Law firm financials can be a challenge to manage lawyers who were not directly trained in accounting, especially solo and small firm practitioners who are directly liable for their firm’s bookkeeping. Specific rules and regulations govern receipts, payables, reconciliations, ledgers, reporting, and more. Compliance is essential and the penalties for infractions are severe for legal professionals. The key to mastering the financials of your firm and having peace of mind while continuing to serve your clients is understanding the core of Accounting, Billing, and Compliance. Learning objectives:
- Understand the basics of Legal Accounting, Billing, & Compliance
- Learn to overcome common challenges of managing and reporting law firm financials
- How can technology help track and analyze your finances?
Speaker: Erica Birstler, Director of Strategic Communications at CosmoLex
Erica’s degree is in Business Administration and she has nearly a decade of experience in the legal software industry, catering to the specialized technology needs of small to mid-sized law firms. Erica is passionate about helping legal professionals improve the way their law firms run and she has given numerous presentations across North America on legal technologies such as law practice technology management, cloud computing, and legal billing & trust accounting compliance to help spread her knowledge.
*Please note that this was a non-CLE webinar.