We offer strategic tax planning solutions that will ensure that will minimize your tax liability . Automate billing using software that integrates seamlessly with LeanLaw timekeeping. Invoicing delays disrupt payments and strain vendor relationships, limiting a firm’s ability to plan ahead. Billing disputes caused by inaccurate records damage credibility and hinder referrals. Internally, staff lose valuable time resolving errors instead of focusing on client needs, affecting morale and productivity. Explore our comprehensive collection of industry-specific guides, case studies, and insights designed to help businesses streamline finance and accounting operations through outsourcing.

Specialized Services for Law Firms

Our NYC CPA firm can handle everything from bookkeeping and financial statements to tax returns and tax planning strategies. «LawFuel has been providing news, tools and views to help lawyers since 2001, one of the Internet’s first law business sites.  We continue to provide news on law firm marketing, technology and business issues.» Mike Schmidtberger, Sidley’s executive committee chair from 2018 to 2025, has joined Norm Law LLP as chairman, partner, and head of the investment funds and regulatory practice. Schmidtberger stepped down as Sidley’s executive committee chair last spring under firm rules that require the chair to step aside after turning 65. Schmidtberger continued working as a partner at the firm before retiring last month. With the passage of The Tax Cuts and Jobs Act of 2017, —many law firms are still trying figure out how the new legislation is impacting their firm and partners, as well as evaluating how they can best position their firm for the future.

Citrin Cooperman Continues Southern California Expansion with Gatto, Pope & Walwick, LLP Acquisition

• With accurate bookkeeping in place, a firm is better equipped to manage risk and pursue growth opportunities with confidence.
• Reliable bookkeeping gives firms the information needed to plan with purpose.
• Get monthly statements that are easy to understand and include the numbers that matter, like your P&L and expenses.
• The combined firm is expected to have about $3.6 billion in revenue.
• Billing disputes caused by inaccurate records damage credibility and hinder referrals.
• Learn how to build, read, and use financial statements for your business so you can make more informed decisions.
• Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

We help many lawyers each year, so we know what strategies work and what don’t. From bookkeeping to financial statements to tax planning strategies. We maintain emphasis in consulting, tax, and accounting services to all types of law professionals — from smaller two-partner practices to larger firms. “Mike, leading a top six firm in the world, brings a lot of that leadership perspective of how to build a really successful law firm,” Nay said. With Bench, you get a team of real, expert bookkeepers in addition to software. You’ll always have the human support you need, and a mobile friendly platform to access your up-to-date financials.

• The firm targets clients in financial services and is being built in collaboration with Blackstone Inc.’s in-house legal team.
• We give them access to the specialized guidance they need to master their accounting practices and grow.
• Our team of pros is familiar with New York tax rules and will customize their approach to your business’ unique needs.
• Many firms turn to us for their accounting and tax needs simply due to time constraints – but we offer more than just outsourced accounting services.
• Firms reduce in-house overhead while gaining access to expertise designed specifically for the legal sector.
• Don’t let staffing shortages, turnover, or inefficiencies hold your business back.

Here’s why New York City business owners like you trust Bench with their bookkeeping

Your actual pay will be based on your skills and experience — talk with your recruiter to learn more. After closing shop in Chicago in 2024, the firm is reopening in the city to host team leader Mike Poulos. It’s also opening in Dallas to welcome members from the https://canvomagazine.com/how-bookkeeping-for-law-firms-strengthens-financial-health/ McDermott team, while launching in Houston with a former Akin litigator. Our website requires acceptance of our cookie policy in order to successfullysubmit your information to us. Don’t let staffing shortages, turnover, or inefficiencies hold your business back. Outsourcing gives you the support you need—without the hiring headaches.

These challenges underscore Bookkeeping for Law Firms the importance of maintaining precise financial records. A dependable system reduces errors, strengthens compliance, and protects long-term financial stability. With the clock ticking toward Winston Taylor’s merger vote and two more ballots on the horizon for Hogan Lovells-Cadwalader and Ashurst-Perkins Coie, experts break down the high-stakes strategies at play. The focus on earlier diligence—sometimes just after the first meeting with a candidate—reflects the escalating risks and stakes in partner recruiting.

Bench simplifies your small business accounting by combining intuitive software that automates the busywork with real, professional human support. Scott M. Aber, CPA are experts in providing law firm accounting services. They maintain a prestigious emphasis in consulting, tax, and accounting services to all types of law professionals.