Accountants for Law Firms

Tax planning, finance management & law firm accounting software solutions

Legal Directorate- best of Atlanta - 2022

Accountants for Law Firms

Tax planning, finance management and law firm accounting software solutions

Legal Directorate- best of Atlanta - 2022
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Fusion CPA’s accountants for law firms are well-versed in streamlining all aspects of financial management for law firms. Having the right business processes and data in place can make a huge difference to your bottom line. This includes stabilizing your business by implementing the right law firm accounting software and implementing automation for reporting and any other aspects you need to keep an eye on. 

Your time is valuable, and law firm accounting can get very challenging, very quickly. You need a an experienced law firm accounting team on your side to achieve financial clarity and mindful growth. The accounting team at Fusion CPA is recognized as specialists in tax planning and preparation, as well as CFO business advisory.

We address the issues our law firm clients are concerned about, such as consolidations, optimizing their law firm accounting software, succession planning, and labor cost management. We also offer CFO support to help your business solve issues and prosper; and also offer accounting guidelines and best practices in our Accounting for Law Firms book.

Specialized Services by Accountants for Law Firms

  • Associate and Partner compensation modeling (lockstep, realization rates, books of business, etc)
  • Identifying the proper entity formation (proprietorship, corporation, partnership, or limited liability company) given your law firm’s growth goals and management structure
  • Accounts receivable management for both flat fee and billable hour clientele
  • Monitor revenue and collection patterns
  • Identifying key metrics and bench-marking to law firm industry standards and statistics
  • Establish best practices for your financial reporting
  • Escrow/Trust account management
  • Risk management for law firms
  • Budgeting, forecasting, and performance reviews
  • Customized monthly, quarterly, or annual financial reports
  • Succession and ownership transfer planning (internal installment buyouts, etc)
  • Assistance with ownership and transition strategies

I reached out to the Fusion team and within about a week they got me onboarded and started managing my company’s books. Now I’m able to spend more time with my family and friends, and not wake up in the middle of the night worrying about whether I categorized last month's expenses correctly or if I filled out the right tax forms. The Fusion CPA team are truly the best.

Bankruptcy Law

Civil Rights Law

Corporate Law

Criminal Law

Environmental Law

Family Law

Labor Law

Intellectual Property

Personal Injury

Real Estate


Tax Law

Healthcare Law

The use of outdated tools may also make it difficult for accounting to be completed correctly. The right software for your firm’s specific applications should offer a seamless way to automate business processes. However, it can be daunting to choose a new program, not to mention transitioning to cloud accounting software.

To reap the benefits of the latest software, our accountants can help your law firm select and integrate the best solution to fit your unique needs.

Time tracking can also be streamlined by utilizing business solutions for lawyers. It should help eliminate the possibility of overbilling your clients. Avoiding the damage to your reputation and embarrassment this could create should make it worthwhile to get assistance from one of our knowledgeable accountants. Undercharging clients for your valuable services can damage your bottom line and make it more challenging to reach your financial goals.

We can help you keep track of your billable hours and expenses - accurately and quickly.

When strategizing your law firm’s tax approach, consider outsourcing to a tax specialist. Accountants for law firms can maximize deductions and prevent costly mistakes. A CPA can review office, advertising, and travel expenses to boost profits.

Hiring an accountant saves time and ensures IRS compliance. Online guides may be risky; a current tax professional is your best choice.

Law Firm Financial Thought Leadership Blogs

Business Advice

Key Financial Metrics for Law Firms

Tracking key financial metrics is essential for law firms to gauge their performance, profitability, and overall financial health. By closely monitoring metrics law firms can make informed decisions and ensure sustainable success.

Read More »

Our CEO, Trevor McCandless, guides you through starting the outsourced accounting journey