Law is a business.
It is important that all lawyers in the firm have a fundamental understanding of the firm as a business entity, recognize the variables that impact the financial success of the firm, and know what they can do to contribute to the success of the firm.
This 6-module digital learning series is designed to educate your lawyers – at all levels – on the business of law and the important role they play.
Ideal for lawyers at all levels – junior, mid-level, and senior
Understand the role you play in the firm’s success.
Why is timekeeping an important responsibility for all lawyers in the firm?
How can you approach your timekeeping narratives to better convey your value?
What are the levers that affect law firm profitability?
Which of those levers are within your control?
How can you maximize your contribution to the firm’s bottom line?
What are key performance indicators and why do they matter?
What is your role in the payment collection process and why does it matter?
What are the most common law firm structures and what do you need to know to better understand and excel in your firm’s environment?
This series addresses questions such as:
Contribute meaningfully to the success of the firm.
This series includes the following SkillBursts, each running approximately 10-18 minutes in duration. Each course was designed just for law firms, can be branded to the firm, and is customizable – so you can tailor the details to the specifics of your firm’s culture, environment, and expectations.
| Timekeeping Best Practices (18 minutes) |
Timekeeping is an important responsibility of all timekeepers across our firm. As a timekeeper within the firm you are encouraged to build strong habits now related to managing and tracking your time. While keeping track of how you spend your time might sound like an administrative exercise it is anything but. In this module we’ll explore why … and provide specific practical guidance to help you establish strong timekeeping habits and implement the specific timekeeping practices and expectations of the firm. |
| Levers of Law Firm Profitability (18 minutes) |
There are several factors that impact the financial success of a firm. Some are within your individual control and others are not. Even for those that are not an awareness of these levers will help you to understand management decisions and policies and their impact. In this module we'll explore five levers of profitability: Utilization, Billing Rates, Expenses, Realization and Leverage. We'll also explore what you can do to positively impact them. |
| Maximizing Your Contribution to the Firm’s Bottom Line (11 minutes) |
Every member of our Firm from new associates to Firm leaders contributes to our success – and to the bottom line. It’s important to understand how the work we do and how we do our work contributes not just to our career growth but also to the Firm’s financial success. In this module we’ll explore what new associates can do to maximize billable hours and minimize expenses to positively impact the overall financial health of the Firm. |
| Understanding the Business of Law – Structure and Governance (14 minutes) |
It is essential for you as an associate to understand the hierarchy and decision-making processes within the Firm so you can better navigate your work environment and become an effective team member. In this module we’ll take a closer look at the most common law firm structures and explore what you need to know to better understand and excel in our Firm’s environment. |
| The Measurement of Success: Key Performance Indicators (10 minutes) |
Developing business acumen and understanding the business of law will serve you well throughout your career. It will allow you to make strategic career choices, add more value to your clients, and prepare you to take on greater and greater responsibility within the firm as your career advances. In this module we explore a valuable tool that many firms use to measure their success: key performance indicators (or KPIs for short). We explore what these indicators are, why they matter, and why measuring success is less straightforward than you might otherwise think. |
| Getting Paid: The Importance of Collections (10 minutes) |
By now you know that tracking time and billing clients is an important part of the business of law. But what happens after you’ve submitted your time and an invoice has been sent to the client? How does the firm collect? And how can you have a positive impact on the collection process? In this module we take a closer look at this crucial part of law firm success. |
Everything You Need to Understand Business of Law Fundamentals.
Series includes
6 modules designed just for law firms
Optional firm branding of each course
Optional customization of each course
Accompanying job aids or handouts with most courses
Facilitator guides so you can leverage the digital courses into expanded live, personalized training discussions
Delivery of courses as SCORM files for hosting on your LMS or through our web-based training platform
Printable certificates of completion (when hosted on our platform)
Pricing
Pricing for this pre-packaged series is based on the firm size and the duration of the subscription. Two-year and three-year subscriptions are available. The more series you license, the more you save! Contact us for limited-time preview access and a firm-specific quote today.
Optional Add-On: Custom-Developed Courses
Looking for even more to round out the Business of Law topics you provide to your lawyers and staff? Let us develop a firm-specific course – or series of courses - just for you.
Flexible Delivery Options
If you leverage our platform, we’ll provide a firm-branded, web-accessible site featuring all of the modules you’ve licensed. You’ll also have access to an easy-to-use Administrative Control Panel, through which you can easily add new users, organize them into groups, send email announcements and assignments, and run reports on usage.
User access is straightforward and intuitive. And automated reminders and reporting capabilities make administration a breeze.
And if you’ve got your own Learning Management System (LMS) that you’d prefer to host the courses on, we can accommodate that, too.
Client service is our specialty
“I have had nothing but great support from [the team]. They always turn around any requests promptly and do so with such professionalism.”
“We’ve had really great support from SkillBurst.”
“The team has been amazing.”