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Law Firm Cashflow & Lock Up Management
This training provides clarity and guidance on how cash is generated in law firms, what lock-up is, and practical solutions.
How much is 30 days’ cash worth to your firm?
Understanding your firm’s lock-up and cashflow is vital for good financial management and viability. This training provides clarity and guidance on how cash is generated in law firms, what lock-up is, and practical solutions on increasing your firm’s bank balance.
Who is it for?
Those in legal finance or law firm management, who require training on lock-up and cashflow management. This one-hour session is also perfect if you are new to your role in legal finance or require a refresher on the subject.
What will it cover?
- Why is cashflow and lock-up management important?
- Profit vs Cash
- How to calculate lock-up and the impact of reducing it
- Compliance requirements
- Practical solutions to improve cashflow into your firm
1 hour of CPD training applicable.
BY BOOKING THIS TRAINING YOU ARE CONSENTING TO THE SESSION BEING RECORDED AND DISTRIBUTED TO ALL REGISTERED PARTICIPANTS.
All of our online training is live and interactive, enabling you to liaise and pose questions to our experienced experts during the broadcast. All of the experts have worked, or work in legal practice, dealing with all aspects of legal finance, enabling them to share their in-depth knowledge and experience in compliance areas such as the changes to the SRA Accounts Rules.
They are broadcast live on the advertised date and time and can be continuously replayed for up to 30 days after broadcast. You will receive an email with the replay link as soon as possible once the webinar has concluded.
Upon completion of the online training you will be presented with a set of multiple choice questions to demonstrate your understanding. You are required to obtain a 75% pass rate in order to obtain the CPD certificate.