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Course Details

The program is delivered through a blended learning approach. Participants will have access to a comprehensive range of learning tools and resources, including:   

  • an online learning management system
  • downloadable reading guides and course materials
  • digital learning activities and online modules
  • three days of interactive, workshop-style learning with subject matter experts
  • a variety of practical assessments aimed at ensuring that you and your practice are prepared to achieve success in this career transition
  • resource library and reference material (including business templates and FAQ guides).

Program details and enrolling

To view the full program details, and to register, please cick on your selected course date below.

For more information email pmc@liv.asn.au or call (03) 9607 9473.

Practice Management Course homepage

Program Modules

Day 1, Module 1: Start-up

Core topic

Summary

Learning outcomes

Business strategy & succession planning

This topic will cover key considerations for practitioners in relation to establishing and running a business, including firm structures and business models, requirements to achieve success and the development of a strategic business plan.

  • Understand practice structures and identify suitable business models
  • Formulate a business plan
  • Develop the ability to put your  business plan into action
  • Gain an awareness of partnership agreements and relations
  • Demonstrate awareness of succession planning principles and how these will apply to your business

Financial management

This topic will provide best practice guidance for the financial health of a business. It will equip attendees with the knowledge of financial management as it relates to the law practice, including accounting fundamentals, budgeting, taxation strategies, billing and debtor control, valuation, cost disclosure and estimating.

  • Understand budgeting, cash flow, profitability and how to interpret financial statements
  • Awareness of the availability of different billing methods and ethical billing practices
  • Comprehension of taxation requirements and how to meet your obligations
  • Devise a process to ensure payment of bills within the terms of an agreement
  • Understand methods to determine practice valuations
  • Awareness of suitable borrowing ratios
  • Explore approaches to budget development and gain the ability to generate a budget process
  • Analyse methods for estimating costs, understand disclosure requirements and understand best practice scope and planning for matters.