When it comes to legal trust accounting, you — the lawyer in charge — are the one obligated to make sure your firm is staying current and compliant. While your bookkeeper or accountant may assist with the daily tasks, the real responsibility lies in your hands. While it may sound like a daunting task, have no fear! The reports you ...
Read More »10 Principles of Trust Accounting
The practice of law is time-consuming but never more than the time required managing your firm’s finances by hand.
Read More »Watch: 10 Do’s and Don’ts of Legal Trust Accounting
Handling client funds can be one of the most complex parts of running a law practice. The rules and regulations of handling client funds can become very difficult based on the specific type of account, your local jurisdiction, and other factors. As an attorney, you are the one responsible for the proper management of these funds. If you want to ...
Read More »10 Do’s & Don’ts of Legal Trust Accounting
Handling client funds can be one of the most complex parts of running a law practice. The rules and regulations of handling client funds can become very difficult based on the specific type of account, your local jurisdiction, and other factors. As an attorney, you are the one responsible for the proper management of these funds. If you want to ...
Read More »Watch: Better Trust Accounting
Each year, the State Bar of California’ Office of Chief Trial Counsel, the bar’s prosecution unit, receives over 2,000 reports of bounced checks from banks holding law firm trust accounts. Some of these may be innocent error, but the public is also reading high profile articles about trust account abuse. To add to the complexity, some law firms experience the opposite ...
Read More »Better Trust Accounting
Each year, the State Bar of California’ Office of Chief Trial Counsel, the bar’s prosecution unit, receives over 2,000 reports of bounced checks from banks holding law firm trust accounts. Some of these may be innocent error, but the public is also reading high profile articles about trust account abuse. To add to the complexity, some law firms experience the opposite ...
Read More »What I Wish I’d Learned in Law School: How to Run an Ethical Office
In this video, we will cover the best communication practices for addressing clients followed by the ins-and-outs of creating an effective fee agreement. Lastly, you will discover the necessary steps it takes to run an efficient and ethical office by understanding financial control and the psychology of billing, including a discussion on the proper use of trust accounts. Key Points: ...
Read More »What I Wish I’d Learned in Law School: How to Run an Ethical Office
Join us for our free webinar on Wednesday, February 1st for a discussion on how to run an ethical law office.
Read More »7 Vital Trust Accounting Reports
Are all of your trust accounts always “audit ready”? Trust accounting is one of those aspects of running a practice that comes with a zero tolerance for error. The penalties — for both the attorney and the firm — be can severe. In this video, we will dive into the 7 most vital trust accounting reports you should be properly ...
Read More »7 Critical Reports for Trust Accounting
Trust accounting is one of those aspects of running a practice that comes with a zero tolerance for error. The penalties — for both the attorney and the firm — be can severe. However, it’s so tedious and time consuming to keep up with all the required documentation that many firms procrastinate or just do a partial job each month. ...
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