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Accounting and Financial Planning Tips for Law Firm Owners
Discover essential financial guidance specifically crafted for law firms to propel their success.


Year-End Law Firm Financials: What to Review Before You Close 2025
It's early January 2026, and if you haven't closed your books on 2025, you're either procrastinating or smart enough to know you need to get it right. Year-end law firm financials aren't about last-minute scrambling—they're about gaining clarity on your firm's true financial position before tax season chaos begins.
This comprehensive guide walks law firm owners through the five critical areas to review before closing the books for 2025.
Jan 13


The Law Firm KPIs Guide
Most law firm owners are flying blind—they know they're busy, but have no idea if they're actually profitable.
Law firm KPIs (Key Performance Indicators) are the measurable metrics that reveal whether your practice is healthy and growing, or hemorrhaging money while you're too distracted to notice.
This comprehensive guide breaks down the essential KPIs every law firm owner must track.
Discover how to use KPI data to increase your law firm's profit margin based on facts—not
Dec 9, 2025


How to Find a Law Firm Bookkeeper Who Actually Understands Legal Accounting
Finding the right bookkeeper for your law practice isn't just about balancing accounts it's about protecting your license. Many law firm owners rely on generic bookkeepers who don't understand trust accounting, IOLTA compliance, or the unique needs of legal bookkeeping. This can lead to years of errors and potential bar violations.
This comprehensive guide reveals what to look for in bookkeeping services for law firms, including the critical questions every law firm owner mus
Nov 3, 2025


Why Your "Friend of a Friend" Bookkeeper Could Cost You Your License: The Truth About IOLTA Trust Account Management
Trust account violations remain one of the leading causes of attorney disciplinary actions, yet many small law firm owners still rely on general bookkeepers who don't understand IOLTA compliance requirements. Using your "friend of a friend" bookkeeper for attorney trust accounts isn't just risky—it could cost you your license.
This comprehensive guide reveals why specialized trust accounting expertise is non-negotiable, the serious consequences of poor IOLTA management.
Sep 25, 2025


From Burnout to Buyout: Designing a Law Firm Exit Strategy with Purpose
Burnout doesn’t mean failure—it’s a signal that it’s time for a new chapter. If you’re a law firm owner feeling overwhelmed and ready for a change, there’s a way to exit your practice without walking away empty-handed.
This article explores how to design a purposeful law firm exit strategy—one that transforms your firm into a sellable asset, builds passive income, and secures your financial future.
Aug 13, 2025


Top Accounting Practices for Legal Professionals
Mastering accounting for law firms is key to financial success and compliance. This blog highlights essential strategies, including IOLTA reconciliation for law firms, accurate client trust account management, and leveraging law firm accounting services. Learn how to optimize your accounting practice, generate reliable financial reports, and ensure compliance with legal and ethical standards. Explore best practices for accounting for law professionals to elevate your firm's f
Aug 5, 2025


Essential Bookkeeping Tips for Law Firms
Running a law firm involves more than just practicing law—it’s about managing a business. At the core of any successful business is effective financial management.
Bookkeeping for law firms is a critical aspect of this. It ensures compliance and promotes financial health. However, to many law firm owners accounting feels like feels like a burden, a necessary evil. The unique nature of legal accounting can make it challenging.
Aug 3, 2025


The CSG Difference: Why Cutting Corners on Legal Bookkeeping Could Cost Your Firm Everything
Discover why specialized legal bookkeeping services are crucial for your firm's success. Most law firm owners make a critical mistake—hiring general bookkeepers who lack expertise in attorney trust accounts and IOLTA compliance. This gap in specialized knowledge leaves thousands of dollars on the table while putting your practice at risk.
Core Solutions Group offers comprehensive law firm financial management solutions, including sound-proof trust account management, and ca
Apr 30, 2025


Navigating the Bench Accounting Shutdown: Essential Steps for Law Firm Owners
The sudden shutdown of Bench Accounting has left many law firm owners seeking alternative bookkeeping services to maintain their financial records and ensure compliance.
This article provides guidance on navigating the transition from Bench Accounting, emphasizing the importance of selecting a reliable online bookkeeping service that offers comprehensive financial reports tailored to the legal industry.
We'll discuss the key considerations for law firms.
Mar 1, 2025
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