Accounting for Lawyers & Law Firms
Lescault & Walderman uses industry-specific accounting systems, case management software, and time & billing solutions to ensure maximum efficiency, profitability and compliance for your law firm.
Quickly and easily capture time, create invoices and streamline accounts receivable.
Monitor and manage Trust/IOLTA accounts and client trust liabilities to meet strict state bar regulations.
Leverage key metrics to track individual attorney performance and assess partner compensation (e.g. managing vs. originating partner).
- Are you efficiently tracking expenses and managing your hourly billing?
- Do you meet Trust/IOLTA accounts compliance standards and fiduciary responsibility?
- Can you analyze and identify benchmarks to monitor associate performance, partner compensation, and client profitability?
When you utilize manual processes and disconnected software, you risk compliance issues, missed billing opportunities, lost profit, and waste your valuable time.
It doesn’t have to be this way.
5. Engage Us For Your Needs
If you approve of our recommendations, you’ll sign an engagement letter and we’ll start work!
At Lescault and Walderman, we understand the importance of accurately billing time and leveraging financial data to make operational decisions. And we know what it’s like to face strict regulatory standards, and carry the fiduciary responsibility when managing Trust/IOLTA accounts.
That’s why we’ve partnered with some of the industry’s top time and billing, expense, and case management solutions partners. We want to help you achieve maximum billing efficiency and increase your overall profitability.
When it comes to Trust/IOLTA accounting, we adhere to a careful process that eliminates errors and establishes strict procedures for handling client retainers and subsequent disbursements. This helps you to mitigate the risk of commingling.
Time is the most precious asset a lawyer possesses, and we’re here to ensure you have the tools to maximize efficiency. And the security in your ability to satisfy Trust/IOLTA compliance, along with the financial reporting to make informed decisions. You need an accounting partner with industry expertise and applied knowledge, and at Lescault and Walderman, your satisfaction is our benchmark for success.