Learn about business concepts and how to utilize them to excel in your paralegal career. The paralegal role is fundamentally a business role. When the role was developed in the 1960's by a collaboration of the American Bar Association and other bar associations it was developed to ensure that underrepresented segments of society would be able to afford an attorney and gain access to justice. It was not created to lower the bar for entry into the legal field. A law firm is a business that must provide effective services while also earning a profit. The attorney role was developed to provide legal services and the paralegal role was essentially developed to provide business services to attorneys so that those cost savings could be transferred to a firm's clients therefore increasing a firm's overall profits.
A paralegal's productivity not only impacts thier individual job and career, but also that of those that employ them. In this series paralegals are provided with business tools to maximize their efficiency. Most law firms require that paralegals and attorneys meet minimum billable hour quotas. These billable hour quotas determine the amount of time that should be spent on income generating activities like preparing legal documents, conducting investigations, and other substantive legal functions. Meeting these requirements can be a challenge for individuals that are new to organizations that track billable hours and individuals that have inefficient time management practices in place. In this series the fundamentals of the billable hour will be examined in an attempt to demystify and clarify any misunderstandings about what is billable and nonbillable.
The following topics are also covered in this four hour on-line business crash course for paralegals:
How to use business tools to increase productivity
Overview of a S.W.O.T. Analysis and how paralegals can use it
Overview of effective timekeeping principles
Determining whether manual or electronic timekeeping is more feasible
Common billing quotas for paralegals
Focusing on efficiency and customer satisfaction
Productivity, quality, and profitability
What are the Generally Accepted Accounting Principles (GAAP)
Common financial statements and their uses
Comparison of an income statement and billing quotas
Upcoming Session Thursday, January 26, 2017 10:00am - 2:00pm PST