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In the complex and regulated world of legal practice, managing finances goes beyond mere bookkeeping; it's a cornerstone of ethical law...

In the meticulous world of law firm financial management, grasping the distinctions between Undisputed Funds and Disputed Funds in a...

For law firms, the correct handling of client funds is not only a best practice but a crucial ethical obligation. This article delves...

Discover the key differences between operating retainer and trust retainer for attorneys. Learn which one suits your needs with our complete

Administrative tasks like law firm billing and invoicing can be tedious and time-consuming and you may be stuck if you don’t implement...

The Completed Guide To Better Law Firm Bookkeeping and Accounting Practices!

While you’ve spent years honing your skills to become a great lawyer, you didn’t understand deeply about law firm bookkeeping or...

Attorneys routinely receive and handle money that belongs to clients for future use such as security settlement payments, fees advanced...

A three-way trust reconciliation involves three components that must match. If the three numbers don't match, you have to investigate to kno

Many people often consider ‘income’ as a synonym of ‘revenue’ since both terms refer to positive cash flow. Understanding the difference...

Lawyers are not accountants and they often make the same common mistakes when it comes to accounting for law firms.

Business success and sustainability are dependent on revenue. This metric is also critical to accounting and law firm bookkeeping, law...