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Funding & Financing a Law Firm

Join us for episode two of our year-long The Making of a Law Firm Series. During this interactive event we were joined by financial planning expert Paul McCluskey for some top tips on funding and financing your law firm.

Whether you are just starting a legal business or entering a period of growth it is essential to have a plan for funding that growth.

Join Clio’s UK Community Manager, Geraldine O’Reilly, for the second episode of The Making of a Law Firm Series: Funding & Financing a Law Firm.

Geraldine was rejoined by two of our leaders, Elena Manukyan and Natalie Foster, along with financial planning and operation risk expert Paul McCluskey from Gemstone Legal. Together the panellists discuss the funding options available for law firms and how to successfully manage those finances.

Topics up for discussion include:

  • Choosing a banking/finance partner for your firm
  • Financing your firm and how to pay for it
  • Establishing effective financial controls
  • Getting the best returns on client monies

The two leaders rejoining us for this event and sharing their experiences are:

  • Elena Manukyan, Partner at The Injury Solicitor
  • Natalie Foster, Founder at Foster Clay Law

Session duration: 60 minutes

Speakers

  • Geraldine O'Reilly

    UK Regional Marketing Manager, Clio

    Having had nearly a decade of experience in tech and the legal field, Geraldine has a deep understanding of the needs of businesses and lawyers. Geraldine leads Clio’s European events and community strategy and has spoken and moderated on many occasions about the future of legal, law firm growth, and cloud technology and security. Geraldine is also passionate about helping firms grow.

  • Paul McCluskey

    Founder and Managing Director, Gemstone Legal

    Former UK Head of Professional Practices at Bank of Scotland and Lloyds Bank, Paul has worked with law firms within all three UK law society jurisdictions. Having seen banks shift away from legal sector specialism, Paul setup Gemstone Legal to offer firms a trusted, independent approach to source finance and improve returns on client monies. Paul is also a Law Society approved Lexcel assessor and consultant and combines his experience to help legal firms to improve their approach to finance and operational risk management. Paul speaks and writes regularly on financial factors impacting the UK legal sector.

  • Natalie Foster

    Founder and CEO, Inspire Legal Group

    As founder and Chief Executive Officer, Natalie is responsible for the overall vision of Inspire Legal Group alongside a dedicated Board. With a proven track record of growth and success in legal practice Natalie is intent on replicating this for Inspire Legal Group. Natalie is passionate about leading forward-thinking legal professionals towards the future of legal practices. With over 20 years’ experience in finance, Natalie's expertise in anti-financial crime and regulatory compliance for source funds in property transactions has set her apart as a leader to implement new and evolving strategies to shape the future of the legal sector.

  • Elena Manukyan

    Panelist, Socially Legal

    In 2020, after seeing that legal services could be delivered from almost anywhere, Elena decided to launch her own firm. Specialising in personal injury law and being a small firm, Elena is able to offer clients a personalised service which you simply don’t get from large firms in the UK.

Join and participate in our Making of a Law Firm Series throughout 2021

This event is part of a year-long series of events The Making of a Law Firm Series, featuring four law firm founders who are building legal businesses that were established in 2020 during a global crisis.

Our 4 leaders are:

Kim Cross, Partner at Vine LawNatalie Foster, Founder at Foster Clay LawElena Manukyan, Partner at The Injury SolicitorAlistair Wells, Founder and Director at Tend Legal

Together we will tackle questions such as:

How to build a pipeline of clients How to manage your firm’s cash flow What technology you need at your firm How to attract, hire, and keep top talent How to renew your PII and get the best deal How to create a strong brand And much more

If you are interested in joining as an expert, or if you want to suggest a topic to cover, please email geraldine.oreilly@clio.com