25
Apr
While the primary focus of any law firm should be providing sound legal advice to clients, the only way to ensure quality service is to keep business up and running—which...
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17
Apr
Trust accounting, also known as escrow accounting or IOLTA accounting, is an essential component of every law firm. From tracking client funds in trust accounts to meeting state regulations to...
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27
Mar
When putting together a complete picture of your firm’s matter balances it should include account A/R, WIP, and your trust balances. Open invoices with trust retainers must first be cleared...
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22
Mar
Trust accounting requires legal-specific accounting, so the system your firm uses to manage its trusts should be legal-specific. General systems require workarounds to create the appropriate ledgers and reports and...
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21
Mar
Trust accounting challenges pose not only a compliance concern, but can also affect a firm’s bottom line. Learn more from this article....
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15
Mar
Law firms are responsible for much more than just what happens inside the courtroom. They are the keeper of financial records and sensitive information of their clients. It’s important that...
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14
Mar
When a law firm decides to upgrade its legal software by moving to the cloud, it invests in its future. While migrating data is an involved process, the benefits of...
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13
Mar
Attorneys are attorneys, but any attorney with their salt also knows that they have responsibilities tied to accounting matters as well. Many firms use software to help manage some of...
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01
Mar
Managing a law firm is much like any other business, you need to find your most successful areas and grow from there. Implementing a practice management system that allows you...
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27
Feb
Most small firms are looking for ways to grow and expand their business. There are 3 things all of these firms can do to grow: Make sure you are tracking profit...
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