LAW FIRMS

1️⃣ Unique Financial Needs of Law Firms

Law firms deal with irregular cash flows, trust fund requirements, partner distributions, and evolving compliance requirements. Accurate, timely financial data is critical—not just for taxes, but for firm management.

🔼 Back to TOC

​

2️⃣ Services We Offer Law Practices

We support:

• QuickBooks Online legal bookkeeping

• Trust account (IOLTA) reconciliations

• Payroll and owner draw management

• Matter-level expense and revenue tracking

• Financial reports tailored to legal practices

• Strategic financial advisory

🔼 Back to TOC

​​

​

3️⃣ Trust Accounting (IOLTA Compliance)

One misstep in handling client funds can result in ethics violations. We help ensure clean trust reconciliations, 3-way matching, and documentation to protect your license and reputation.

🔼 Back to TOC

​​​

​

4️⃣ Tracking Case Profitability

Many firms don’t track which types of cases or clients generate the most profit. We help set up systems to allocate revenue and costs per matter—so you can focus more on what’s working.

🔼 Back to TOC

​

5️⃣ Payroll, Draws, and Partner Compensation

We handle complex compensation structures: W-2 staff, K-1 partners, contractor co-counsel, and performance bonuses. Clean records prevent misunderstandings—and IRS trouble.

🔼 Back to TOC

​​

6️⃣ Monthly Reporting & KPI Analysis

We provide more than just a P&L. Our monthly reporting may include:

• Revenue per partner

• Realization and collection rates

• Marketing ROI per case type

• Expense trends and risk flags

🔼 Back to TOC

​

7️⃣ CFO-Level Strategy for Growth or Sale

Thinking of opening a new office? Hiring associates? Planning for retirement or sale? We provide financial modeling, risk analysis, and roadmap development so your firm grows wisely..

🔼 Back to TOC

​

​​​​

​​​​​🚀 Ready to Discuss Your Needs?

Whether you're expanding, cleaning up your books, or preparing for succession, we're here to help.

👉Click here to schedule your free strategy call with our CFO ›

🔼 Back to TOC