HTML Preview Business Marketing Flow Chart page number 1.
Equity interest in
existing legal practice
- employee
- corporate counsel
- other careers
Career advice
- Mission statement
- Practice areas
- Billing
- Finance
- Premises & fitout
- Staff & HR management
- Consultants
- IT
- Document & file management
- Marketing & practice development
- Insurance
- Short & long term planning
- Knowledge management
If an incorporated
legal practice or multi
disciplinary partnership
establish appropriate
management system
New practice
Business analysis
- personal financial needs
and wants
- common goals
- compatibility analysis
with proposed partner/s
- viability analysis
Practice set up regulation
- LSB (register law practice)
- LPLC (insurance)
- LIV (practising certificates,
examiners, trust accounts)
Determine business structure
Business & marketing plan
Budget & cash flow
Negotiate agreement &
prepare documentation
Business planning ow chart
Establishing your practice June 2008
PRACTICE MANAGEMENT