The Law Firm Finance Committee concerns itself with the fundamentals of law firm accounting, including maximizing law firm financial reports, developing programs to improve law firm profitability, utilization of operating statistics as a management tool, developing risk management policies, designing attorney compensation programs, addressing retirement options, and establishing a long-range law firm financial planning.
Law Firm Finance
The Law Firm Finance Committee of the Law Practice Division reviews market trends, revenue, and profitability issues for law firms, capital structure, buy in obligations and withdrawal entitlements, retirement and succession planning, client drivers, resources management, leveraging technology, performance management, and risk management.
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