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Foundations For a New Practice: Law Firm Financial Management - A Crash Course On What You Need to Get Started and Keep Afloat

Wednesday, November 14, 2012 4:00 PM to 7:00 PM
Boston Bar Association - 16 Beacon Street, Boston, MA

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*Additional fees may apply for online viewing of programs via West LegalEd. BBA Members may be eligible for a discount.


In order to finance your new endeavor, you’ll need to determine how much money to invest and how much you’ll need to keep your business afloat. This session will explore general financial aspects of running a small business such as how to draft an operating budget, effective tools to manage your firm’s financial accounts and tax planning. In addition, attorneys are subject to specific jurisdictional rules with respect to the handling of client funds. This panel will address issues when managing clients’ money and the strict compliance rules currently in place.

Topics will include:

- Personal financing and lines of credit
- Banking relationships
- Projecting start-up and continuing costs
- Law firm economics 101
- Accounting basics and projecting revenue
- Tax planning
- Selecting an entity/partnership structure
- Managing client funds

This program is part of the 'Foundations For A New Practice' CLE series.  To register for this session and the 6-part series, please SIGN UP HERE




Katherine Elmore