Designed to help students succeed in the business of law, this course explores the economics and
management of law firms. It covers accounting basics, profitability, budgeting and planning. It expands
into understanding how law firms are structured, how partners are compensated and the associated tax
consequences. Governance and risk management of law firms is examined, as well as, more current
topics such as project management and alternative pricing models. The course allows students to learn
using case studies for several of the topic areas. Whether a student plans to practice in house or with a
large or small law firm understanding how law firms are managed and the economics that drives how
services are delivered is important in helping student achieve their career goals.