Collection & Distribution of Fee Income

For people outside of the legal profession, the profession may seem pretty straight forward. An attorney litigates and gets paid. End of story, right? Unfortunately those of you who are involved in the legal world understand that there is much more to be concerned about. In the legal profession lawyers operate under the terms of […]

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To Commingle or Not To Commingle- Is It Really A Question?

A common misconception when it comes to legal accounting is that every single lawyer needs to establish a trust account. While it is a sound legal accounting strategy, it isn’t always required. Some states do not require that attorneys establish a trust account, and they can even accept client fee advances into business operating accounts. […]

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Credit Card Acceptance for Law Firms-Part 3: Internal Concerns

In part 1 of our blog series we discussed the two areas of concern when it comes to law firms accepting payment via credit cards. We identified those two areas as external and internal. The external concerns are largely associated with the credit card merchant a firm chooses to work with. These concerns were discussed […]

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