Attorney’s face strict compliance standards and fiduciary responsibility when managing Trust/IOLTA accounts. This requires specialized knowledge and experience from a firm with a proven track record of providing accounting for law firms and lawyers. Lescault & Walderman has an extensive history of success managing these specialized accounts and providing the compliance, security and ongoing financial management required by law firms of all sizes.
Lescault and Walderman is a DC-Metro based accounting firm offering specialized accounting services for a variety of Law Firms in Maryland, Washington DC, and Northern Virginia, including:
- Corporate Law Firms
- Employment Law Firms
- Real Estate Law Firms
- Personal Injury Law Firms
- Family Practice Law Firms
- Criminal Defense Law Firms
- Bankruptcy Law Firms
- Immigration Law Firms
- Environmental Law Firms
Accounting for Law Firms & Lawyers
We have helped many Law Firms setup or clean up their books and have become experts on the strict guidelines regarding Attorney Trust Accounts and client confidentiality. Lescault & Walderman has developed and tested efficient processes to ensure that your practice is in compliance with these rules. Our law firm bookkeeping services include organizing your records, performing monthly reconciliations and close-outs of IOLTA Accounts, and preparing statements and financial reviews.
Trust/IOLTA Reconciliation for Lawyers
Our firm specializes in managing and processing the Trust/IOLTA reconciliation process for Law Firms and Lawyers. Due to the complex nature of Trust/IOLTA accounting, many Law Firms unwittingly commingle funds. This innocent mistake can have long lasting and very detrimental effects on attorneys careers; we work to ensure that this risk is mitigated. Our process to eliminate any errors is to establish a well defined policy and procedure when it comes to handling client retainers as well as subsequent disbursements.
Financial Management for Lawyers
Lescault and Walderman offers flexible and affordable financial management, working with your current in-house resources/employees or assuming all accounting related tasks. Regardless of our working arrangement, we provide the needed accounting oversight and carry the responsibility of providing accurate financial records. LWI and its experienced professional will go above and beyond to maintain confidentiality, timeliness, and customer satisfaction. Utilizing Quickbooks and efficient processes, we strive to give business owners the ability to make critical business decisions in real time and trust information generated from their financial management systems.
Time & Billing Solutions for Lawyers
LW partners with SpringAhead to provide a fully functional Time & Billing, Accounts Receivable, and Escrow account management system. QuickBooks and SpringAhead integrate seamlessly to allow for staff time review and approval, and fast transfer into QuickBooks for automated invoice creation. This overall process is at the center of Cash Flow Management and can greatly impact the success of a business.