29 08
Depending on what state you are practicing law, your practice will be subject to different rules, regulations, and audit programs. Many CPAs and bookkeepers are unfamiliar with some of the specific accounting rules and regulations that affect attorneys. It’s up to you to make sure that your firm utilizes legal accounting solutions that take your […]
23 08
These days, it can feel like a full-time job just trying to keep up with new technology, all of which seems to promise time-saving solutions that will revolutionize both your professional and personal lives. Especially in the legal industry, recent advances and new applications have transformed complicated, out-of-date methods, speeding up communication with colleagues and […]
22 08
No matter how large or small your law firm is, your firm is subject to the same compliance requirements as any other firm. For small firms with limited resources, this can make an audit a difficult process. And for small firms that lack dedicated resources, utilizing legal practice management systems in the cloud can be […]
17 08
For firms using general business accounting software, there is often a gap between billing and accounting. This can result in a lost recovery of matter costs and incorrect allocation of income and disbursements. The best way to bridge this gap and effectively manage your firm’s accounting is to use a legal specific software solution that […]
16 08
While the need for a law firm to remain compliant may sound like a no-brainer, any attorney can tell you that the actual processes and protocols involved are a bit more complicated. And when it comes to Trust Accounting (also known as Escrow Accounting or IOLTA Accounting), individual state requirements and compliance are of the […]
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