Management Course Stage One (MC1) April 2015
Date: Monday, 8 March 2015
Time: Registration: 9.00pm, Seminar: 9.30 – 17:00
Venue: Shoosmiths, 2 Colmore Square, 38 Queensway, Birmingham, West Midlands B4 6BJ
CPD: 7 hours
Fee: Members £170 + VAT Non-Members £210 + VAT
Speaker: Doug Robinson
Why MC1?
It’s compulsory for all solicitors, to be completed within the first three training years post qualification.
Why this MC1?
You will get a clear understanding of:
- the challenges facing law firms in the current economic climate;
- law firm finances, in a way that will help you understand how your actions affect profit and cash flow;
- how you can change your behaviour to contribute more effectively to your firm’s performance and financial results;
- how you can help your firm to develop a competitive advantage; and
- an update on any key changes affecting law firm regulation and the Code of Conduct.
The course features a realistic law firm simulation allowing participants to see exactly how changing fee earner behaviour impacts on profit and cashflow and how to apply that learning back in the workplace.
Course Content
The day is split into three sections covering core elements of the SRA’s syllabus:
Managing Finance
- Business planning – getting the big decisions right
- Key Performance indicators
- Funding and solvency – debt or equity?
- Understanding profit and improving the bottom line
- Controlling costs
- Working capital control and cashflow – how to reduce your lock up
Managing Clients
- Understanding what motivates clients
- Delivering what clients want in the way they want it
- The retainer, and solicitors’ professional obligations
- Organising client relationships effectively
Managing People
- Delegation and managing other people’s work
- Effective teamwork and decision-making processes
- How to get the most from a meeting
- Motivation and performance appraisal
Using a model firm, participants will assess the impact of management decisions, develop their own approach to good management, and share ideas on current best practice. The course will also cover a refresher of key relevant obligations in the Code of Conduct.
Key Outcomes
As a result of attending the course, participants will be able to:
- appreciate the importance of planning;
- understand financial data and key performance indicators;
- act confidently on information contained in financial reports;
- recognise what impresses clients and eradicate what upsets them;
- organise their relationships with clients to deliver great service;
- delegate more effectively; and
- manage meetings and make decisions which lead to improved performance.
The speaker Doug Robinson is a director of Kinch Robinson Limited, the accredited course provider. He is a Chartered Accountant who has worked exclusively in the field of professional development since 2003. Doug teaches Management Course Stage 1 and 2, PSC Financial and Business Skills and a range of other financial and management courses aimed specifically at lawyers in practice. His clients include top 50 UK law firms, regional firms and local Law Societies. He is a consultant to the University of Law, regularly delivering training on public and in-house courses.
If this is a compulsory course for you, please ensure you attend for the full day to comply with SRA requirements. Participants cannot claim for attending the course if they arrive late or leave early. If the SRA ask whether a participant has attended the course, notes of arrival and departure times will be passed on to them; so please ensure that you arrive at the venue on time.
If you arrive late or have to leave early you may be required to repeat the course.