Session I - Introduction to Managing Your Matters Effectively Using Legal Project Management - Carla Landry & Susan Lambreth
Lawyers are expected to manage their matters efficiently, either to meet client’s expectations for modest legal spend or to reduce write-downs and write-offs. In this program, lawyers will learn the core concepts of Legal Project Management (LPM), obtain new ideas about how to apply LPM to their work, and hear how to manage their matters more effectively to enhance client relationship.
What LPM is and why it is important
The key elements of LPM
The critical role of effective scoping
How LPM supports risk management
How process improvement and LPM complement each other to improve legal service delivery
Session II - Cracking the Code: The Lawyer’s Guide to Understanding Financial Statements – Annette Fadness
Most law schools do not teach attorneys how to read financials statements, nor how to perform the monthly three-way trust reconciliation for their IOLTA account. You will learn how to make sense of your firm’s P&L and balance sheet so that you can understand how the business is doing, what your biggest expenses are, and how you’re performing compared to prior periods. Additionally, the somewhat mysterious three-way trust reconciliation will be explained simply, taking the mystery out of it.
Anatomy of the P&L statement
Deconstructing the balance sheet
Understanding your financial health
Making sense of the three-way trust reconciliation report
Session III - Forming a New Company on a Solid Foundation - Best Practices in Entity Selection, Entity Formation, and IP Protection - Paul Swegle
Paul Swegle, author of Startup Law and Fundraising for Entrepreneurs and Startup Advisors, will discuss key legal and governance considerations in selecting and forming new business entities, including steps for protecting intellectual property before and after entity formation. This will be a practical look at helping founders choose between an LLC and a corporation and the critical early steps for properly forming the selected entity, allocating and issuing early ownership interests, and soundly structuring relationships for success and the avoidance of disputes. Time permitting, Paul will also touch on strategies and best practices for early fundraising.
Pre-entity-Formation Best Practices for IP Protection and Dispute Avoidance
Entity Selection: LLC versus Corporation
Entity Formation Best Practices
Structuring Key Relationships in New Business Entities
Session IV – Securities Law 101 – Michael Ryan
This program will provide an overview of key terms and the principal federal securities laws – the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Sarbanes-Oxley Act of 2002, and the Dodd-Frank Reform Act of 2010. The course will cover critical principles underlying the U.S. federal securities laws and the multiple roles of the U.S. Securities and Exchange Commission and other regulatory bodies in the implementation of these laws. This course with also identify the different market participants that, collectively, comprise the U.S. capital markets and the unique functions of the various market participants. Finally, this course will summarize the overall regulatory structure of the U.S. capital markets.
What is a security?
The purpose of the principal statutes at the foundation of the federal securities laws
The structure of the U.S. Securities and Exchange Commission and its regulatory powers
The market participants that collectively form the U.S. capital markets
Date: August 24, 2022
Carla Landry, Principal | LawVision | Advisory Board Member – LMP Institute
Carla Landry is a Principal with LawVision where she coaches legal teams on implementing legal project management and legal process improvement techniques into their matters. She leads the LawVision legal process improvement practice.
Carla has spent over 25 years working in the legal industry, focused on helping lawyers manage their matters effectively and efficiently to enhance client relationships and improve financial performance. She was an Adjunct Faculty at the George Washington University teaching Economics and Profitability of Law Firms as part of a master’s program in law firm management and is an Advisory Board Member of the Legal Project Management Institute. In addition, Carla co-created the first legal project management certification program and launched the first online eLearning courses in legal project management and two online e-learning courses for the Practising Law Institute (PLI), including a Telly Award winning one on process improvement and another on law firm profitability.
Susan Lambreth, Principal | LawVision | Chair and Founder – LMP Institute
Susan Raridon Lambreth is a founding Principal at LawVision Group and is internationally recognized as one of the top project management and practice group consultants for the legal industry. She has authored seven books on law firm management, including three on practice group, four on LPM, and one on legal operations. She has trained over 5,000 law firm leaders in practice leadership skills and over 6,000 legal professionals in LPM skills. She also has co-chaired for the past 11 years the largest annual conference in the world on legal project management for the Practising Law Institute in New York, which regularly attracts 400 to 550 attendees. She recently co-chaired the first annual Global LPM Summit (GlobalLPMSummit).
Prior to co-founding LawVision, she was a partner with Hildebrandt International or its successor firm for 20 years. She received her JD from the University of Pennsylvania School of Law and an M.B.A. from Villanova University.
Annette Fadness, MBA | JurisBookkeeping
Annette Fadness is the president of JurisBookkeeping, a boutique accounting firm specializing in law firm bookkeeping and trust accounting. Annette spent eleven years at the mid-sized firm of Greenberg, Glusker in Los Angeles, and earned her MBA at UCLA. Over the past ten years, Annette has helped hundreds of law firms set up accounting systems to properly manage their trust accounts and to have understandable, tax-ready financials. A recognized expert in her field, Annette holds certifications in QuickBooks, Clio, and LeanLaw.
