Fee Earner

Finance Training

Why is finance training needed in a  law firm?

1. Because some lawyers still struggle

    with completing their time records

    on a daily basis and don't get why

    it is so important

2. Because in these trading conditions

    timely billing of clients is essential to support cash flow

3. Because accurate invoices are required to ensure prompt payment

4. Because as business advisors lawyers should know at least the basics of

    Cash Flow, Profit & Loss statements and Balance Sheets

5. And because keeping the finance department happy thus making for a

    quieter life

Making finance fun - the ITD approach

This can be a very dull subject for those of us not excited by the words accruals, budget codes or

That's why we have designed a simple and fun game to bring all these exciting ideas to life. Through the session every 20 minutes or so we take time to enter the game, which is competitive with lawyer pitched against lawyer, has specific objectives dependant on your needs and allows the lawyers to put financial terms into practice.

CASE STUDY

A firm contacted us with a need for finance training.

There were two pressing needs:

1. For lawyers to issue more timely bills to clients

2. For lawyers to have a better understanding of business finance to make 

    them more rounded or complete business advisors

We discussed these needs both with the training people and then senior partners to get their perspective and to ensure they would follow up on the training. We also spoke with senior financial people in the firm to get a better understanding of the needs from their view and to understand the internal system requirements for time recording and billing.

We designed a half day and full day proposal based on the ITD business game. This business game makes the session fun, interactive and a potentially dry subject come to life.

The training was piloted by a group of senior lawyers in its half day format and received fabulous feedback.

the programme was rolled out to all fee earners in either its half day or full day format dependant on the lawyers experience.

This development of finance training can be totally adapted and designed according to the needs of your firm..

For an initial discussion on Finance Training at your firm please email us at info@itd.com or call 0870 777 6734

What the clients say:

"Great fun and great learning"

"We got superb feedback from all the lawyers, which is amazing for this subject"