An in-house CFO costs about $400,000 plus benefits yearly, while virtual CFO services range from $3,000 to $10,000 monthly. This represents a 30-60% cost reduction compared to full-time executives. Virtual CFOs typically serve multiple clients instead of a single employer, which gives them experience in a variety of businesses and industries.
Let’s simplify your law firm’s finances—starting today.
When you utilize manual processes and disconnected software, you risk compliance issues, missed billing opportunities, lost profit, and waste your valuable time. Lescault and Walderman provide bespoke outsourced accounting services for law firms. Yes—we’re a boutique legal accounting firm that partners exclusively with law firms. While we support firms of all sizes, our specialty is working with 2–5 attorney practices that value sustainable growth, strategic insight, and operational peace. If you’re running a law firm and seeking clarity and partnership—not just compliance—we’d love to support you.
- Take time to evaluate your firm’s current revenue, growth path, and daily financial needs before deciding.
- Koma Consulting Group PC offers a one-stop shop for attorneys and law firms seeking outside help for accounting, payroll, HR, an financial planning and forecasting needs.
- From trust accounting to partner distributions, we keep your books clean, accurate, and defensible.
- By offering customized services tailored specifically for law firms, 3sixty relieves the burden of day-to-day and monthly financial tasks, empowering you to make better, more informed decisions.
- You’ll avoid disputes, stay compliant, and gain real-time visibility into performance.
Healthcare Accounting Essentials: Getting It Right from Day One
Our feature-rich tools and smart integrations help you automate tasks, reduce stress, and focus on meaningful work. CARET Legal is proudly recognized as “Cloud-based Practice Management Platform of the Year” by the 2025 LegalTech Breakthrough Awards. This CLE for in-house counsel explores ethical challenges in advising corporations, including multijurisdictional practice, confli… While LPO can solve some problems, it frequently creates new ones. This is where Axiom’s model offers a fundamentally different an… Deepen your knowledge with our latest free articles, industry reports, practice area guides, and upcoming or on-demand webinars and CLEs.
FINANCIAL SOLUTIONS THAT GROW YOUR FIRM
Successful business owners build teams of skilled professionals who are experts in a particular area. Outsourcing bookkeeping and accounting services used to be a luxury reserved for big law firms. Now, with the The Importance of Professional Bookkeeping for Law Firms increasing use of technology in the legal industry, these services are accessible to solo practitioners and small law firms alike.
Most fractional CFOs have more than 15 years of specialized financial experience and cost much less than a full-time CFO. Money should move from trust to operating accounts after services are billed and finished. The FASB’s revenue recognition standards need consistency across industries, which changes how law firms record their earnings. These standards change financial statements and can affect partner compensation deals and client agreements. Smart CFOs use specific tax strategies to boost profits while staying compliant.
Meet Our Legal Talent
To learn more about law firm accounting and 10 Reasons Accurate Financials Are Important click here. Get deeper oversight with part-time controller support—ideal for firms needing tighter controls without full-time costs. Trust accounting is a cornerstone of our work, and we understand the compliance standards required by your state bar and the ABA. We reconcile trust ledgers monthly, track client balances, and support 3-way trust compliance—without the overwhelm. This isn’t just bookkeeping—it’s a strategic financial partnership with your peace and profitability in mind. Depending on your firm’s size and systems, support may also include partner compensation tracking, dashboard metrics, payroll, or billing support—we work with you to design a package that fits.
Attorney-Led Expertise
We partner with independent law firms, legal groups, and legal service organizations (LSOs) across various practice areas. We manage the numbers so you can focus on clients, cases, and compliance. From trust accounting to partner distributions, we keep your books clean, accurate, and defensible. We provide proactive tax planning throughout the year to help minimize surprises during tax season. Our team ensures your filings are accurate, timely, and optimized for your firm’s unique financial picture.
As a result, it’s fantastic to arrive at work every day without any backlog. When you work with us, you can expect unparalleled professionalism and boots-on-the-ground engagement with your systems, processes, and procedures. We will work tirelessly to help you overcome challenges, grow, and remain profitable and accountable. Whether you’re interested in working with us, need an expert opinion – or just want to find out more about what we do, we’d love to hear from you. Having that safety net and multiple sets of eyes to check on all those workflows helps me not miss anything, and helps me feel comfortable that everything is done correctly.
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