Paul has served as general counsel to sixteen companies and has guided exits to Capital One, Abbott Laboratories, ING, and Nortek. He has been involved in more than $13 billion of financings and M&A deals, and recently helped Porch.com through its SPAC IPO. Paul currently serves as in-house GC to four startups in the virtual health, pharmaceutical, and retail technology sectors. He is currently co-founding a biotech startup focused on a promising Alzheimer’s therapy with a team of university and pharma industry scientists. Paul also serves as outside counsel to companies in e-commerce, consumer products, fintech, financial services, and technology security. He began his legal career with the U.S. SEC and Department of Justice.
Paul is an Adjunct Law Professor at both Seattle University School of Law and Gonzaga University School of Law, teaching “Counseling Startups: Law, Regulation and Fundraising.” He speaks frequently to law, MBA, and entrepreneurship classes around the country, and to other business, legal, and investment groups. His business law blog can be found at www.StartupGC.us.
Michael J. Ryan, Jr. | MJR Legal and Business Consulting, LLC
An attorney, accountant, and operations executive, Michael has more than 30 years’ experience, principally focused on capital markets and the federal securities laws. He earned his BS in accounting from Villanova University and his JD from Catholic University where he also served as Associate Editor of the Law Review.
He is a member of the Maryland Bar and is a certified public accountant (inactive). Michael’s career has included positions as senior accountant with Price Waterhouse (nka PwC), senior attorney with the U.S. Securities and Exchange Commission, general counsel of the American Stock Exchange, president, and COO of PROXY Governance, Inc. and several positions with trade associations focused on public policy concerning capital markets, corporate governance, and financial services.
Session I – Introduction to Managing Your Matters Effectively Using Legal Project Management | 12:00pm – 1:40pm
1. Framework for Legal Project Management | 12:00pm – 12:15pm
2. Defining Matter Scope | 12:15pm – 12:30pm
3. Risk Management Planning | 12:30pm – 1:00pm
Break | 1:00pm – 1:10pm
4. Navigating the relationship of LPM and process improvement | 1:10pm – 1:40pm
Session II – Cracking the Code: The Lawyer’s Guide to Understanding Financial Statements | 1:40pm – 2:50pm
1. Financial statement overview | 1:40pm – 1:46pm
2. P&L deep dive | 1:46pm – 1:52pm
3. What the P&L can tell you about your firm | 1:52pm – 1:58pm
4. Tips for getting the most out of your P&L | 1:58pm – 2:04pm
5. Balance sheet deep dive | 2:04pm – 2:10pm
Break | 2:10pm – 2:20pm
6. What the balance sheet shows you about your firm’s health | 2:20pm – 2:25pm
7. Common mistakes in structuring financial statements | 2:25pm – 2:30pm
8. Tips for getting better metrics from your reporting | 2:30pm – 2:35pm
9. Three-way trust reconciliation deep dive | 2:35pm – 2:40pm
10. Avoiding three most common mistakes attorneys make in their trust accounts | 2:40pm – 2:45pm
11. Q&A | 2:45pm – 2:50pm
Session III – Forming a New Company on a Solid Foundation – Best Practices in Entity Selection, Entity Formation, and IP Protection | 2:50pm – 4:00pm
1. Pre-entity-Formation Best Practices for IP Protection and Dispute Avoidance | 2:50pm – 3:05pm
2. Entity Selection: LLC versus Corporation | 3:05pm – 3:20pm
Break | 3:20pm – 3:30pm
3. Entity Formation Best Practices | 3:30pm – 3:45pm
4. Structuring Key Relationships in New Business Entities | 3:45pm – 4:00pm
Session IV – Securities Law 101 | 4:00pm – 5:10pm
1. Overview | 4:00pm – 4:15pm
a. Purpose of the Capital Markets
b. Understanding Key Terminology
c. Meeting the Market Participants
d. Statues, Rules and Regulations from 35,000 Feet
2. The ABC’s of the Principal Federal Securities Laws | 4:15pm – 4:30pm
a. Securities Act of 1933
b. Securities Exchange Act of 1934
c. Investment Company Act of 1940
d. Investment Advisers Act of 1940
e. Sarbanes-Oxley Act of 2002
f. Dodd-Frank Reform Act of 2010
Break | 4:30pm – 4:40pm
3. Constructing a Practical Framework of the Business | 4:40pm – 5:00pm
a. Following the Money
b. Fundamentals of an Efficient Market
c. Intersection of the Business and Regulatory Structure
d. Inside the Beltway – “SEC Law vs. SEC Lore” + Capitol Hill