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In the legal profession, maintaining accurate and compliant bookkeeping practices is not just a matter of good business; it is a...

IOLTA accounts, or Interest on Lawyers' Trust Accounts, play a crucial role in the legal profession. They serve as a means for attorneys...

Understanding the requirements for trust accounts can be a daunting task for many legal professionals. However, having a clear...

Cash and accrual accounting are two primary methods used for tracking financial transactions in businesses, including law firms. Each...

Running a law firm is about more than winning cases—it’s about building a financially sustainable business. For lawyers, understanding law firm revenue  and mastering law firm accounting  can mean the difference between a thriving practice and one struggling to stay afloat. Yet, many attorneys find the financial side of their practice daunting, often because it’s not taught in law school. Whether you’re a solo practitioner or managing a mid-sized firm, knowing how your revenu

Advanced client costs are the costs a law firm incurs during a case on behalf of a client. The client later pays back the law firm or the...

You know how heavy the weight of obligation is as a lawyer. You have to balance your clients' cases, court deadlines, and the moral...

As a law business owner, your IOLTA account (Interest on Lawyers’ Trust Accounts) is more than just a bank account—it’s a cornerstone of...

Taking care of trust accounts is a very important job for law firms. These accounts hold client money, and if you don't handle them...

As an attorney or administrator of a law company, you know that keeping the books in order is just as important as winning cases. Making...

Focus is needed to run a law firm on issues, clients, and how to win in court. But there is a job that needs to be done that can't be...

Imagine that you are a lawyer who has a lot of cases, clients, and due dates to meet. You have an IOLTA account , which is a special kind...