional responsibility and effective law practice management. While many law firms focus primarily on increasing revenue or growth, sustainable profitability is more often driven by disciplined cash flow systems, informed financial decision-making, effective supervision, and intentional leadership practices.
Participants will explore how cash flow challenges can impact judgment, staffing, supervision, and long-term firm stability, and how a structured approach to financial management can support lawyers’ duties of competence, diligence, and fiduciary stewardship.
The program introduces four interconnected disciplines – systems, numbers, teamwork, and leadership – and demonstrates how each contributes to improved financial control, and reduced operational risk, and more consistent compliance with professional obligations.
You Will Learn
- How to recognize the importance of a cash flow system that supports sustainable profitability and responsible firm management.
- How to identify four core drivers of ethical law firm profitability and the standards associated with each.
- How to reframe law firm profitability as a practice management, leadership, and professional responsibility issue rather than simply a revenue-generation goal.
- How to describe the principles of open-book management and its relationship to accountability, supervision, and decision-making.
- To understand the role of intentional thinking time in effective leadership and long-term risk management.
Who Should Attend
Law firm owners, managing partners, solo/small practitioners, and other legal professionals seeking practical strategies to improve firm sustainability, profitability, reduce operational risk, and support long-term client service.
Cost
(Includes electronic materials)
YLS and Solo/Small Section Member $30
Member $40
CLE Pass Holder $0 (you must have purchased the CLE Pass to register as a CLE Pass Holder)
Student Member $0
Non-Member $80
Please log into you account to receive CBA member pricing.
Financial hardship information is available upon request.