Outsourced Law Firm Bookkeeping Services

Lescault & Walderman specializes in outsourced law firm bookkeeping services. Our expert team of accountants offers technology-driven law firm bookkeeping services to automate transactions, billing, and payroll while you focus on your business’s operations.
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Save Time With Legal Bookkeeping Services

As a lawyer, you’re in the business of practicing law- not accounting and bookkeeping. Time spent handling the day-to-day bookkeeping of your firm could have been time used for billable hours and revenue-generating operations. At Lescault & Walderman, we are confident that the manual processes holding you back can be automated with the right guidance and team around you. Our law firm bookkeeping services will provide you with the appropriate law firm bookkeeping software and a team of experienced bookkeepers to help save you time and money- all for a lower cost than an in-house staff.

Track Cash Flow

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Create visual dashboards to easily track revenue and expenses.

Generate Invoices

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Generate error-free invoices instantly and get your attorneys paid faster.

Manage Payroll

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Streamline your payroll to easily track and manage partner compensation.

Bookkeeping Shouldn’t Be a Pain

  • Do you struggle to record deferred revenue and expenses?
  • Do you spend too much time waiting to get paid for your services?
  • Can you easily compensate and manage payroll tax for your employees?
  • Are you able to manage and reconcile trust accounts according to the set of strict rules and regulations?
  • Is your law firm bookkeeper able to track billable hours while differentiating between different tasks and associated expenses?

Your time should be spent in court, not managing your financial data

Outsource all your law firm’s bookkeeping to Lescault and Walderman to ensure you have accurate financials and reports and that all your clients are being billed correctly and on time.

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Law Firm Bookkeeping with Lescault & Walderman

As a lawyer, your time is your most precious asset. If you are frustrated with the amount of hours spent managing your firm’s finances, then we are excited to speak with you.

At Lescault & Walderman, our bookkeeping services for law firms are designed to get you back to the work you love. With our strategic partnerships, we can offer reduced rates for premiere bookkeeping software for law firms that automate even the most time-consuming of tasks.

Bank and credit card reconciliations, revenue recognition models, accounts payable, accounts receivable, payroll entries, monthly financial statements; all can be done with the click of a button.

With Lescault & Walderman, you’ll also have access to a dedicated team of bookkeepers and controllers to review your systems and ensure every dollar is accounted for.

Schedule Introductory Call Today

Here's how to get started:

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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.

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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.

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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.

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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.

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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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3 KPIs to Track and Successfully Manage Your Law Firm

Frequently Asked Questions

Efficient bookkeeping is essential to monitor financial transactions. It can be measured according to five key metrics.

1) Billable hours

The number of work hours charged to clients. It determines attorneys’ productivity and profitability.

2) Accounts receivable and collections

Law firm bookkeeping software records, monitors, and reports invoice payments and resulting cash flow.

3) Expense tracking

Specialists in bookkeeping for lawyers monitor operating costs and overheads to identify and rectify overspending.

4) Profit per partner

Also known as revenue per attorney, it demonstrates your firm’s financial health and indicates where performance must be improved.

5) Trust account reconciliation

Outsourcing law firm bookkeeping services ensure clients’ trust accounts are managed according to regulatory and ethical requirements.

(Read more about how to choose accounting software for your law firm.)

When you outsource law firm billing to industry specialists, you can be sure that all essential law firm bookkeeping metrics are accurately measured, analyzed, and reported. 

When it comes to your firm’s finances, the easiest way to shrug off stress and free up time is to work with a company that specializes in law firm bookkeeping services. Not only can you outsource your law firm’s billing, but you can hand over complete financial management to ensure accurate records and compliance with industry regulations.

Outsourcing solves several other challenges.

  • No need to hire, train, and pay in-house bookkeepers.
  • Law firm bookkeeping software is scalable so you can adjust your service package when necessary.
  • Resources can be directed to attorneys who focus more on billable client work.
  • Outsourcing bookkeeping for lawyers ensures greater accuracy, efficiency, and client confidentiality. 

(Read more about how to set up accounting software in new law firms.)

Overcoming law firm bookkeeping challenges is as simple as outsourcing your financial management to a reputable industry specialist.

Internal bookkeeping for lawyers can be expensive and complicated. Outsourcing law firm bookkeeping services, however, provides numerous benefits.

1) Access to specialists in law-specific accounting and bookkeeping practices.

2) Accurate management, record-keeping, and compliance with state and federal regulations.

3) Effective use of outsourced law firm bookkeeping software enables staff to redirect their attention to their specialist roles.

4) Reduced recruitment costs as hiring in-house bookkeepers isn’t necessary.

5) Outsourcing services are scalable, so you’re not tied to a software package when your needs change.

6) When you outsource your law firm’s billing and other financial services, record-keeping becomes more efficient and accurate, and data is more secure. Analysis provides insightful information for you to make informed financial decisions.

(Read more about the role of technology in law firm accounting practices.)

Outsourcing law firm bookkeeping to an experienced and reputable company ultimately increases productivity, employee satisfaction, client services, and your bottom line.