How A Financially Savvy Lawyer Can Substantially Increase Their Value to Clients (2025 Edition)

Chaka Patterson
Chaka Patterson | Alston & Bird LLP

He served as senior vice president, general counsel, and corporate secretary at a global education corporation where he led a team of 30 and guided the business development, M&A transactions, investor relations, corporate governance, risk and compliance, and litigation functions.

On-Demand: December 3, 2024

2 hour CLE

Tuition: $195.00
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Program Summary

This CLE program is designed to equip legal professionals with a foundational understanding of how financial statements impact legal decisions and negotiations. We will explore the essential components of key financial statements, including the balance sheet, income statement, cash flow statement and what they reveal about a business's financial health. Participants will also gain insights into other critical financial documents, including the Annual Report/10-K and the Proxy Statement. We will dive into the basics of accounting, covering both foundational concepts and more advanced topics like accrual vs. cash accounting. Through a practical step-by-step analysis of a sample financial statement, attendees will learn to navigate financials with confidence. Additionally, we will discuss how to use client earnings calls and Wall Street analyst's reports to deliver more effective and timely legal advice to clients. This webinar aims to empower lawyers to integrate financial insights into their work, enhancing their ability to advise clients effectively and make informed legal decisions.

Key topics to be discussed:

  • Importance of Accounting & Finance in Legal Contexts
  • Understanding the Balance Sheet, Income Statement, and Cash Flow Statement
  • Other Major Financial Statements
  • Deep Dive into Accounting Basics
  • Practical Navigation of Financial Statements

Closed-captioning available

Speakers

Chaka M. Patterson_myLawCLEChaka Patterson | Alston & Bird LLP

Chaka Patterson has over three decades of experience in corporate government and private practice. He served as senior vice president, general counsel, and corporate secretary at a global education corporation where he led a team of 30 and guided the business development, M&A transactions, investor relations, corporate governance, risk and compliance, and litigation functions. He was the chief of the Civil Actions Bureau for Cook County’s State’s Attorney in Illinois where he managed a team of 100 lawyers defending the county and its officeholders and employees in civil suits. Chaka also served as an assistant attorney general and chief of the Illinois Attorney General’s Office Special Litigation Bureau, where he prosecuted civil and criminal fraud cases, including health care fraud, securities fraud, complex consumer fraud, charitable trust fraud, and False Claims Act cases.

Chaka’s private practice experience as a partner in two Am Law 100 law firms includes representing clients in complex business and commercial litigation, white-collar criminal defense involving state attorneys general investigations, and internal investigations.

Chaka’s background includes:

  • Partner at Alston & Bird
  • Former General Counsel of a Fortune 1000 Global Education Company
  • Former Treasurer & VP for Investor Relations of a Fortune 100 Energy Company
  • JD from Harvard Law School and MBA from University of Chicago Booth School of Business

Agenda

I. Importance of Accounting & Finance in Legal Contexts | 1:00pm – 1:20pm

  • How financial statements influence legal decisions and negotiations

II. Understanding the Balance Sheet, Income Statement, and Cash Flow Statement | 1:20pm – 1:40pm

  • How financial statements influence legal decisions and negotiations

III. Other Major Financial Statements| 1:40pm – 2:00pm

  • Annual Report/10-K and the Proxy Statement

Break | 2:00pm – 2:10pm

IV. Deep Dive into Accounting Basics | 2:10pm – 2:40pm

  • Basics of accounting
  • Advanced topics such as accrual vs. cash accounting and GAAP v. Non GAAP

V. Practical Navigation of Financial Statements | 2:40pm – 3:10pm

  • Step-by-step analysis of a sample financial statement

Credits

Alaska

Approved for CLE Credits
2 General

Our programs are CLE-eligible through Alaska's recognition of multi-jurisdictional reciprocity.
Alabama

Pending CLE Approval
2 General

Arkansas

Approved for CLE Credits
2 General

Arizona

Approved for CLE Credits
2 General

California

Approved for CLE Credits
2 General

Colorado

Pending CLE Approval
2 General

Connecticut

Approved for CLE Credits
2 General

District of Columbia

No MCLE Required
2 General Hours

Delaware

Pending CLE Approval
2 General

Florida

Approved via Attorney Submission
2.5 General Hours

Receive CLE credit in Florida via Attorney Submission.
Georgia

Approved for CLE Credits
2 General

Hawaii

Approved for CLE Credits
2.4 General

Iowa

Approved for Self-Study Credits
2 General

Idaho

Pending CLE Approval
2 General

Illinois

Approved for Self-Study Credits
2 General

Indiana

Pending CLE Approval
2 General

Kansas

Pending CLE Approval
2 Substantive

Kentucky

Pending CLE Approval
2 General

Louisiana

Pending CLE Approval
2 General

Massachusetts

No MCLE Required
2 General Hours

Maryland

No MCLE Required
2 General Hours

Maine

Pending CLE Approval
2 General

Michigan

No MCLE Required
2 General Hours

Minnesota

Approved for Self-Study Credits
2 General

Missouri

Approved for CLE Credits
2.4 General

Mississippi

Pending CLE Approval
2 General

Montana

Pending CLE Approval
2 General

North Carolina

Pending CLE Approval
2 General

North Dakota

Approved for CLE Credits
2 General

Our programs are CLE-eligible through North Dakota’s recognition of multi-jurisdictional reciprocity. Section 1, Policy 1.14
Nebraska

Pending CLE Approval
2 General

The Federal Bar Association reports attendance to Nebraska on each attorney's behalf for all programs. Please do not self-report.
New Hampshire

Approved for CLE Credits
120 General Minutes

As of July 1, 2014, the NHMCLE Board no longer provides pre- or post-approval of courses. Attendees must self-determine whether a program is eligible for credit, and self-report their attendance online at www.nhbar.org, based on qualification provisions of Rule 53.
New Jersey

Approved for CLE Credits
2.4 General

Our programs are CLE-eligible through New Jersey's recognition of multi-jurisdictional reciprocity, except for the courses required under BCLE Reg. 201:2
New Mexico

Approved for Self-Study Credits
2 General

Nevada

Pending CLE Approval
2 General

New York

Approved for CLE Credits
2.4 General

Our programs are CLE-eligible through New York’s Approved Jurisdiction Group “B”.
Ohio

Pending CLE Approval
2 General

Oklahoma

Pending CLE Approval
2.5 General

Oregon

Approved for Self-Study Credits
2 General

Pennsylvania

Approved for Self-Study Credits
2 General

Rhode Island

Pending CLE Approval
2.5 General

South Carolina

Pending CLE Approval
2 General

South Dakota

No MCLE Required
2 General Hours

Tennessee

Approved for Self-Study Credits
2 General

Texas

Approved for CLE Credits
2 General

Utah

Pending CLE Approval
2 General

Virginia

Not Eligible
2 General Hours Hours

Vermont

Approved for CLE Credits
2 General

Washington

Approved via Attorney Submission
2 Law and Legal Hours

Receive CLE credit in Washington via Attorney Submission. myLawCLE will supply Washington state attorneys with instructions on how to gain credit.
Wisconsin

Approved for Self-Study Credits
2 General

West Virginia

Pending CLE Approval
2.4 General

Wyoming

Approved for Self-Study Credits
2 General

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