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Business management

What Business management covers

Using broader commercial context and market awareness to spot future opportunities, innovate and solve problems.

Levels

From Foundation to Advanced, we have all aspects of Business management comprehensively covered.

This content will cover foundational topics and themes that are essential to practice. It will primarily be of interest to early career stage practitioners. It will include:

  • Learning about the legal business to build commercial awareness.
  • Increasing knowledge of how your actions can impact the business.
  • Finding and evaluating information to make sense of problems.
  • Making plans to manage and prioritise your workload.

This content will provide a more robust educational and professional development experience. It will be primarily of interest to members and practitioners who are looking to underpin existing knowledge, or broaden their areas of practice. It will include:

  • Broadening your commercial awareness and increasing your knowledge of the business context.
  • Recognising the impact of your actions on the business.
  • Thinking creatively and critically when evaluating information.
  • Starting to recognise risks and opportunities for improvement.
  • Developing plans, finding resources and prioritising work to deliver to deadlines.

Advanced-level content will offer a sophisticated professional learning experience, and it is aimed at underpinning practice excellence. Expectations of prior learning or assumed knowledge will be clearly stated for this type of content. It will include:

  • Being commercially astute to recognise the bigger picture and business impact when solving problems.
  • Positively impacting commercial performance and taking the initiative to improve operational efficiency.
  • Considering a range of perspectives when solving problems and coming up with innovative solutions.
  • Spotting opportunities and risks in a timely manner and proactively suggesting new ways to change and improve.
  • Setting milestones to deliver work on time whilst securing the required resources.
  • Building the talent pipeline, considering both internal and external resources, according to anticipated future team / functional needs.

Topics for Business management

  • The macro socio-economic & political climate (2)
  • Risk management; the big picture & mind mapping (1)
  • Selling a law firm – the legal process, due diligence & emotional journey (1)
  • Budgeting; profit & loss/balance sheet (1)
  • Change management (1)
  • Corporate models and governance (1)
  • How law firms make money (overview) (1)
  • Innovation & market disruption (1)
  • Planning; From strategic thinking to tactical delivery (1)
  • Preparing a law firm for sale (1)
  • Credit control & nil balances
  • Critical thinking; Making difficult decisions
  • File management and time recording
  • Finances; Personal budgeting & financial management
  • Managing the billing cycle in line with the legal process
  • Personal effectiveness & time management
  • Pricing
  • Project management; Lean/Agile management
  • Setting up as a sole practitioner
  • Strategic thinking
  • Target setting
  • The macro socio-economic & political climate (2)
  • Risk management; the big picture & mind mapping (1)
  • Selling a law firm – the legal process, due diligence & emotional journey (1)
  • Budgeting; profit & loss/balance sheet (1)
  • Change management (1)
  • Corporate models and governance (1)
  • How law firms make money (overview) (1)
  • Innovation & market disruption (1)
  • Planning; From strategic thinking to tactical delivery (1)
  • Preparing a law firm for sale (1)
  • Credit control & nil balances
  • Critical thinking; Making difficult decisions
  • File management and time recording
  • Finances; Personal budgeting & financial management
  • Managing the billing cycle in line with the legal process
  • Personal effectiveness & time management
  • Pricing
  • Project management; Lean/Agile management
  • Setting up as a sole practitioner
  • Strategic thinking
  • Target setting