Net profitability per fee earner: A new business model

Wednesday 2 May 2012, 9:00am–12:30pm
Law Society House, 179 Ann Street

Overview

Practice Management & Business Skills 3 CPD points

Traditional law firm models of centralised control over work methods and billable hour targets has come under criticism with regard to individual morale and practice profitability. This workshop explores how to drive both morale and profitability by providing fee-earners with accurate information on their contribution to the practice’s bottom line and then giving them the freedom to both increase revenues and control costs.

ALPMA members are eligible for our member rates

Course code: 120502

8:55am–9:00am
Welcome
  • Chair: Giles Watson – Practice Support Manager, Queensland Law Society
9:00am–12:30pm
A new business model (Papers)
Practice Management & Business Skills

This interactive workshop offers practice leaders the chance to develop an alternative blueprint for their own practice and discusses:

  • traditional law firm business models and their drawbacks
  • how to accurately calculate net profitability per fee earner
  • managing flexibility with skills development and supervision
  • challenges and benefits of the new model
  • alternative ownership models.
  • Speaker: Margaret Fitzsimons – Director, Trans4mation

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