Finance for the Non-Financial Administrator (FM)

This program will provide you with a basic understanding of the significant drivers of law firm finance and profitability. In addition, the speaker will review key financial statements and how these statements are linked to each other.

Attendees will learn:

• The five key financial indicators for their firms and how to benchmark against them
• The various financial reports that must be produced every month
• How to create a meaningful budget
• The difference between profits and partner compensation
• The importance of maintaining adequate capital

Speaker:

Stephen (Pete) M. Peterson is the CEO of the accounting and advisory firm Maxfield Peterson, PC and the Managing Director of the firm’s specialty practice, the Law Firm Business Institute. He counsels firms on strategy, mergers and acquisitions, compensation, and profitability improvement. Peterson formerly served as the COO of Hildebrandt International.

Finance for the Non-Financial Administrator

Individual topic purchase: Selected