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Financial Intelligence for Attorneys
Developing Attorneys' Financial Intelligence and Business Acumen
Ensure Your Attorneys Are Financially Intelligent
Your attorneys are experts in their fields. But in today's world where finance is in the forefront of the news, they also need to be financially intelligent. Whether they are sitting in a meeting in which financial lingo is being used, reading an SEC filing, or analyzing a company's current situation, your attorneys need to have a solid foundation in finance to work effectively and make sound decisions for your clients.
Consider your associates. They are smart and enthusiastic, but they probably never had an opportunity to learn the foundational concepts of finance that are so important to your corporate clients. Your more seasoned attorneys may know the basics, but they may not have had a formal opportunity to learn analysis techniques or the impact of the artful aspects of finance. And your partners may need an opportunity to review certain aspects of finance in a confidential setting.
Your attorneys need a strong foundation in finance to ensure that they are working in the best interests of your clients.
Your attorneys need a strong foundation in finance to ensure that they are working in the best interests of your clients.
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Vital Skills Your Attorneys Will Take Away From This Class
- Understand the impact of the art of finance. A grounding in where the artful aspects of finance are applied, and how that impacts financial results.
- Communicate effectively. A thorough understanding of the key financial terms and concepts used by clients.
- Read SEC financial reports. The ability to understand a client's income statement, balance sheet and cash flow statement and explain the key line items.
- Discuss the financial impact. A solid understand of how various corporate decisions impact the financial results of companies.
- Tell company stories. The ability to tell a company's story based on financial ratio analysis.
- Assess ROI. The ability to confidently assess and discuss return on investment analysis.
- Explain cash flow and cash versus profit. A solid foundation in a critical concept to all businesses—cash.
- Understand business valuations. A solid grounding in business valuation approaches and the pros and cons of each.
Topics to Consider for "Financial Intelligence for Attorneys" Courses
- The art of finance
- Key financial terms important to corporate clients
- Reading and analyzing the income statement found in SEC filings
- Key income statement terms and concepts such as revenue recognition and capitalization
- Reading and analyzing the balance sheet found in SEC filings
- Key balance sheet terms and concepts, such as accruals and depreciation
- Reading and analyzing the cash flow statement found in SEC filings
- Cash versus cash flow, and cash versus profit
- Time value of money, future value, present value
- Return on investment and the pitfalls of each method
- Business valuation methodologies and the pros and cons of each
Recommended Customization
- Using a client's public financials to practice analysis of the income statement, balance sheet, and cash flow statement
- Creating a case study based on a client's financial situation to practice using the knowledge and skills based on a real situation
- Integrating the key financial concepts most important to your clients
- Discussing clients' revenue recognition approach and impact on their financials
- Discussing clients' capitalization policies and impact on their financials
- Calculating client profitability, leverage, liquidity and efficiency ratios and discussing their meaning
Where to Start
Call us and we can help you think through the appropriate content for your needs and target audience. Think about the following questions:
- What results do you want to achieve with the course?
- What is the target audience's current level of understanding and use of the concepts?
- What are the financial issues your clients are facing?
