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Program Details

The Budget as the Foundation of an Engagement

Content Partner:  LawBiz® Management
Price: $75.00*
This program is no longer available.

* Applicable Membership or Subscription discounts will be added in your shopping cart


Do you want to increase your realization rate? In other words, do you want to collect more of what you bill?


My clients usually do just that when they follow my advice to make a budget part of their engagement agreement. Not just any budget, but a budget that is collaboratively created between you, the law firm or lawyer, and the client.  When clients become part of the process ... and accept the risks of the assumptions set forth in the budget ... they are far less likely to be critical, irrespective of the outcome. And when not critical, they know the lawyer provided the value bargained for ... and they pay the billing.


In this session, we will discuss the following issues, among others:

•                     Why lawyers should budget

•                     Budgeting as the foundation of the engagement

•                     Budget parameters

•                     The budget and the bill


Recommended Resources:

•                                                         The Attorney & Law Firm Guide to The Business of Law, 2nd ed. (ABA 2003)

•                                                         Law Firm Fees & Compensation: Value & Growth Dynamics (LawBiz® 2008)

•                                                         Litigation Process and Case Management Manual (Lexis-Nexis 2003)


About Ed Poll:

The future is now! If you want your future law practice to be both profitable and satisfying, be sure you know those skills that law school failed to teach ... The Business of Law®. Our presenter is well known for enabling lawyers to dramatically increase their revenues and profits through his coaching programs!


Ed has walked in your shoes, practicing law for 25 years as a sole practitioner, partner in a small law firm and chief operating officer of a mid-sized law firm before teaching thousands of lawyers how to increase their profits. Edward Poll, J.D., M.B.A., CMC, is a certified management consultant, author and speaker on law practice management topics. He is Board Approved as Coach to the Legal Profession by the Society for the Advancement of Consulting, a Fellow of the College of Law Practice Management, and a member of the Million Dollar Consultant™ Hall of Fame. Ed’s latest works include Law Firm Fees & Compensation: Value & Growth Dynamics, A LawBiz Special Report (LawBiz 2008), Disaster Preparedness & Recovery Planning for Law Firms: A LawBiz® Special Report (LawBiz 2007),  More Secrets of the Business of Law (LawBiz 2006). He can be reached at (800) 837-5880 or edpoll@lawbiz.com.  See more at www.lawbiz.com and www.lawbizblog.com.

Practice Areas: Accounting & Business of Law, Law Practice Management
Online Media Type: Audio
Production Date: 06/25/2008 1:00 PM EDT
Level: Intermediate
Category: Standard
Duration: 1 Hours, 0 Minutes
Online Format: Live
Course Type: Public

Click here for information on subscription discounts and Group Viewing opportunities.

Purchase of this product provides online access for 180 days. If you are purchasing a live webcast, you will receive complimentary access to the on demand version for 180 days once it becomes available. Please note that the on demand and podcast versions may, or may not be accredited in your state.

If you intend to take a course for CLE credit, please make sure your state is listed in the "Accreditation" section to the upper right of the program description. Accreditation displayed is unique to the purchased program format (live conference, live webcast, on demand, podcast). Credit totals listed for live conferences are the maximum credits available. Credits issued will be based upon actual time in attendance.  Credit totals for other formats are for complete programs.  Partial credit is not available for any online or downloadable format. 


West LegalEdcenter will not provide accreditation for states not listed. 

CLE Scholarship information
Tuition Assistance for legal professionals taking our programs. Learn more about the program.

This product is intended for individual use by the named purchaser. Group viewings for online programs may be arranged for five or more attorneys within the same organization prior to viewing by emailing west.wlec-sales@thomson.com.

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Credit Eligibility:
Click on the jurisdiction to view credit eligibility details for this program

Total Credits: 1
Specialty Credits: 
Status: Accredited
Expiration: N/A
Training Type: Interactive Computer-Based

West LegalEdcenter provides accreditation as described here. You may be able to self apply for credits in states not listed.

Request credits for a state not listed.

Check your state requirements and get contact information.
Edward Poll, JD, MBA, CMC - Coach, Consultant, Author & Speaker; Los Angeles, CA
This product is designed to provide information in regard to the subject matter covered. It is sold with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional person should be sought.

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