This course will sensitize students to the business considerations that will affect their professional careers, and will provide a business framework for analyzing legal issues and career decisions. The topics covered will include law firm culture, understanding the factors that determine law firm profitability, impediments to running a profitable business, issues in formulating a successful business strategy, associate recruitment, retention and training, associate and partner compensation philosophies and practices, marketing techniques and client management, billing alternatives and strategies, firm management and governance, the real differences in different-sized firms. applying profitability principles in legal jobs other than private practice, and personal financial and life style management.