The end of the year is approaching and your managing partner or executive director has asked you to prepare the budget for the firm. Where do you start? How can you accurately predict and then control the financial results for the next year? How do you get it approved? This introductory session will answer these questions and more, as well as provide you with a working model spreadsheet in Excel. 

Objectives:

• Identify the key drivers in building a budget
• Determine how to predict accurate financial results
• Devise how to control the financial results for the new year
• Discuss how to get the budget approved

Mike Palmer is a former CPA and Executive Director of Allen Matkins Leck Gamble Mallory & Natsis LLP, a California-based law firm with 200 lawyers and five offices. An ALA member since 1987 and a past president of ALA, Palmer has worked in public accounting and has held various finance and administration positions, in addition to his law firm experience of more than 29 years.

CLM Recertification Credit –  Yes

California MCLE Language: Law Practice Management

MCLE/Other States: Other States: Credit may be available in other states but cannot be guaranteed. In all states, accreditation is dependent on individual state guidelines and filing regulations.