Accounting for law firms is different than for other
businesses. For starters, standard trust accounting practices run contrary to
the normal rules of finance. Add to that the difficulties of calculating taxes
owed in partnership distributions, and it's no surprise that many lawyers feel
overwhelmed by law firm finances.
There is, however, a straight-forward way to handle your legal practice’s
accounting without having to constantly turn to an accountant.
Join Joshua Lenon, Clio’s Lawyer in Residence, and T.C. Whittaker, of PwC
InsightsOfficer, the bookkeeping, billing and insights solution for small firms
and solos, in this CLE-eligible webinar. You’ll learn strategies for staying on
top of your firm’s finances in 2020, including:
The essentials of small business accounting, with a unique focus on law
firms
How to handle trust accounting in an ethical manner (and get paid
more)
How to create a system for capturing expenses, overhead, and income to
gain a full understanding of your firm’s profitability
How to
use technology to improve your firm’s financial performance