This program will help legal management professionals enhance their bottom line. Lawyers often make arrangements with clients to get their business with little knowledge of the cost or profitability of the specific engagement. The use of prospective matter budgeting can create a competitive advantage to offer more value to clients. The use of forensic matter budgeting can be used to identify why specific fee arrangements are more profitable than others. The discussion will also review a matrix of implementation issues including cost analysis, labor utilization and process efficiency. 

Objectives: 

  • Identify various alternative billing arrangements. 
  • Discuss methods of implementation and how to evaluate options. 

  • Review strategies for effective cost measurement, analysis and matter budgets. 

  • Recognize profit patterns and possible planning scenarios. 

Other Information: 

  • 60 Minutes 

  • Audience: Intermediate 

  • CLM Application Eligible: No 

  • CLM App Management Category -FS: Financial Management 

  • CLM Recertification Eligible: Yes 

  • CLE: Participatory Credit 

Speaker: 

Michael Moore, JD, is the Founder of Moore's Law, LLC, and helps both lawyers and law firms create professional success. Moore specializes in individual marketing, client development and leadership coaching and advises law firms on strategic planning, growth initiatives and resource optimization. A frequent speaker at ALA events across the country, his current topics have included mentoring, leadership, financial management and strategic planning. 

Live Webcast Information
Start Time:
June 17, 2020 3:00 PM Eastern
2:00 PM Central, 1:00 PM Mountain, 12:00 PM Pacific
Add to Calendar:
Estimated Length:
1 hour
Registration Time Remaining:
189 days, 1 hour
ALA Member Price:
$109.00
Non-Member Price:
$129.00
Profit Patterns: Using Matter Budgeting and Alternative Fees to Increase Profits
Individual topic purchase: Selected
Subscription
You must be logged in to access ALA Subscriptions.
To continue, you need to log in to Peach New Media. If you have any questions about your account please contact us at 1-866-702-3278.
Email Address:
Password:
Products
Webinar (Live) + On-Demand (Recording)
ALA Member Price:$109.00
Non-Member Price:$129.00
On-Demand (Recording)
ALA Member Price:$109.00
Non-Member Price:$129.00