For those looking to work with law firms it is important to understand the law firm “business”. Yes, for those lawyers reading this, a law firm is a business. In this series in Insightful Accountant I discuss how to become a trusted advisor for law firms. For lawyers, this is worth reading as it may help you know what to ask that bookkeeper or accountant you are planning to work with. Part 1 is an overview what it means to understand the business of law and is now published at Becoming a Law Firm Trusted Advisor.
Subsequent articles will look at the various points in more depth:
- Trust accounting and IOLTA requirements
- Advanced Client Costs
- Practice Management