Your Legal Management Resource Hub to FM

Featuring the following sessions from ALA's 2019 Annual Conference:

FM20: The Basics of Life in the Law Firm Accounting Lane

FM23: You Know the Numbers: So What?

FM24: Rethinking Profitability in a Changing Marketplace: Profitability, Partner Comp, Pricing

FM30: Rethinking Partner Compensation in a Changing Marketplace: Profitability, Partner Comp, Pricing

FM31: Rethinking Pricing in a Changing Marketplace; Profitability, Partner Comp, Pricing

FM32: The Performance Metrics Dashboard: A Powerful Management Tool!

Click here to purchase the conference recording bundle of FM sessions. If you attended the 2019 Annual Conference, the bundles are free to you. Log in to the ALA site to get the free package.

Did you miss ALA's 2018 Annual Conference & Expo? You can purchase conference video recordings from the event. Click here to review the recorded sessions and purchase the 2018 conference recording bundle for FM sessions. If you attended the 2018 Annual Conference, the bundles are free to you. Log in to the ALA site to get the free package.

Web-Based Courses

FM1 Course: Law Firm Accounting

Webinars

Upcoming:

Defining and Calculating Law Firm Profits

What Every Law Firm Administrator Needs to Know About Attorney Compensation Plans

Profit Patterns: Using Matter Budgeting and Alternative Fees to Increase Profits

Structuring Your Firm to Take Advantage of the New Tax Laws

On-Demand:

Continuing Education Courses

Building a Better Budget, by Travis C. Armstrong, CPA, CLM

The Risk of Idolizing False Profits, by Timothy B. Corcoran

How to Ethically Oversee Trust Accounts, by Richard Dippel, JD, MBA, CPA

7 Ways to Refine Your Billing Practices

Keeping on Track with Key Performance Indicators

The Risk of Idolizing False Profits (Get CE Credit by taking the quiz with this article)

Beyond the Billable Hour: More than ever, firms need to find creative ways to generate revenue streams. 

Is External Funding the Future of Litigation?

Getting in the Accounting Weeds: Cost accounting can help firms determine just how profitable they are.

Managing and Mitigating Financial Risks: Policies and procedures legal managers need to adopt to safeguard law firm profitability.

Podcasts

Partner Compensation with Tim Corcoran

Building and Sustaining Financial Success for Your Firm with Felix Oberholzer

Overcoming Top Compensation Issues in Law Firms with Edward Rataj, CCP, CECP

FM Reference Library

These finance articles are also available in the Online Community Reference Library. 

• ALA Presentation on Component Profitability — Excel Worksheets
• Review of Law Firm Economics 101
• Raise Your Firm Billing Structure ROI
• The Client Alternative: Tailoring Alternative Fee Arrangements to Clients' Needs
  
Budgeting Basics: How to Get Staff Buy-In — and Participation in — the Budgeting Process
• Many Happy Returns: Evaluate Your Pension Plan's Performance
  
• Pondering Profitability: Law Firms Get Innovative to Stay Ahead