Proper trust accounting and three-way reconciliation are essential for protecting client funds and avoiding serious compliance risks. In this guide, we break down these critical processes and show how legal-specific software can help your firm stay accurate, efficient, and audit-ready.
Law firms may soon have to compete with accounting firms for clients.
A new proposal would let wealthy foreign nationals secure an opportunity for a U.S. green card with a $1 million 'gift' to the government, sparking legal and ethical debate.
* Senate Democrats ask Harlan Crow for details on all gifts granted to Clarence Thomas... or any other justice. A request that he'll ignore and the Democrats won't do anything about. [Bloomberg Law News] * Donald Trump allowed limited access to evidence against him in criminal trial, only in the presence of his attorneys in a bid to prevent the defendant from causing a social media firestorm. Aw... after this many years, folks still think Trump listens to his lawyers? [Law360] * Disney's superior attorneys are just going to keep updating this complaint every time Ron DeSantis digs himself a little deeper. [Deadline] * Sam Bankman-Fried asks judge to dismiss 10 of 13 charges against him because if anyone knows a worthless claim when he sees one it's Sam Bankman-Fried. [Reuters] * Despite doom and gloom from firms cutting headcount, the industry overall is in recovery... but Biglaw and Small Law are taking different paths back to the summit. [American Lawyer] * An interview with Steven Thomas, a former Sullivan & Cromwell partner who started his own practice focusing on litigating against Big 4 audit firms for failing to detect fraud at their clients. [Oh My Fraud]
Accounting firms might enter the legal sector through a different door.
Stop wasting time and money. Now is the time to get a clear picture of your firm’s finances.
Taking a look at technologies, processes, and systems being employed to run today’s firms.
Lex Machina harnesses generative AI capabilities to revolutionize the way legal professionals interact with data to improve bottom line for their business.
What's going on in Asia could be a roadmap for the future of legal services.
This makes no sense economically, as columnist Mark Herrmann explains.
A big difference between Biglaw and boutiques: the level of personal involvement by partners in financial matters.
Congratulations to both the promising young lawyer and the prosecution and putting this unfortunate episode to rest.
Lawyers should not be the only ones providing professional services to their law offices’ operations.
Which field will disappear sooner? Who's more boring?
If you're involved in law firm management, here are some things you should know.
Join a free webinar and learn the best accounting practices for lawyers.
What are the latest allegations about Zachary Warren, the handsome and high-powered young lawyer facing criminal charges in the Dewey & LeBoeuf fraud case?