Why Finance Skills For Lawyers?
Speaking recently in an interactive session with a group of lawyers, prominent lawyer and a Senior Advocate of Nigeria (SAN), Paul Usoro has this to say;
“Every lawyer needs to go beyond the primary legal knowledge and skills they have, to acquire relevant financial skills. This will help them significantly improve their legal practice, they have to build competencies in financial management to aid their professional performance.”
The Learned silk also added;
“A Law firm should be operated as a business concern. In the course of my practice over the years, I have come to understand the importance of financial literacy and it is commonplace that most Lawyers don’t have sound knowledge of finance, assets, and liabilities. This hampers practice in some ways. With a vibrant knowledge of finance, you’re able to improve your law firm management skills, manage your practice very well, and also offer advisory services on issues relating to finance to clients, where such is required.”
Program Director
11:00 AM - 03:00 PM
ntroduction and welcome address *Capital Budgeting and Discounted *Cashflow- Time value of money and implication in the corporate world *Break *Business Valuation *Practice Questions *Law practice as a Business *Introduction to Intellectual Property Valuation *Closing remarks
Program Director
11:00 AM - 03:00 PM
Financial Accounts-Basic *Statement of Financial Positions *Statement of Profit or Loss *Break *Statement Of Cash Flow *Practice Questions *Summary And General Interaction
Excellent! I learnt a lot
''The training was well organised and impactful knowledge-wise''
The program is a very refreshing part of law office management taught in the Nigerian Law school but jettisoned by lawyers after their call to the bar, The practical demonstration of this aspect of legal practice is encouraging and necessary.