Jurisdiction(s):
United Kingdom

Financial management training and development plan for law firm fee earners: aspiring solicitors, associates and partners (England and Wales)

Precedents
imgtext

Aspiring solicitors

Development tool

  • Name
  • Date completed
  • Professional Skills Course (PSC)—Financial and Business Skills core component [ Note who has completed this training and, in the next column, record the date for each person ]
  • PSC electives—time recording and time management
  • Solicitors Qualifying Examination 1—FLK1
  • Reading—the firm’s time recording policy
  • Project—why do aspiring solicitors under-record time and how could this be prevented?

Associates

Development tool

  • Associate name
  • Date completed
  • Coaching on using the monthly management information provided
  • Billing training
  • Training on matter planning and profitability
  • Training on pricing and fee negotiation
  • Project—what can associates do to improve the profitability of the work they do?

Partners

Development tool

  • Partner name
  • Date completed
  • New partner induction course [ Indicate which partners have completed this training and, in the next column, when ]
  • Training course on how businesses make decisions
  • Monthly team meetings to review financial performance
  • Project—how can the firm help partners to improve their ability to price work properly?
  • Training on preparing departmental budgets
...
To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.
Web page updated on 22/05/2026

Popular documents

When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...

Read More Right Arrow

This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...

Read More Right Arrow

Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

Read More Right Arrow

I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...

Read More Right Arrow