An outsourced finance team for law firms. We keep client money and firm money straight, reconcile trust every month, and give you financials you can read in a few minutes.
A sample firm with made-up numbers. Move the sliders to match yours.
A law firm's books carry something most businesses don't: other people's money. Retainers and settlement funds sit in trust until they're earned or paid out, and every dollar has to trace back to a client. When that goes wrong, it isn't only an accounting problem. It's a bar problem.
Then there's the gap between work done and cash collected. Hours get written down, invoices go unpaid, and costs advanced on a case sit on the books until they're billed back. A standard P&L doesn't show any of that clearly.
We set up your books so trust balances tie out to each client every month. On our CFO packages, we also show the line from billed time to cash in the bank.
Every package includes clean books, trust reconciliation, monthly financials and your portal. The deeper practice metrics come with our CFO packages, and anything pulled from your practice management software, like realization or open cases, is part of custom reporting.
Every package: The bank statement, the trust account in your books and every client's balance, tied out each month. The report stays on file in case your bar ever asks.
Custom reporting: How much recorded time gets billed and collected, pulled from your practice management software, so you can see where revenue slips.
Every package: Who owes what and for how long, every month, so follow-up happens before a slow payer turns into a write-off.
Every package: Filing fees, experts and other case costs tracked as money to bill back, not buried in expenses, so your profit isn't understated.
Every package: Income statement, balance sheet and cash flow each month in your portal, with draws and distributions recorded so every partner sees the same numbers.
CFO packages: We help you price flat-fee work, plan the next hire and set distributions, with a forecast built on your own numbers.
Operating and trust accounts reconciled, reviewed and closed by the 10th.
Three-way reconciliation, with any difference found and fixed, not carried forward.
Receivables, costs advanced and cash, compared with last month. On CFO packages, collections trends and profitability by practice area too.
Your portal updates with the month's numbers and a note on what changed.
Click through one made-up matter, from the client's retainer to the month-end reconciliation.
Yes. We record trust activity by client, reconcile the trust account three ways every month and keep the reports on file. Trust rules are set by your state bar, and we work within them.
Most firms bill out of a practice management system and keep their books in QuickBooks Online. We work from both, so billing, trust and the books agree.
It changes the shape of the year more than the books. Cash comes in lumps when cases settle, and costs advanced can build for months before that. Every package tracks costs advanced. On our CFO packages, we help you plan cash around settlements, and tracking open cases from your practice software is part of our custom reporting.
Yes. We can rebuild client balances from bank records and get trust reconciled before the monthly work starts. We'll tell you up front how far back it needs to go.
Law firms use the same flat monthly packages as every other client, priced by the work involved, not by the hour. Every package includes clean books, trust reconciliation, monthly financials and your portal. Collections and practice reporting, budgets and forecasts come with our CFO packages.
Start with a free conversation. We'll learn about your business, walk you through what makes sense for your situation, and give you a clear picture of what working together would look like.
