Accounting: Financial management for optimal performance

Develop your knowledge of accounting

Being able to contribute at the executive level of an organisation requires an understanding of accounting, planning and control. Equally having the confidence to provide clients commercially relevant advice means you need to be able to talk the same language. This subject is designed for legal professionals who want to develop their knowledge of accounting for application in a legal business context.

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Understand key accounting concepts as they apply to a legal business

What do I get when I study Accounting: Financial management for optimal performance

A subject in or credit towards the Master of Legal Business

Online Learning


Taught by Richard Lane

Accounting: Financial management for optimal performance

Who is this subject designed for?

This subject is designed for any legal professional wanting to develop an understanding of accounting concepts as they apply to a legal business. A bridging module is available for those who have had no exposure to date.


Accounting: Financial management for optimal performance

operational-excellence-operations and continuous-improvement

What will I learn?

On successful completion of the subject students will be able to:

  1. Understand the key financial statements – P&L, balance sheet and cash flow
  2. Distinguish the primary purpose of management accounts from that of audited financial statements
  3. Develop a commercial understanding of key accounting concepts such as accrual vs cash accounting, working capital, EBIT/EBITDA amongst others
  4. Analyse and interpret financial statements

Your Teaching Fellow

Richard Lane
Richard Lane

Richard is a Chartered Accountant and the director of Legal Finance Professionals Limited. Richard provides an extensive program of public CPD training courses as well as in-house training for medium and larger legal practices and also delivers
financial awareness training programs across a range of industry sectors.

Prior to this Richard worked in the United Kingdom for Baker Tilly as part of their audit team and helped to develop and deliver Baker Tilly’s student training program. In 1996 Richard joined the Law Society (later to become the Solicitors Regulation Authority) where he worked within the Forensic Investigation Unit and was responsible for managing and overseeing investigations into the financial affairs of solicitors’ firms. As a representative of the Law Society/SRA Richard was a regular speaker at conferences and training events throughout the UK.

Richard has also been a guest speaker for the Institute of Chartered Accountants at their Solicitors’ Special Interest Group national conference and spoken at numerous training events around the country including courses for the UK 200 Group, Mercia Training, MBL Seminars, Grant Thornton, MacIntyre Hudson, Moores Rowland International as well as local Law Society and ICAEW district events.

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