Accounting for Your Legal Firm
Accelerate Growth With Consultance Accounting’s Legal Firm Growth Formula
Attorneys and accountants often work in tandem to solve clients’ problems using complementary skills. When it comes to managing the finances of a legal firm, the right accounting team remains an irreplaceable partner that can accelerate your firm growth and provide business insights to ensure future goals are met.
Real-time Accounting is the Foundation of a Successful Law Practice
Accurate, real-time accounting for law firms and actionable expert advice are fundamental to building a strong financial foundation for your law firm. Consultance Accounting’s Legal Firm Growth Formula combines the six essential elements of successful law firm financial management into one proven service suite.
The Consultance Accounting Team works with firm management, partners, and owners to build and maintain a solid financial foundation in six critical ways:
- Comprehensive Legal Accounting Services
- Controllership and Outsourced CFO for Legal Firms
- Business Process Efficiency for Law Offices
- Legal Accounting System Optimization
- Strategic Financial Management for Informed Decisions
- Financial Insights to Support Law Firm Growth
Individually, each component of Consultance Accounting’s Legal Firm Growth Formula supports your law firm in remaining compliant with ethics regulations such as the ABA’s Model Rules of Professional Conduct, which stipulates key responsibilities for how trust funds must be managed, including proper recordkeeping, and client notifications in regard to the receipt of funds or property. Failure to comply with these regulations can lead to serious professional liabilities for your firm.
Consultance Accounting’s legal accounting service team has you covered to mitigate the risk of issues arising from your firm’s financial management. If you are currently not having your firm’s accounting handled by a professional legal accounting firm, you risk violations of compliance regulations which can lead to professional sanction and significant financial penalties.
Take action to protect your legal practice and achieve your next level of sound, successful growth.