How to Pay Yourself as a Law Firm Owner?
Paying yourself as a law firm owner requires the right balance of structure and compliance. This guide explains salary, draws, and distributions and how your books should accurately reflect each.
Mid-Year Financial Review Checklist for Law Firms – 2026
A mid-year financial review helps law firms assess revenue, expenses, trust accounts, and cash flow so they can fix financial gaps early and finish the year stronger.
What California’s Mandatory CTAPP Compliance Reviews Mean for Your Law Firm’s Books in 2026
California law firms face increased trust account oversight in 2026 through CTAPP compliance reviews. Learn what reviewers examine, common compliance risks, and how proper bookkeeping, IOLTA management, and three-way reconciliations can help your firm stay audit-ready year-round.
How to Set Up Clio Manage with QuickBooks Online: A Step-by-Step Guide for Law Firms
Setting up Clio Manage with QuickBooks Online helps law firms streamline billing, bookkeeping, and trust accounting—but only when configured correctly to avoid sync errors and duplicate entries.
This guide walks you through the complete setup, including chart of accounts, trust sync, and common mistakes to ensure accurate financial reporting and IOLTA compliance.
How Payroll Affects Your Law Firm’s Books
Most law firms record payroll wrong. They capture the net bank transfer and miss thousands in employer taxes and withheld liabilities every single month. Learn how payroll actually flows through your law firm’s books — and what breaks when it’s recorded incorrectly.
The 7 Law Firm KPIs Every Attorney Should Be Tracking
Most law firms know their monthly revenue. Far fewer know whether that revenue is actually turning into profit. According to Clio’s Legal Trends Report, firms collect only 86 cents of every dollar they bill and most never find out why the rest disappears.
Bookkeeping for Personal Injury Law Firms: Contingency Fees, Case Costs & Trust Accounting (2026)
Personal injury law firm bookkeeping isn’t like general law firm accounting. With contingency fees, case cost advances, and strict IOLTA trust account rules, one wrong step can trigger a bar violation. This guide breaks down exactly how PI firms should handle contingency fee recognition, per-matter cost tracking, and the full settlement disbursement process — so your books stay clean and your license stays safe.
AI Bookkeeping Tools for US Law Firms
Explore how AI bookkeeping for law firms works and discover the best AI accounting tools lawyers use in 2026. Learn how automation improves accuracy, simplifies trust accounting, and helps law firms manage finances more efficiently.
What Is a Three-Way Trust Reconciliation in a Law Firm?
Three-way trust reconciliation ensures your bank balance, client ledgers, and trust liability account match perfectly each month. Learn why mismatches create serious compliance risks and how proper reconciliation protects your law firm from audits, penalties, and ethical violations.
Understanding the Balance Sheet for Law Firms
Many law firm owners focus intently on the Profit and Loss (P&L) statement. It answers a vital question: “Did we make money?” While important, the P&L only tells part of the story. To truly understand your firm’s financial health and build a stable foundation for growth, you need to master another critical document: the balance sheet.