Tech Tip #183:
Compliance Should Be #1 Priority in Legal Accounting

Lauren Murphy
Written by: Lauren Murphy
Updated: 7 April, 2026
Legal Accounting Compliance

If you are an attorney you’re familiar with trust accounting and you probably aren’t fond of it either. Unfortunately, it is an area of running a law firm that can’t be ignored. Firms will often ignore the 3-way reconciliation process until it is required because it’s complex. Put technology in place that automates the process and ensures that all of your firm’s accounts are reconciled at any time so that when a legal accounting audit surprises you, you’ll be compliant and ready. Learn more about the 7 Habits of Successful Law Firms in our recent blog post.

Notebook

Written by
Lauren Murphy
Lauren Murphy is Vice President of Product Market Strategy at ProfitSolv. Before joining ProfitSolv, she spent the 10 years working with strategic consulting firms focused on the legal industry, resulting in in-depth discussion and analysis of hundreds of law firms learning how they manage the business of their legal practice.
Lauren Murphy
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CosmoLex is cloud-based law practice management software that integrates trust & business accounting, time tracking, billing, email & document management, and tasks & calendaring, in a single application.
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