Because protecting your clients is your calling — protecting your firm’s financial foundation is ours.
At The L Crew – Accounting, we provide law firm bookkeeping, legal accounting, tax planning, payroll support, and fractional CFO services for attorneys and law firms in Florida, South Florida, Palm Beach County, Delray Beach, Boca Raton, Boynton Beach, and West Palm Beach.
Running a law firm is different from running a regular service business.
Law firms deal with retainers, client trust funds, IOLTA accounts, settlement funds, case costs, reimbursable expenses, payroll, partner draws, and strict documentation requirements.
Your revenue may come from hourly billing, flat fees, contingency fees, retainers, settlements, or ongoing client engagements. Each type of income needs to be tracked correctly.
At the same time, client funds must be clearly separated from firm income. Case costs must be organized. Reimbursements must be monitored. Partner or owner compensation must be handled properly.
Without a strong accounting system, a law firm can appear profitable on paper while still having cash flow problems, tax issues, trust account confusion, or unreliable financial reports.
Delayed client payments
Many law firms wait weeks or months for clients to pay invoices, settlements to close, or retainers to be replenished.
Trust and IOLTA complexity
Client funds must be tracked carefully and kept separate from operating funds. Poor tracking can create serious compliance concerns.
Retainer accounting
Retainers are often recorded incorrectly as income before they are earned.
Case cost tracking
Filing fees, court costs, expert witnesses, deposition costs, travel, medical records, and other case-related expenses may need to be tracked by client or matter.
Partner and owner compensation
Draws, guaranteed payments, payroll, bonuses, and profit distributions must be organized clearly.
Profitability confusion
Many firms do not know which attorneys, cases, or practice areas are actually profitable.
We help keep your books clean, current, and organized.
Our support may include:
We help law firms create cleaner records around client funds.
This may include:
We do not replace your professional responsibility obligations, but we help build accounting records that make review and oversight easier.
We help organize payroll and compensation records for law firms.
This may include:
We help law firm owners plan ahead instead of waiting until tax season.
We review:
Bookkeeping tells you what happened. CFO support helps you decide what to do next.
We help you understand:
Cleaner financial records
Know what belongs to the firm, what belongs to the client, and what needs attention.
Better cash flow control
Understand what has been earned, what is still outstanding, and what expenses are coming due.
More accurate tax planning
Plan ahead for owner compensation, estimated taxes, retirement contributions, and deductible expenses.
Stronger profitability insight
See which cases, attorneys, or practice areas are producing the best financial results.
Less administrative stress
Spend less time trying to interpret messy books and more time managing your firm.
We work with:
When you work with The L Crew – Accounting, you get more than bookkeeping. You get accounting, tax planning, payroll support, and CFO-level financial guidance designed for law firms.
Schedule a consultation today to review your law firm’s accounting system, trust accounting process, tax planning, cash flow, and financial reporting.
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