With key developments in the legal sector, such as new entrants to the market, it is a fair claim that the legal industry is undergoing a veritable revolution. With this in mind, it is crucial that law firms are able to remain alert to changes, and respond accordingly. Our Legal Practice Management webinars are researched with, and designed for, those who are tasked with driving the strategic direction of law firms in these changing times.
Each session is presented by a panel of industry experts, each of whom has significant practical expertise in managing a law firm. They will be looking into key topics which include restructuring, innovation, financial strategy, as well as areas of key immediate concern, such as the introduction of Alternative Fee Structures.
Forthcoming Webinars
Here is the schedule of forthcoming webinars for this practice area.
On Demand Webinars
Here is a list of previously broadcast webinars that are now available on demand.
4th Jul 2012 12:30
Differentiation, lead generation and promoting your brand
It is with much regret that we have to reschedule this webinar due to speaker unavailability and we therefore feel that we cannot deliver the content of the webinar as advertised. The webinar will be rescheduled to 12.30 on 4th July 2012. We are extremely sorry for any inconvenience this may cause.
With the advent of ABSs, competition in the legal market place will become even fiercer. To maintain and grow your market share, it is imperative that you differentiate your firm from the competition. This timely webinar examine how you can promote your firm in this challenging market and utilise social media to promote your practice.
• How do you stand out? Who are the winners?
• Marketing and website activity
• How to promote the practice
• Advantages over competitors
• Social media management – practical steps and examples of successful social media strategems
• Marketing your firm within a stagnant market
26th Sep 2012 12:30
Financial management of practices and relationships with banks
In today’s economic climate, ensuring effective and efficient financial management of your practice is essential for the success of your firm. Maintaining financial hygiene, securing sources of funding and building good relationships with banks all play their part in ensuring your practice’s continued profitability.
Our expert panel of speakers will discuss these issues and offer practical, hands-on advice on how best to financially manage your firm and how to deal with banks.
Please note that this webinar has been moved from 7th September 2012 to 26th September 2012 due to speaker unavailability.
This webinar will cover:
• Financial Hygiene
• Managing cash flow
• Sources of funding
• What do bankers look for?
5th Oct 2012 12:30
Developing a diverse partnership
This webinar will cover:
•Encouraging aspiration and social mobility
•Recruiting diverse talent
•Retaining difference
•Promoting those from diverse backgrounds
8th Nov 2012 12:30
Alternative Business Structures - a year on
The introduction of Alternative Business Structures (ABS), as outlined by the Legal Services Act 2010, paved the way for legal service providers to break away from the historical constraints traditionally placed on running a legal practice. The provisions of ABS allowed for the first time, the operation of a range of business models, including allowing non-solicitor partners and the ability to work in partnership with other professionals in multi-disciplinary practices (MDPs).
One year after the introduction of ABS, the effects are beginning to show and many are starting to take advantage of the increased choice and flexibility available to those running law firms. This webinar will examine the key happenings over the last year in relation to ABS including a look at emerging legal business structures.
This webinar will cover:
• What has happened in the last year
• Emerging business models
• Key lessons so far
21st Jan 2013 12:30
COLPs and COFAs
The introduction of COLPs and COFAs by the SRA is intended to create a culture of compliance, playing a strategic role in the ultimate objective of outcomes-focused regulation. Understanding the key responsibilities of a COLP or COFA is crucial, as is the utilisation of the support network available.
Our expert speakers will provide a key analysis of the SRA introduction of COLPs and COFAs, with a key focus on risk, the core duties and responsibilities, as well any practical issues which may arise.
This webinar will cover:
• Who or what is a COFA?
• Duties and responsibilities of COFA
• Practical issues
• Entity based regulation – who is ultimately responsible?
• Approach to risk – risk framework and risk index
• Support available to COLPs and COFAs
• What is a material breach?
• When to report?
• Core duties
• Compliance plan
o Do you need one?
o Different approaches
o Top 10 priorities
8th Mar 2013 12:30
Examining the role of partners as employees
This webinar will cover:
• Distinguishing partners and members from employees
• Distinguishing partners from employees
• Winkelhof and Tiffin cases
• Partners/LLP members’ statutory ‘employment’ rights
• Partners/LLP members contractual ‘employment’ rights
• Partners/LLP members fiduciary obligations
• Remuneration
• Expulsion/compulsory retirement
29th Apr 2013 12:30
Financial strategy and alternative fee structures
This webinar will cover:
• Remuneration
• Increasing efficiency through operating costs
• Partner profit-sharing/equity structures
• Value-based feed and alternative fee structures
• Implementing a robust and compliant ‘purchase to pay’ cycle
14th May 2013 12:30
How to manage partners moving firms
This webinar will cover:
• How to stop the moves
• How to react to moves
• The enforceability of restrictive covenants
• How to replenish the partnership
14th Jun 2013 12:30
Achieving growth through mergers and the restructuring of law firms
This webinar will cover:
• Ten key issues in considering merging with another practice
• Addressing potential barriers such as falling PEP or concealed losses
• The importance of healthy cash flow and profits in a merger or acquisition
• Valuation of practices on sale to competitors, retirement or purchase from the administrator
• TUPE rules when merging practices
