Practice Management - Operating a Small Business

Course Code: PRLG 5302

Academic Year: 2024-2025

This course provides students with the tools for launching a successful independent paralegal practice, including establishing an appropriate fee structure, the practice management obligations under the Paralegal Rules of Conduct, insurance requirements, and acceptable marketing and advertising practices within the paralegal scope of practice. Students will develop an effective business plan and learn how to manage and evaluate the financial performance of the small business utilizing financial accounting statements, and assessing liquidity, profitability, stability and return to owners.