Who We Are
Mission: Why do we exist? We exist to enhance the legal profession through advanced financial education. We strive to provide divorce legal practitioners with the information they need to increase their level of practice, reduce unnecessary litigation about financial matters, and to promote a membership that is current with todays legal environment and its trends.
Vision: What do we want to be? We want to be the primary tool divorce legal practitioners turn to in order to hone their financial litigation skills in addition to supporting the legal community and serving the public good.
Value: What do we believe in? We believe that divorce legal practitioners can contribute to the greater good through advanced financial training and by establishing meaningful relationships with others in our vast network.
Frequently Asked Questions
FAQ
Learn more about the American Academy for Certified Financial Litigators!
Our national headquarters is located at:
295 Madison Avenue, New York City, NY, 10017
(i) Elite divorce attorneys; (ii) Entire law firms; (iii) Exceptional law students; (iv) Judges; (v) Professors / Educators
The CFL™ training course consists of 10 modules that cover a wide range of financial topics taught by university professors and prestigious national firms such as Morgan Stanley, KLR, Advantage Payroll, Valuation Forensics, and Fairview Fund Administration.
Topics covered include: Accounting for Attorneys • Financial Statement Analysis • The Anatomy of Tax Returns • Tax Return Analysis • Understanding Investments • Compensation Issues • Business Valuation • Forensic Accounting • Economic Analysis for Attorneys • Income Available for Support Process • Lost Profits and Lost Wages • How to Cross Examine a Financial Expert • Preparing Effective Document Requests
The course is taught by a variety of our expert instructors. Morgan Stanley teaches all about understanding brokerage statements and investments, a professor of Finance from Bentley college teaches in the investment area also. Advantage payroll, a national payroll company, teaches about compensation documents, KLR – a national CPA firm has CPAs that teach about understanding financial statements and various local experts in each area teach about tax returns, valuation issues and unique divorce related topics.
You may complete the training at your own pace without any time constraints – it generally takes between 10-12 hours from start to finish.
The training course culminates with the 2 hour long CFL™ Exam which you must pass in order to demonstrate their proficiency, become certified by the AACFL and earn the use of the CFL™ designation. Don’t worry, though – we allow you to retake the exam until you pass!
We are not primarily a CLE organization, although many of our members do get CLE for taking our course. We have not encountered any members who have had an issue using the CFL™ training course for CLE credits, but we recognize that every state is different. Although many use this course for CLE, there are also many who take the course separately from CLE because it is so unique and as culminates in an award/certification. These attorneys report that they have taken it for reasons that go above and beyond CLE.
Absolutely! Please send us an email to discuss becoming a member and perhaps even launching a new chapter in your area!
Topics covered include:
Business Valuation • How Divorcing Spouses Hide Money • Executive Compensation – Divorce Considerations • RSUs and PSUs in Divorce • Divorce and the New Tax Laws • Capturing Cash Perks for Divorce • Property Division
Over 8 hours of content.