Your Legal Practice Isn’t Just About the Law
You excel in advocating for your clients, but what about your firm’s financial health? Between keeping up with trust accounts, running payroll, maybe tracking multiple revenue types – your financials may look more like a tangled web than a streamlined process.
Solutions for Every Practice
Solo Firms
Leslie is starting her own practice. She's great at getting results for clients, not bookkeeping. She wants her accounting records and tax structure correct from the beginning. Why spend time and energy to DIY just to get it wrong anyway? Leslie needs regular financial updates and someone who can clearly and timely explain the financial side of her practice to her.
Growing Practices
Ron hasn't looked at his financials in a long time. If there was money in the bank and new clients coming in the door, all was fine. Now Ron is ready to get to that next level of growth and understand the financial side of his firm. Is his expensive new marketing plan generating results or just eating cash? Are his IOLTAs in compliance? He needs to know his numbers. Quickly.
Large Firms
Donna is the partner in charge of finances at her firm. The firm's accounting records aren't being worked on regularly or consistently. Donna can't get meaningful numbers to her CFO or division leads. She can't get K1s timely to the ownership group, let alone information for forward-looking tax planning. The firm's accounting and taxes just need to be done and they need to be done right.
K1 Partners
Ben is excited to be new a partner at his firm. He is less than thrilled about the administrative hassle that comes along with it. Ben knows his tax situation and tax return filings will be different now, but he doesn't really understand how or what his options are. Ben needs a tax advisor who will educate him, clearly lay out his choices, help him make decisions, and help him execute on those decisions.
Our Services For Law Firms
We understand the unique financial landscape of the legal industry.
We specialize in working with fast-growing law firms with annual revenues ranging from $250,000 to $20 million.
Wealth
Management
Like you, we begin with the end in mind. Let’s align your personal and firm’s financial objectives, making your numbers work for you. Together, we'll navigate towards your financial goals.
Strategic
Tax Planning
We keep you up-to-date on ever-changing tax rules and ensure your tax strategies are effective and efficient. Already have a tax advisor on your team? We can work with them to get them the numbers they need.
Accounting &
Bookkeeping
Solid financials are the cornerstone of a successful law firm. Messy books lead to poor financial decisions and missed opportunities. We handle the month-to-month, so you can look forward with confidence.
Trust Accounts
Proper trust accounting is critical. Advanced payments aren’t yours until you’ve earned them. A lot of behind-the-scenes tracking and funds transfers must take place to ensure compliance with applicable state bar rules. Are your trust accounts in order? Accurate trust account maintenance is a core component of our monthly accounting process. We can also perform one-time clean ups of trust accounts as special projects for new clients. From IOLTAs to escrow accounts, we’ve got you covered.
Special Projects for Law Firms
Accounting Clean Up
If your books & records were already in good order, you likely wouldn’t be here! From a few months of unreconciled statements to a few years of questionable recordkeeping, we'll get you squared away.
Trust Account Cleanup
Trust accounts can’t be wrong. We'll work with you to get them in order.
Retirement Planning
Looking to establish a retirement plan for your firm? We can help you select an optimal plan and determine contribution amounts. For our wealth management clients, we can even help you decide how best to invest your account balance. Need help navigating your firm’s current plan? We’ll work with you and your third-party administrator to ensure maximum contributions are timely made.
Your Financial Team,
Specialized for the Law
Your practice deserves more than generic financial services. From estate planning to corporate law to personal injury practices, we offer tailored solutions that meet your unique needs.
What Our Clients Say:
Ready to Elevate Your Practice?
Take the first step toward financial clarity and operational efficiency. Fill out our contact form and we’ll get in touch to discuss how we can be your financial experts.