Many lawyers think of accounting and balance sheets as a job of an accountant, and do not take time to become proficient in understanding the basic rules of accounting. However, obtaining and maintaining even a basic understanding will assist lawyers at all levels to assess the financial health of a business, the success of management decisions and business performance. This knowledge is particularly helpful in the legal practice, whether in Corporate Finance, M&A, Litigation or Tax practice areas.
Connie Carmichael is a qualified accountant with more than 25 years of global accounting experience. In addition to her practice experience, Connie regularly teaches at the top law schools in Hong Kong and serves as an external training consultant in the Asia offices of some of the world’s leading law firms, instructing trainee solicitors, solicitors and Partners on accounting and its impact on their legal practice.