Law Firms Services

Succeeding in the legal marketplace is tougher than it used to be. Expertise in practising law just isn't enough anymore.

Organisational structure and administrative functions need to be as efficient as possible. A long-range strategic vision is required to ensure the healthy growth of the firm. You need the best information and the keenest analysis at your fingertips so that you can make informed decisions about the business issues on which the success of your firm depends.

Accountancy Group's Law Firm Services addresses the special professional restrictions, tax planning and financial management requirements of today's law firms, as well as the traditional range of accounting and tax compliance services. Our Law Firm Services provides services optimised and customised for the unique structure and environment which today's law firm operates.

Customised Financial Analysis and Reporting

Your firm may have more than one area of specialisation or may practice from more than one location. However your firm is structured, it is essential that you have an understanding of your firm's profitability at every level. With reports and analysis tailored to your specific needs, we can give you that understanding.

Succession Planning - Keeping a Law Firm Alive

Successful law firms are often the result of just one or two individuals. This makes an effective and viable succession plan a must. Planning in advance for the continuity of your law firm can assure the realisation and continuation of a lifetime's work and dreams. A well-constructed succession plan will allow your firm to continue on, while maximising its value to you and your heirs.

Adding to the Bottom Line

We are always looking for ways to help law firm clients track their time, improve the billing process, and collect currently. With our willingness to take the initiative in offering suggestions to our clients, we can contribute to improved profitability and cash flow of your law firm.

Specialised services we offer include:

• Accounting and Taxation
• Financial Reporting
• Budgeting and Forecasts
• Assisting with finance applications
• Profitability Analysis
• Operations Review
• Partner Compensation
• Cash Flow Projections
• Practice and Partner's Personal Tax Planning
• Tax Compliance
• Co-ordination of trust account audits