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DTSTAMP:20260405T191854Z
DTSTART:20190925T093000Z
DTEND:20190925T104500Z
SUMMARY:Law firm finances: everyone’s business
DESCRIPTION:Law firm finances are going through a fundamental path of cha
 nge. Financial transparency\, a more business-oriented legal market and 
 the need to invest\, in particular in technology\, have changed the patt
 ern. It follows from these developments that financial planning and cont
 inuous monitoring of key relevant data to meet financial targets have be
 come the name of the game. Everyone’s cooperation and involvement is nee
 ded to fulfill those tasks. Transparency is a must. Law firm finances ar
 e no longer a ‘locked box’\, visible only to the chosen few. Alternative
 \, value-based fee models causing irregular influx of cash pose a challe
 nge to the traditional model with billing based on the hourly rates. Out
 side debt and even equity financing by third parties (including IPOs) ha
 ve become available. This panel will discuss with the session participan
 ts how law firms should manage these changes\, giving participants concr
 ete takeaways for their own practices.
LOCATION:Room 318 A\, Floor 3
UID:573e062f-089f-4dc3-862f-d0f220ea2d87
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