2021 FM Package

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  • Registration Closed

This package provides access to FM 1 & FM 2. Completing the FM 1 and FM 2 courses and passing the certificate exam will help you deepen your knowledge about law firm finances, ensure your achievement of the learning objectives, and give you a credential that sets you apart. Learn more about the Legal Management Specialist Certificate which you can earn here

$999 for members and $1249 for nonmembers

  • FM 2: Financial Information & Analysis (October 12 - November 16, 2021)

    Product not yet rated Contains 30 Component(s), Includes Credits Includes Multiple Live Events. The next is on 10/12/2021 at 1:30 PM (CDT)

    Do the complexities of financial information and analysis keeping you up at night? This interactive, online program will focus on the budgeting, financial reporting, analysis of cash flow, model building, and variance within a law firm. You will be guided to apply the skills gained in the course by interpreting financial statements, calculating and interpreting various financial ratios, conducting profit analyses, and analyzing comparative financial information across fiscal years. Case studies, lectures, videos, readings, and assessments will be used. Topics include automated financial management systems, alternative fee arrangements, financial controls, computer-based tools for financial analysis and management, client matter budgeting, and electronic billing.

    Do the complexities of financial information and analysis keep you up at night? This interactive, online program will focus on the budgeting, financial reporting, analysis of cash flow, model building, and variance within a law firm. You will be guided to apply the skills gained in the course by interpreting financial statements, calculating and interpreting various financial ratios, conducting profit analyses, and analyzing comparative financial information across fiscal years. Case studies, lectures, videos, readings, and assessments will be used. Topics include automated financial management systems, alternative fee arrangements, financial controls, computer-based tools for financial analysis and management, client matter budgeting, and electronic billing. The following is an outline of the topics:

    • Week 1: Automated Systems
    • Week 2: Financial Methods & Investments
    • Week 3: Financial Analysis Methods
    • Week 4: Budgeting & Variance Analysis
    • Week 5: AFAs
    • Week 6: e-Tools & Billing

     The live lessons will be held on Tuesdays from 1:30-2:30 p.m. Central Time. These lessons will also be recorded for on-demand access.

    $549 for members and $679 for nonmembers

    Available at a discounted rate as a part of a package

    Audience Level

    Intermediate

    Course Textbook

    A textbook is NOT required for this course. All reading materials will be provided.

    Cancellation Policy

    All cancellations must be made in writing and submitted via email to elearning@alanet.org. The following cancellation fee scales will apply:

    • After registration but prior to 50% penalty date: $125 fee
    • Four weeks before start of the course: 50% of fee paid
    • Two weeks before the start of the course and thereafter: No refund 

    Completing both FM 1 and FM 2 courses gives you access to the Legal Management Finance Specialist Certificate Program

    CLM Credits

    Meet minimum course requirements and earn 6 hours of credit towards your CLM application or recertification requirements:

    • Functional Specialists: 18 hours in Financial Management
    • CLM Recertification: 18 hours in Financial Management

    Course Requirements

    Each course has a start and end date. To receive the course completion certificate and CLM credits, all weekly assignments must be completed and quizzes passed with a score of 70% or higher by the last day of the course.

    Lisa A. Waligorski, CLM (Moderator)

    Lisa Waligorski, CLM is the Executive Director at Newmeyer & Dillion, LLP. She started her career in a legal assistant/paralegal role, and the past 20+ years have been spent in either an Executive Director or Director of Finance/Controller role.  Her education and background provide experience and knowledge in developing and implementing strategic initiatives, and overseeing organizational operations, finance, human resources, facilities, information technology, and marketing & business development.  Lisa has been a speaker on both law firm accounting and human resources topics.  She has also been an ALA e-learning Law Firm Accounting and Financial Information & Analysis instructor for the past five years.  

  • Legal Management FM Specialist Certificate Exam

    Contains 2 Component(s)

    Completing the FM 1 and FM 2 courses and passing the certificate exam will help you deepen your knowledge about law firm finances, ensure your achievement of the learning objectives, and give you a credential that sets you apart.

    Completing the FM 1 and FM 2 courses and passing the certificate exam will help you deepen your knowledge about law firm finances, ensure your achievement of the learning objectives, and give you a credential that sets you apart. Learn more about the Legal Management Specialist Certificates here.

    Instructions

    • Pass this exam with a 70% or higher in order to receive the Legal Management FM Specialist Certificate. 
    • While you are not timed, the exam must be completed in a single sitting. If your computer times out from inactivity, your responses will not be saved. 
    • Correct answers will not be shared afterward. You will only be able to view your score. 
    • If you do not pass the exam, a page will display with directions describing how to retake the exam. Since the exam can only be retaken once, please take time to review the materials from both FM courses as the questions on this exam are only based on items covered in those courses.