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HOW TO BUILD A LAW FIRM SPECIALIZATION THAT BECOMES A RECURRING REVENUE STREAM

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CPE Processing FeeFREE
Webinar TranscriptionN/A
Presentation Length Hour(s)1.0 hour
CPE Credits 1.0 hour
Subject Area 1.0 - Other
CE Credits 0.0 hours
Course LevelBasic
Instructional MethodQAS Self-Study
PrerequisitesNone
Advance PreparationNone
Recorded DateNovember 4, 2016
Date OfferedDecember 13, 2016
Expiration DateDecember 13, 2017
Who Should AttendBookkeeper
CPA - small firm
CPA - medium firm
CPA - large firm
Series: Bookkeeper, Women in Accounting
Course Description

CPAs that specialize in specific industries perform better and are more profitable. The law firm industry represents one of the largest market opportunities for advisors, as the majority of the 1.3 million lawyers in the US run their own firm or are part of smaller firms. Since these attorneys were taught to practice law, not how to be business savvy or apply proper business principles to their law practices, CPAs can help in several ways.

This session will review the law firm market, the opportunity it represents to accountants and business advisors, and how to build a law firm specialization that becomes a recurring revenue stream.

Self-Study Course Instructions:

FOR DOCUMENT-BASED COURSES

Download the course document(s) (below) and follow prompts contained in the document.



FOR RECORDED COURSES WITH VIDEO

Download any course document(s) (below) which may include handouts, glossary, transcripts, etc. Follow any prompts contained in the documents to help you complete the course. Most documents are searchable.

Play the recording, noting the sectional guides indicating where topics on the agenda are covered and the prompts to pause video playback to respond to a review question (located below the video playback area). The timestamps for review questions are also noted below.

Upon completing the video and successfully answering all review questions, you will then take the final exam.

Learning Objectives

  • Identify accounting and business challenges that law firms face, and identify ways to help clients deal with those challenges as their trusted advisor.

Not logged
Handout Materials
Presentation Slides
Review Questions
Review Questions
QUESTION 1: 10:00 minutes
QUESTION 2: 29:00 minutes
QUESTION 3: 52:00 minutes
Frequently Asked Questions
  • CPAacademy self-study courses are online.
  • The self-study format allows you to a) access the material online 24/7 and b) study at your own pace.
  • Per NASBA guidelines, you have one year from date of purchase to complete each program.
  • Complete your final exam at any time and get graded instantly. You can retake the exam at no additional charge (unlimited attempts).
  • Print your own certificate of completion on the spot upon passing the exam.
  • Grading policies: a) courses have a minimum passing score 70% b) test takers will not be provided feedback on failed exams.
  • Upon achieving a passing score, test takers will be notified of the correct answers to the questions missed.

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Linkedin

Caren Schwartz

Time & Cents Consultants, LLC
Consultant
caren@timeandcents.com
203-254-7736

Caren Schwartz founded Time & Cents Consultants, LLC to help legal and other service professionals select, install and get the most out of their practice management, billing, accounting, and other firm specific technologies. She works to allow companies to better manage their time, money and information through the practical and efficient use of their software. She is an expert in billing, legal accounting and practice management systems. Caren extends her reach as a member of 35*45 Consulting – Global, a national firm providing comprehensive information technology services. Caren is an Advanced Certified Pro Advisor for QuickBooks® and QuickBooks Online. She is a member of the Intuit Accounting Professionals Trainer and Writers Network and has created courses for Solo Practice University. Caren write reviews and articles for Technolawyer®, a respected online newsletter for attorneys and is the author of QuickBooks for Law Firms. Caren has recognized as a Top 100 Pro Advisor for three years and was a Top 10 for Niche Practice in 2014. Prior to establishing the company, Ms. Schwartz spent over 14 years as an executive with IBM, accountable for marketing support, quality development and training, and multi-million dollar revenue planning. She received her MBA from Cornell University and her Bachelor’s from Colby College.

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CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

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About Our Presenter

Lexisnexus
LexisNexis® is a leading global provider of content-enabled workflow solutions designed specifically for professionals in the legal, risk management, corporate, government, law enforcement, accounting, and academic markets. LexisNexis originally pioneered online information with its Lexis® and Nexis® services. LexisNexis is part of RELX Group and serves customers in more than 175 countries with more than 10,000 employees worldwide. Through the integration of information and technology, LexisNexis uniquely unites proprietary brands, advanced Web technologies and premium information sources. Across the globe, LexisNexis provides customers with access to billions of searchable documents and records from more than 45,000 legal, news and business sources.