LFME: Financial Management

5 (4 votes)

Law firms are home to unique financial and budgeting considerations. Examine the fundamental accounting and financial management concepts essential to the legal professional, including firm business concepts and terminology applicable to professional service firms; the fundamentals of law firm financial statements, cash management, trust accounts and client costs; management and profit center reporting; alternative business entities; ownership compensation models; alternative/appropriate fee arrangements; and legal process/legal project management. 

Learning Objectives

  1. Define the core concepts associated with accounting conventions and terminology
  2. Articulate financial statement information
  3. List the critical rules related to client trust account controls
  4. Analyze ways to improve revenue and control expenses in an effort to improve profitability 
  5. Identify the advantages and disadvantages of your business entity ownership type 
  6. Determine how to more effectively align value to price and how to adopt pricing options
  7. Implement legal project and process management improvements

$209 for members and $259 for nonmembers

Available at a discounted rate as a part of a package

Key:

Complete
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LFME Financial Management Word Match
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LFME Financial Management Module 2
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Financial Management Module 2 Quiz
10 Questions  |  Unlimited attempts  |  60 minute limit  |  7/10 points to pass
10 Questions  |  Unlimited attempts  |  60 minute limit  |  7/10 points to pass
You must register to access.
LFME Financial Management Module 3
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Select the "View On-Demand Recording" button to begin.
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Financial Management Module 3 Quiz
5 Questions  |  Unlimited attempts  |  60 minute limit  |  3/5 points to pass
5 Questions  |  Unlimited attempts  |  60 minute limit  |  3/5 points to pass
You must register to access.
LFME Financial Management Module 4
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Select the "View On-Demand Recording" button to begin.
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Financial Management Module 4 Quiz
5 Questions  |  Unlimited attempts  |  60 minute limit  |  3/5 points to pass
5 Questions  |  Unlimited attempts  |  60 minute limit  |  3/5 points to pass
You must register to access.
LFME Financial Management Module 5
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Select the "View On-Demand Recording" button to begin.
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Financial Management Module 5 Quiz
5 Questions  |  Unlimited attempts  |  60 minute limit  |  3/5 points to pass
5 Questions  |  Unlimited attempts  |  60 minute limit  |  3/5 points to pass
You must register to access.
LFME Financial Management Module 6
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Select the "View On-Demand Recording" button to begin.
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Financial Management Module 6 Quiz
5 Questions  |  Unlimited attempts  |  60 minute limit  |  3/5 points to pass
5 Questions  |  Unlimited attempts  |  60 minute limit  |  3/5 points to pass
You must register to access.
LFME Financial Management Module 7
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Select the "View On-Demand Recording" button to begin.
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Financial Management Module 7 Quiz
5 Questions  |  Unlimited attempts  |  60 minute limit  |  3/5 points to pass
5 Questions  |  Unlimited attempts  |  60 minute limit  |  3/5 points to pass
You must register to access.
Certificate of Completion
1.00 CLM credit unit credit  |  Certificate available
1.00 CLM credit unit credit  |  Certificate available
You must register to access.

Successful completion of this course provides 1 hour of credit for the CLM. It can be applied in either of the following ways:

1-hour CLM application credit for functional specialists in Financial Management
1-hour CLM recertification credit for Financial Management