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Business of Legal Practice Conference

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Business of Legal Practice Conference

Date & TimeTBC
Format Conference
Price

Member

$630.00

Non-Member

$750.00

CPD Units 6
  • Professional Skills
  • Practice Management & Business Skills
Venue Macquarie Bank, 101 Collins Street, Melbourne CBD View Map

New to running your legal practice or thinking about starting out as a sole practitioner? Then this conference is for you. This annual conference is focussed on the business side of managing or starting a legal practice. The day will offer interactive discussion, practical application and thought leadership on the keys to success for sole practitioners or those managing a small practice.

Further details below.

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Terms & Conditions

Program Overview

  • Practice Management Conference Stream 1 - Thursday 22 Jun
    • 8:30 AM Registration Begins
    • 8:55 AM Conference Opening and Welcome
    • 9:00 AM Architecture of Success: Defining your business strategy

      The key to successful business development is understanding who you are, what you believe in and what you do best. For any business to flourish, it must grow from authentic and self-sustaining values.

      Topics covered include:

      • Determining and identifying motivation in relation to the business of legal practice - both personally and professionally
      • Setting clear objectives and goals for business success
      • Defining your business model, putting strategy into action – lay the foundations for success
    • 10:00 AM Client Relationship Management: Understanding client needs

      This session focusses on the changing needs of client and effective client servicing models. Define how to set up your practice for success.

      Topics covered include:

      • Forming enduring relationships with clients
      • Increasing productivity and files through networks
      • Client communication and management – commitment and expectations for success
    • 11:00 AM Morning Tea
    • 11:30 AM Risk Management: Protecting your practice (panel discussion)

      Before stepping up to manage a practice, it is essential to not only be aware of the potential risks your business faces, but to also be equipped with a comprehensive toolkit to effectively manage any such risk. This interactive panel discussion will highlight challenges and remedies you will likely face.

      Topics covered include:

      • Developing awareness of the types of risks that legal practices encounter
      • The importance of a good practice management system for reducing risk and increasing regulatory compliance
      • Conflicts of interest – tips and strategy to protect you and your clients
    • 12:30 PM Networking Lunch
    • 1:30 PM Managing your Practice Trust Account Management (LIV online platform)

      This session focusses on trust bank reconciliation. The trust bank reconciliation is a part of the regulation process of practitioners authorised to receive trust money. This topic looks at trust bank reconciliations and highlights their importance to these practitioners.

      Topics covered include:

      • Trust reconciliation process under Rule 48,
      • Trust receipts and trust payments cash books
      • Trust bank statements,
      • Reconciliation adjustments
    • 2:30 PM Managing Your Practice: Building, engaging and leading successful teams

      Creating a practice in your vision is the first step to success, the second is your team. Building a team to support the values and goals of any practice is the key to success.

      Topics covered include:

      • How to take efficient control over delegation and supervision
      • Importance of feedback to the advancement of your practice
      • Linking your business objectives with team motivation and success
      • Successful high performance teams in a flexible work environment
    • 3:30 PM Afternoon Tea
    • 4:00 PM Thinking ahead and planning a long-term strategy is key to the success and longevity of your practice

      Thinking ahead and planning long-term structuresis key to the success and longevity of your practice. By investing time in the development of a succession plan, you will safeguarde your personal and business assets in the event of unforeseen turbulence.

      Topics covered include:

      • Business investments - considering what you want to achieve
      • Managing funds and portfolios
      • What next – exit strategy or business expansion?

Further Details

  • Full Description

    New to running your legal practice or thinking about starting out as a sole practitioner? Then this conference is for you. This annual conference is focussed on the business side of managing or starting a legal practice. The day will offer interactive discussion, practical application and thought leadership on the keys to success for sole practitioners or those managing a small practice.

    The conference will deliver key insights into setting and achieving your business strategy. As an established legal practitioner, you may have the vision of your objectives – now, it’s time to translate that vision into reality.

    By attending this conference, legal practitioners will gain insights into all areas of establishing and running a successful legal practice. Business strategy, managing client relationships, building teams for success, exit or growth strategies are all key considerations in business management. The conference offers a fulllife-cycle look at successful business management, from the initial strategic vision to building and managing your practice then finally answering the ‘what next’ question: growth or exit.

  • Presenters

    TBC

  • Learning Outcomes
    • Create an achievable business plan and increase awareness of key business strategies for success
    • Build key client relationships – set your own narrative for success
    • Be informed and aware of factors affecting changes to the legal landscape
    • Protect your practice from potential threats