Law Practice Management: Managing Your Law Firm’s Finances Effectively

A pre-recorded streaming VIDEO replay of the March 2025 webcast, Law Practice Management: Managing Your Law Firm’s Finances Effectively.

Join national speaker, Joseph Novello, in this seminar designed for attorneys who want to learn how to set up more efficient systems for their firm’s finances, so they have more time to better serve their clients. The goal of this seminar is to give the practitioner insight into law firm financial management and provide simple, yet powerful tools. Case studies and examples are used throughout the seminar to provide easy to understand illustrations.

• Gain an understanding on how to set billing rates so that client relationships improve
• Discover ways to improve cash flow and collections in order to synergize client relations
• Recognize financial fraud warning signs and how you can prevent it at your firm
• Receive guidance on how your CPA can help you achieve your goals to improve control and efficiency to enable you to be a more effective attorney
• Learn how to use your income statement as an important management tool rather than just a bookkeeping exercise
• Easily monitor financial performance so that you can quickly find and correct problems
• Use of the firm’s income statement as an important financial tool in expense and revenue management rather than just a bookkeeping exercise
• Analysis of costs and minimizing risks
• Financial fraud warning signs and how to prevent it at your firm
• Ways to easily monitor financial performance so that you can quickly find and correct problems
• Guidance on how your CPA can help you achieve your goals
• The 4 steps in the financial planning process
• Cash flow vs. income
• Capital budgeting tools

Joseph Novello, CPA, MBA, The Financial Training Organization / Metuchen, NJ

Joseph Novello, CPA, MBA, began his accounting and management consulting career at Ernst & Young and obtained his Certified Public Accountant license in New York. He earned a bachelor’s degree from Brooklyn College and an MBA in finance from New York University.  Mr. Novello maintains his CPA license and has years of experience working in American and International Fortune 500 companies.  His positions have included controller, chief financial officer, director of planning and analysis, and director of sales operations.  Since founding the Financial Training Organization in 2010, Joe has presented his finance programs to thousands of lawyers at bar association, and CLE provider presentations across the U.S.A. and Canada. His goal is to share an easy-to-understand approach that will make dealing financial matters more manageable. He brings his real-world experience and candid opinions to his programs and is consistently rated as exceeding expectations.  His goal is to present lawyers with an easy to understandable format that will make dealing with a client’s financial matters more manageable.