Oregon State Bar CLE Seminars&—Powering Your Professional Development

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OSB CLE seminars cover many areas of law to educate Oregon lawyers and assist them in staying up-to-date on changing legal developments. Led by expert practitioners and nationally recognized guest speakers, our seminars cover various levels of expertise for the new and experienced lawyer.

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Reading Financial Statements for Lawyers, Part 1—OSB CLE Quick Call (Replay)
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1 General CLE credit

A deep understanding of financial concepts, statements, and how they relate to major and routine business transactions is essential knowledge for all attorneys advising businesses. This understanding is necessary to negotiate and structure transactions and to draft the underlying documents. This two-part program will help business transactional attorneys marry legal learning with financial understanding to better serve clients. It discusses major financial concepts and how they specifically relate to, and sometimes create traps in, major and routine business transactions, including business mergers, commercial borrowing, and the sale of business ownership interests.

Day 1—July 15, 2010

  • Overview of major concepts for business transactions, including corporate M&A, bank loans, and sales of business ownership interests
  • Understanding the components of a company’s capital structure
  • Differences between accounting books and tax books, and how the difference affects sales of business interests
  • Depreciation, amortization, and how they affect income and cash flow statements
  • Understanding EBITDA, intangibles, and more

Click to register for Day 1:

Day 2—July 16, 2010

  •  Relationship between financial issues and key provisions in business transactional documents
  • Cash flow versus operating income traps and tricks, and how they impact earnouts
  • Book versus market value in buyouts and valuation
  • Early warning signs of financial distress and drafting triggers
  • How to build in regular financial reporting in transactions
  • Working with auditors and understanding audit standards

Click to register for Day 2:

Speaker: Paul Kaplun is a partner in the Washington, D.C., office of Venable LLP, where he has an extensive corporate and business planning practice and provides advisory services to emerging growth companies and entrepreneurs in a variety of industries. Mr. Kaplun formerly served as an Adjunct Professor of Law at Georgetown University Law Center, where he taught business planning. Before entering the private practice of law, Mr. Kaplun, a certified public accountant, practiced in the Washington, D.C., office of a Big Five public accounting firm specializing in corporate and individual income tax planning and compliance.

(Original program date: April 6 & 7, 2010)