COURSE CATEGORY
Practice management and business skills
Big profits, empty pockets
Reviewed on 12 November 2025.
Law firms dedicate countless hours to yearly planning: data exports, endless spreadsheets and back-to-back meetings. After all that work, the process can still feel unproductive, with budgets often disregarded or quickly outdated: “The numbers are off,” or “Things are different now!”
This course cuts through the clutter and helps you understand the role of cash flow and working capital in expanding your practice and build a financial approach that’s practical, actionable, and designed to make an impact.
The course will dive into the following topics:
- Balance sheets
- Working capital
- Self-financing growth ratio
- How fast can you afford to grow?
- Other factors to consider in your practice
- Case study: Ambitious lawyers
Completion of this course will earn you 1 CPD unit
TARGET AUDIENCE
Solicitors in general practice.
CPD POINTS
1
TYPE
Video based interactive module
Russell Colourne
Russell Colbourne has more than 25 years’ experience in business advisory and acting as a director on the boards of companies. Russell’s role includes setting and executing strategy as well as controlling budgets and driving cultural change.
Russell’s expertise includes governance, management, finance and management consultancy. Russell has gained exposure to a range of industries and and is adept at putting in place strategies and resources needed to overcome business challenges. This ranges from start-up operations and/or planning entry to a new market, overhauling existing organisation leadership teams through to complex mergers, acquisitions and divestments.
After working in aviation with the Virgin group, Russell developed a passion for startups and scale-ups helping entrepreneurs and organisations achieve their goals. In addition to his work as a part time CFO with the CFO Centre Australia, Russell serves as a director of the Founder Institute in Adelaide providing strategic advice as a board member to high growth businesses.
