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CLE: Understanding Your Law Firm’s Financial Statements

Airing April 30, 2026 at 12:00pm CT

Learn how to read, understand, and use your firm’s financial data to lead with greater clarity and confidence.

  • Kelley Brubaker
    By Kelley Brubaker
Kelley Brubaker

What you’ll learn at this webinar:

  • Understand the purpose and structure of the three core financial statements: 

    • Balance sheet

    • Profit and loss statement

    • Statement of cash flows

  • Distinguish between profitability and cash flow

  • Recognize how financial reports interrelate


The numbers that drive your firm

We’ll walk through the three core financial statements, breaking down what matters most for law firms and how each report contributes to a complete financial picture.

You’ll also learn how to interpret key components like revenue, expenses, assets, liabilities, and equity without getting lost in accounting jargon.


Turn financial insight into better decisions

We’ll show you how profit and cash flows work together within your firm’s financials, and why understanding that relationship is key to running a healthy firm. Through practical examples and a simple monthly review framework, you’ll leave with a clear process you can apply immediately to evaluate performance and plan ahead.

Presenter
Kelley Brubaker

Kelley BrubakerCPA and OwnerProfit Scale Thrive

Frequently asked questions