Leadership Exchange - April/May 2013 - (Page 33)

stances, past history as well as performance and intended business strategies, to name a few. Generating needs assessment and source assessment reports creates a key balance sheet for analyzing capital. Metric and benchmark analyses provide attainable goals firms can strive for when compared to other firms. Debt management at law firms is changing in light of today’s economic conditions. Lending institutions are becoming more knowledgeable of the new debt reality at law firms and have resulted in more complex borrowing arrangements. With this in mind, financial managers must maintain reasonable metrics in connection with debt, i.e. debt should not exceed net fixed assets or debt-to-capital ratios should be in line with other law firms. In closing, Ron discussed some important considerations with regard to working capital, mainly (a) focus on improving billing and collection policies and practices; (b) anticipate and plan for future needs; (c) create partner capital augmentation programs: and (d) balance reliance on financial leverage. Amidst the backdrop of tennis balls bouncing on the courts down below, this presentation provided useful information for anyone attempting to help their firm become more financially solvent with a sounder, brighter future ahead. Ricoh generously sponsored this event which received an overall evaluation score of 3.69. April / May 2013 Answers to CLMSM Crossword Puzzle ABA Rules of Conduct By Carolyn Smallwood ACROSS 2. True 10. Five Years 15. Evaluation 16. Competent Representation 17. Scope of Representation 19. Lien 20. True 21. True 22. Information DOWN 1. False 3. Rules of Professional Conduct 4. Materially Adverse 5. Reasonable Diligence 6. A Public Office 7. Fifty 8. A Political Contribution 9. Reasonable Efforts 11. Expedite 12. Third-party Neutral 13. Informed Consent 14. Prospective Client 18. False 33 http://www.glaala.org/clubportal/glaala/glaCalendar.cfm?clubID=194&mo=06&year=2013

Table of Contents for the Digital Edition of Leadership Exchange - April/May 2013

Leadership Exchange - April/May 2013
Table of Contents
President’s Message
Editor’s Message
Monthly Calendars
2013 Event Calendar
ALA Webinars
ALA Social Media
Community Connection News
Diversity Upfront
The I-9 Gets a Make-Over
ALA Management Encyclopedia
Accept the Challenge to Become a Green Lawyer
CLM Corner / Crossword Puzzle
CLM Study Session
CLM - Steve Wingert
GLA Making News
Volunteer of Year
Annual Chapter Meeting
A Law Firm's Marketing Success Story
GLA ALA Essay Contest
March Luncheon Recap
CLM Crossword Puzzle Answers
Member/BP Mixer Recap
Board of Directors
Region 6 Officers
Board Update
Board Crossover Meeting
Does Your Law Firm's Technology Meet Ethical Requirements?
Coach’s Corner
ALA Past President's Reception
New Members & Member Updates
Members In Transition
2013 Compensation and Benefits Survey
Business Partner Spotlight
"Green" Ideas

Leadership Exchange - April/May 2013

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