16
Jul
Since states have their own compliance requirements for items like handling unclaimed funds and operating versus trust retainers, you must be aware of and follow your particular jurisdiction’s rules and...
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11
Jul
Since attorneys often handle client trust accounts, legal trust accounting must be fully understood and properly implemented. Unfortunately, many firms lack the expertise and tools necessary, and a large percentage of disbarments...
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05
Jul
The decision to switch banks requires careful evaluation and planning for any business, but the unique requirements laws firms face makes proper preparation even more important. Trust accounts are a...
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28
Jun
Financial security, the peace of mind that comes with knowing your finances and long-term planning and processes are in order, is priceless. While many people devote countless hours and other...
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28
Jun
No attorney wants to find themselves involved in disputes with clients, but unfortunately, it’s part of doing business. That’s not to say that disputes can’t be minimized. By employing the appropriate...
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26
Jun
When it comes to properly handling trust accounts firms must be aware of the types of funds that can be kept in a trust and those that cannot. Settlement funds,...
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20
Jun
Whether in your personal or professional life, disagreements are never pleasant, and client disputes, in particular, can become a real mess. The nature of client disputes varies, as do their severities...
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22
May
For law firms, accepting credit card payments can be tricky. It becomes easier when your firm puts these best practices in place. Use a payment processor that can handle...
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15
May
With over 2.2 million users, QuickBooks is the go-to general accounting program for many small businesses. When it comes to law practices, however, QuickBooks does not directly address many of...
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02
May
Picture this: You have just found out your law firm’s trust accounts are about to be audited. What’s your first reaction? Managing client funds is a significant responsibility, and unfortunately, we’ve...
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