Services · Legal Practices · Worldwide
Three services, each built for a specific accounting function
Each service addresses a distinct area of legal practice accounting. Some firms need all three; others start with one. Here's what each covers.
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Accounting services structured around how legal practices actually work
The three services below address the areas of legal practice accounting that are most often under-served by general accounting setups: the practice-wide accounting structure, dedicated trust account management, and partner distribution calculations. They can be engaged separately or in combination depending on what your firm needs.
Pricing is transparent. Scope is specific. If you're unsure which service fits your situation, the starting point is a brief conversation — not a commitment.
Service 01
Legal Practice Accounting
Financial record-keeping and reporting adapted to the requirements of law firms and legal practitioners. Covers trust account management, IOLTA compliance, client billing reconciliation, and partner compensation tracking. Reports distinguish between operating and trust funds with full audit trails. Suitable for solo practitioners and small to mid-sized firms with up to twenty attorneys.
What's Included
- Trust account management
- IOLTA compliance tracking
- Client billing reconciliation
- Partner compensation tracking
- Full audit trail documentation
- Monthly compliance-formatted reports
Suited For
- Solo practitioners
- Small to mid-sized firms
- Up to twenty attorneys
- Firms with trust account obligations
Service 02
Client Trust Account Administration
Dedicated management of client trust accounts ensuring compliance with bar association rules and regulations. Includes three-way reconciliation between bank statements, individual client ledgers, and the master trust account. Provides monthly reconciliation reports and alerts for any discrepancies. Designed for firms handling retainer deposits, settlement funds, or escrow arrangements.
What's Included
- Monthly three-way reconciliation
- Individual client ledger management
- Master trust account reconciliation
- Discrepancy alerts within billing cycle
- Monthly reconciliation reports
- Bar association compliance formatting
Suited For
- Firms handling retainer deposits
- Practices managing settlement funds
- Escrow arrangements
- Firms with bar audit history
Service 03
Partner Distribution Calculations
Periodic calculation of partner distributions based on the firm's compensation structure, whether based on ownership percentages, points, or performance metrics. Includes preparation of supporting schedules, tax withholding estimates, and capital account adjustments. Delivered monthly or quarterly as needed. Appropriate for partnerships with three or more partners.
What's Included
- Distribution calculations per compensation model
- Supporting schedule preparation
- Tax withholding estimates
- Capital account adjustments
- Documented methodology per period
- Monthly or quarterly delivery
Suited For
- Partnerships with 3+ partners
- Ownership-based compensation
- Points or performance models
- Firms with capital account obligations
Finding the Right Fit
Which service, or combination, makes sense for your firm?
Complete legal practice accounting
Full accounting structure including trust management, billing reconciliation, partner tracking, and compliance-formatted reporting.
Legal Practice Accounting →Focused trust account management
Dedicated three-way reconciliation and client ledger management, with monthly reports and discrepancy alerts structured for bar compliance.
Trust Account Administration →Partner distribution clarity
Structured calculation schedules with documented methodology, tax withholding estimates, and capital account adjustments — quarterly or monthly.
Partner Distribution Calculations →Not sure?
Some firms start with trust account administration and add practice accounting once the structure is in place. Others engage all three services together. A brief conversation usually clarifies which combination fits where your firm currently stands.
Get in Touch to DiscussHow Services Work Together
Each service is complete on its own. In combination, they cover the practice fully.
Legal Practice Accounting covers the broadest scope — trust management, billing reconciliation, and partner compensation tracking all fall within it. Firms that engage this service typically don't need to add Trust Account Administration separately, as trust account management is already included.
Trust Account Administration is the right choice for firms whose general accounting is handled elsewhere, or who want dedicated trust account management as a standalone function. It runs independently of the broader practice accounting scope.
Partner Distribution Calculations can be added to either of the above, or engaged as a standalone service for firms whose general accounting is otherwise covered. It's designed to integrate with whatever accounting structure is already in place.
Full practice accounting coverage including trust management, combined with structured quarterly distribution schedules. Suited for multi-partner firms that want both functions handled within the same engagement.
For firms whose accounting is handled in-house or by a general accountant, but who want dedicated trust account management to ensure the reconciliation and documentation meet bar association standards.
Complete accounting coverage for the legal practice — trust management, practice-wide accounting, and partner distributions all handled within a single engagement structure.
Getting Started
What the process looks like from first contact to ongoing work
Initial conversation
Brief exchange to understand your firm's current setup — account structure, billing cycle, compensation model, and what you're looking to improve or establish.
Practice assessment
A more thorough review of the current account structure and compliance status — identifies what setup is needed before anything is configured.
Setup and configuration
Account structure established to match bar requirements and the firm's compensation model. Trust accounts, operating accounts, and partner capital accounts organized correctly from the start.
Ongoing monthly work
Reconciliations, billing reviews, distribution calculations, and financial statements delivered on a consistent monthly and quarterly cycle — with an annual structure review included.
Ready to Talk
Tell us about your firm and where your accounting currently stands
We'll follow up within one business day to discuss which services fit your setup and what getting started would look like for your practice.
Get in Touch