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The Law Firm Group

Trust accounting is a compliance matter. Treat it like one.

IOLTA accounts reconciled to Florida Bar standards, partner compensation everyone can see the logic of, and firm economics measured properly.

Request a ConsultationCall (727) 474-0922

No other small business carries a compliance obligation quite like a trust account. IOLTA errors are not bookkeeping mistakes; they are bar grievances. And yet most firms leave trust reconciliation to whoever has time, with procedures inherited rather than designed.

Our law firm practice starts where the risk is: three-way trust reconciliation performed monthly and documented to the standard the Bar expects. Around it we build the rest of a firm’s financial life: operating books, partner compensation math, contingency fee timing, and the profitability analysis that tells you which practice areas actually carry the firm.

What the law firm group delivers

i.
IOLTA three-way reconciliationBank, book, and client ledgers reconciled monthly and documented for the Bar.
ii.
Trust procedure designWritten procedures that make compliance a routine instead of a scramble.
iii.
Partner compensation clarityDraws, distributions, and formulas everyone can see the logic of.
iv.
Contingency fee planningBig fee years smoothed with timing and retirement strategy before December 31.
v.
Practice area profitabilityWhich matters and areas actually make money, measured rather than assumed.
The Value of One Firm

Start with our Florida IOLTA Compliance Guide and the trust-account checklist in Resources. If your current reconciliation cannot check every box, that is the conversation to have before an audit letter has it for you.

Questions

Asked and answered

What is three-way reconciliation?
The trust bank balance, the trust ledger balance, and the sum of individual client ledgers must all agree, every month, with documentation. Two out of three is not compliance.
We had a great contingency year. What now?
Call before year-end, not after. Retirement plan design, payment timing, and entity strategy can move the tax outcome substantially while the year is still open.
Continue

Related reading

i.Florida IOLTA GuideVISIT →ii.Profit per Partner CalculatorVISIT →iii.Outsourced Accounting & CFOVISIT →
Begin the Conversation

One conversation. Everything handled.

Tell us where your finances live today, even if that means fragmented providers and disconnected responsibilities. We will show you what one coordinated firm takes off your plate.

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