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Walker Clark, LLC, is a member of the World Services Group, a global membership association whose members are among the top providers of professional business services in more than 115 countries and throughout the United States.

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Understanding Law Firm Economics

 

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How does my law firm make money?

 

What are my business responsibilities an owner of this firm?

 

What do I need to know before I sign the partnership agreement?

 

Many technically talented lawyers become partners or shareholders in law firms without ever getting answers to these questions.  As a result, most law firm partners today are excellent lawyers, but many lack a working understanding the financial implications of owning a professional services business.

 

Understanding Law Firm Economics bridges this gap. The principal components include:

  • a custom-designed developmental program specific to the economic structure of your law firm

  • two half-day business meetings --- one at the beginning of the program and one approximately 90 days later --- to explore in depth factors affecting law firm profitability and the individual partner's role in the firm's long-term financial performance

  • individual action plans and 90 days of individual coaching by Walker Clark team members to help each participant apply Understanding Law Firm Economics to his or her practice

Who needs to participate?

 

This program is designed for recently-elected partners and senior associates who are within two years of eligibility for partnership.

 

next steps

 

To discuss how this Core Business Skills program can give you and your colleagues the tools that you need to move to new levels of performance, contact us by e-mail or by telephone at +1.941.322.7077.