Outsourced Accounting for Lawyers and Law Firms
Owning a law firm demands a significant amount of your time. You undoubtedly have more pressing matters than organizing your financial statements or monitoring your books. When you partner with Lescault & Walderman, enjoy the luxury of accruing more billable hours and scaling your law firm and less time worrying about your financial data. Our law firm accounting services are designed to automate your bookkeeping capabilities, manage your IOLTA accounting, and provide analytical insight to reduce overhead and increase profits.
Stop wasting time and money with inefficient systems
- Is your current legal bookkeeping system efficiently tracking expenses and managing your hourly billing?
- Do you meet Trust/IOLTA accounts compliance standards and fiduciary responsibility?
- Would you benefit from part-time controller or CFO services that help you analyze and identify benchmarks to monitor associate performance, partner compensation, and client profitability?
We’ve Helped Other Law Firms Optimize Efficiency
At Lescault and Walderman, we understand accounting for law firms and 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. Our law firm accounting services are designed to automate all of your internal processes- ultimately saving you time and money.
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 with the best law firm accounting software.
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 your law firm accounting 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.
Accounting for Attorneys with LWI
You don’t have to waste time on administrative tasks that detract from critical time on cases and matters. Instead, start focusing on what matters most, practicing law and billing hours. Our law firm accounting services can help.
Case Management
User-friendly practice management software that includes time and expense, invoicing, document management, internal communication and more.
Maximize Billable Time & Cash Flow
Quickly and easily capture time, create invoices and streamline accounts receivable.
Insightful Reporting
Clear financial data reporting and analysis provides confidence in operational decision, management, transparency, and partner trust.
Our law firm outgrew our PT employee. We needed a fast, responsive bookkeeper. When it comes to our record-keeping, the handling of our Trust account was and continues to be most important. Now that we work with Lescault and Walderman, they are responsive to our needs.
We found Lescault & Walderman while setting up our new law firm. As lawyers, we didn’t want to focus on the day-to-day of our firm’s accounting. Lescault & Walderman is the backbone of our accounting team. They check-in with us weekly or more, and they maintain and upgrade our financial systems as our firm continues to grow. They always give us good folks to work with; we enjoy working with them.
Here's how to get started:
1. Schedule a No-Obligation Call
Your time is valuable, and we don’t want to waste it. Let’s schedule a discovery meeting so we can discuss your needs and confirm there’s a fit.
2. Receive Your Accounting Review
We'll review your accounting documents, then provide you with a customized report that includes our findings and our recommendations for moving forward.
3. Attend Review Meeting
We'll host up to a 2 hour meeting to review our findings and recommendations, answer any further questions and outline how we'll work together.
4. Review Your Proposal
Working from our review, we’ll provide clear and actionable recommendations for improvement related to your particular processes, software, and systems.
5. Engage Us For Your Needs
If you approve of our recommendations, you’ll sign an engagement letter and we’ll start work!
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