Best Financial Statements for an Attorney to Review

As an attorney, you should review your law firm's financial statements to get a sense of the firm's financial health and identify any potential issues that may need to be addressed. Some key...

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10 Tips for a More Profitable 2023 for your Law Firm

 OK, you filed your taxes, or you've at least submitted your records to the tax professional for processing. It feels like a relief unless you didn't pay enough estimated taxes, and then you...

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What's the Difference Between a Law Firm's Bank Account and The Lawyer’s Wallet?

A law firm is a business; as such, it's important to remember that it needs to be run like a business - which means ensuring your personal finances are kept separate from the business finances....

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Top 5 Bookkeeping Mistakes that Law Firms Should Avoid

We are in a full-on rush to get the books updated for our tax professionals. Are you looking at your books and seeing something "off"? There is a lot that goes into running a law firm. The most...

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Why Mid-Sized Law Firms Should Outsource their Legal Accounting

This is a question a potential law firm client asks me with a file requiring cleanup.  So what is legal accounting as opposed to regular accounting?  Legal accounting is keeping...

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Attorney Partner Equity - What Is Attorney Partner Equity?

Accounting for partnerships is a process that takes time and effort. Depending on the partnership agreement, there can be a lot of adjustments to the partners' capital accounts. This article will...

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Choosing the Right Legal Tech Software

If you're looking for legal technology software to help your law firm, this blog post is for you! We will review the two legal tech software programs we use and help you make the best decision for...

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Comprehending the Finances at your Law Firm


Law firms need to be profitable because if they aren't, they won't survive. They need to generate enough revenue to pay staff, cover costs, and provide a return on investment. Is this you?...

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KPIs Lawyers, Why Do You Need Them?

Businesses use key performance indicators (KPIs) to measure how well they're doing. They provide an objective view of how well a business is performing. KPIs are also useful for lawyers because...

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