Most firms start working with virtual CFOs around the 15-lawyer mark, as they outgrow simple bookkeeping needs. Mid-sized firms often create effective solutions by keeping bookkeepers for daily tasks while bringing in part-time CFOs for strategic planning. Get connected with vetted Axiom legal professionals, seamlessly integrated into your team, when and how you need them. At 96% client satisfaction, our tech-forward bench offers experience you can trust. Maybe it’s opening an ice cream shop, starting a dog rescue, or owning a second home with no neighbors for miles. But no matter what your vision is, it’s personal to you — and it takes a personal approach to help you realize it.

Scalability for Growing Law Firms

The Bookkeeping for Law Firms Big-Law-focused startup Harvey says it hires lawyers to work in sales and build legal workflows. Harvey and other legal techs like Casetext and Ironclad were founded by former Big Law attorneys. As law firms expand internationally, multi-currency and multi-company accounting features are becoming indispensable. Tools like LawAccounting cater to these needs, ensuring global compliance. Virtual CFO services have evolved from a temporary fix into a mainstream solution for modern law firms.

Report: AI speeds up work but fails to deliver real business value

Norm Law is one of a handful of new entities registered as law firms but using AI to complete work that is then reviewed by lawyers. The new firms are trying to leverage AI-driven disruption to find different ways to offer legal services to corporate legal teams. Reconciling these forms with your own books is important so your reported income matches what others have reported to the IRS. Running reconciliation can be time-consuming and exhausting, so this can be a good time to leverage your practice management system’s accounting platform.

Easily organize and manage documents

UK-founded Eversheds Sutherland on Wednesday said its US operations surpassed $500 million in revenue for the first time last year, marking a 9.2% increase from the previous year. Litigation powerhouse Quinn Emanuel expects to report at least $2.7 billion in revenue for 2025, with its partner profits passing $9 million for the first time. Bryan Cave Leighton Paisner has its best-year on record with $912 million in revenue last year.

Assistant Controller jobs

This means more time for what matters most—advocating for your clients and growing your practice. A law firm Bookkeeping for Law Firms accountant typically handles higher-level financial tasks, such as preparing tax filings, reviewing budgets, and offering strategic advice. Secure access to trust accounting software for law firms is provided, and workflows are tailored to your firm’s operations. Roles, permissions, and checks are clearly defined to ensure smooth data handling. Our team configures the system for easy tracking of deposits, withdrawals, and client balances.

Controller ($140-165K +Bonus)

Companies may use retainer payments, hourly rates, or fee-based charges. Each method requires unique processes to ensure accurate transaction recording. The lack of a clear trust accounting algorithm may lead to inefficient billing, payment distribution issues, or incorrect revenue calculations. Trust funds must only be used for client-related expenses under proper law firm trust accounting controls. Law firms handle client funds every day, and with that comes a major responsibility. Law firm trust accounting is not just a bookkeeping task—it is a legal obligation that demands accuracy, transparency, and strict compliance.

• Using these tools, we help reduce errors and improve control over client funds.
• Proper handling of trust accounts helps law firms meet regulatory expectations and maintain client confidence.
• Firms can adjust their financial leadership without worrying about long-term commitments or recruitment issues.
• This piece compares both options based on cost, availability, industry knowledge, and scalability.
• Tools like LawAccounting provide the specialized features needed to excel in this evolving landscape.

HOUSTON, Texas (KTRK) — What was supposed to be a business trip to France ended in tragedy for a prominent Houston law firm and several local families. Unlock the insights and tools your manufacturing or distribution leadership team needs to take charge of strategic planning and drive your business forward in the year ahead. Track time on your terms and turn it into beautiful invoices in seconds. Accept secure payments, set flexible rates, and manage your business without cobbling together extra tools.

• Our team specializes in outsourced law firm accounting and provides tailored law firm accounting solutions to support your growth.
• Give your firm a competitive advantage by keeping all your critical tools under one software.
• Software automates record keeping and tracking of trust funds, reducing manual errors.
• They guide office managers and bookkeepers who handle daily operations.
• It also underscores the growing reach of private equity into ever-new sectors of the economy.

Track time by task, project phase, or deliverable with total clarity. Bill hourly, by retainer, or per project, and send client-friendly reports that back up your value. Clients can access invoices, payment history, and documents in one place, reducing back-and-forth and improving communication across the board. Deepen your knowledge with our latest free articles, industry reports, practice area guides, and upcoming or on-demand webinars and CLEs. Overcomplicated workflows and too many tools dragging down your productivity? Give your firm a competitive advantage by keeping all your critical tools under one software.