Our Services

Specialized financial and compliance solutions for law firms

Expert Financial Services for Law Firms

We provide specialized solutions to help your firm maintain compliance, increase profitability, and focus on practicing law.

Running a law firm requires more than just winning cases and providing excellent legal counsel—it also involves meticulous financial management, compliance with trust accounting rules, and efficient legal support. At Legally Balanced, we offer comprehensive services designed specifically for the unique needs of law firms.

Trust Accounting Compliance

Trust Accounting Compliance

One of the most critical aspects of law firm bookkeeping is trust accounting. Attorneys handling client funds must follow strict rules to prevent ethical violations and financial mismanagement. Failure to comply with trust accounting regulations can lead to severe consequences, including disciplinary actions or even disbarment.

  • Properly recording client funds to maintain compliance with state bar requirements
  • Conducting regular three-way reconciliations to ensure trust account accuracy
  • Preventing commingling of funds by implementing proper bookkeeping protocols
  • Providing detailed client ledgers for each trust account
  • Ensuring accurate record-keeping for trust deposits and withdrawals
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Law Firm Bookkeeping

Law Firm Bookkeeping

Keeping your law firm's finances in order is essential for long-term success. However, many attorneys struggle with the complexities of bookkeeping, often leading to missed payments, inaccurate financial reports, or IRS compliance issues. Our monthly bookkeeping services ensure your firm remains financially healthy.

  • Accurate financial records to track firm expenses and profitability
  • Timely reconciliation of accounts, including operating and trust accounts
  • Compliance with tax regulations to avoid penalties and audits
  • Monthly financial reports with key performance indicators
  • Accounts payable and receivable management
  • Year-end financial preparation for tax filing
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Financial Performance Tracking

Financial Performance Tracking

Running a successful law firm requires strategic financial and operational management. By measuring Key Performance Indicators (KPIs), your firm can gain valuable insights into efficiency, profitability, and overall success.

  • Measuring revenue per matter to identify most profitable practice areas
  • Tracking utilization rates to optimize attorney productivity
  • Monitoring realization and collection rates for improved cash flow
  • Evaluating client acquisition costs to optimize marketing ROI
  • Analyzing client retention rates to improve client relationship management
  • Assessing overhead rates to improve profit margins
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Paralegal Support

Paralegal Support

Legal work involves a significant amount of drafting, research, and document preparation. However, hiring full-time paralegals can be costly. With Legally Balanced, you get access to experienced virtual paralegal professionals who can assist with various legal tasks.

  • Legal research and case preparation
  • Drafting contracts, pleadings, and correspondence
  • Filing and document management
  • Client intake and communication support
  • Court filing and deadline management
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Divorce & Forensic Accounting

Divorce & Forensic Accounting

Complex legal cases often require detailed financial analysis and expert accounting skills. Our forensic accounting services provide the financial clarity needed for divorce cases, asset investigations, and other legal matters involving financial disputes.

  • Financial analysis for divorce cases
  • Tracing hidden assets and liabilities
  • Detailed financial reporting for legal proceedings
  • Business valuation assistance for legal cases
  • Expert witness preparation for financial matters
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Transparent Pricing

Flexible solutions for firms of all sizes

At Legally Balanced, we understand that every law firm has unique needs and budgets. We offer customized service packages tailored to your specific requirements. Contact us for a personalized quote and to discuss how we can help your firm achieve financial success.

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Ready to Streamline Your Law Firm's Operations?

Let's help your firm maintain compliance, increase profitability, and improve operational efficiency.

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