Specialized Accounting Support for Law Firms & Professional Services
Law Firms & Professional Services
Law firms operate under strict trust-accounting rules, partner compensation models, and matter-based billing workflows that require precise financial management. We provide structured accounting, IOLTA reconciliation, financial oversight, and compliance support that protects your firm and strengthens operational stability. Our team also supports consulting firms and staffing agencies with accurate reporting and consistent workflows tailored to professional service environments.
Accounting Services
Prevent Trust Errors
We manage financial statements, reconciliations, partner distributions, matter-level reporting, and IOLTA trust accounting for law firms. We ensure clear visibility into firm performance and maintain compliant records across all professional service entities.
Tax Services
Reduce Tax Exposure
We prepare federal, state, and local filings for law firms, consulting companies, and staffing agencies while managing partner K-1s, pass-through structures, deductions, and compliance documentation to minimize exposure.
Payroll Services
Fix Compensation Confusion
e manage payroll for attorneys, partners, associates, contractors, and professional staff with accurate classifications, benefit deductions, and compliant filings across all jurisdictions.
Budgeting & Forecasting
Avoid Cash-Flow Crises
We build forecasts and budgets that account for staffing costs, billable hour targets, revenue expectations, and partner compensation structures to support long-term planning.
Audit Support
Avoid Bar-Audit Risk
We assist with IRS, state, trust-accounting, and payroll audits by organizing records, reconciling discrepancies, and ensuring firms present accurate and defensible financial documentation.
Consulting Services
Stop Profit Leakage
We guide firms through entity structure decisions, compensation modeling, workflow improvements, and financial system optimization to support stronger operational performance.
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Who We Work With
We focus primarily on law firms and legal practices that require accurate trust accounting, partner compensation tracking, and compliance-driven financial workflows. We also support consulting and advisory firms, along with HR and staffing agencies that rely on structured reporting and consistent operational oversight.
Legal & IOLTA Accounts
We manage trust accounting, matter-based reporting, partner distributions, and financial workflows built specifically for law firms operating under IOLTA and regulatory requirements.
Consulting & Advisory
We provide financial oversight, reconciliations, and reporting for advisory and consulting firms with variable revenue models and evolving project-based structures.
HR & Staffing
We support staffing and recruitment agencies with payroll processing, cost tracking, and financial reporting built for high-volume placements and variable workforce models.
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04. Advisory
Support Better Decisions
We review performance metrics, partner compensation, and operational trends to guide long-term financial planning.
03. Reporting
Ensure Clean Records
We manage monthly close, reconciliations, partner statements, and financial reporting with strict accuracy and consistency.
02. Compliance
Fix Workflow Gaps
We build reconciliation schedules, approval structures, and documentation standards that support trust accounting and reporting requirements.
01. Onboarding
Remove Early Errors
We review books, trust ledgers, billing systems, and compensation structures to establish a clean, accurate foundation.
Professional service firms require accuracy, structure, and reliable financial workflows. Our process eliminates inconsistencies, strengthens compliance, and supports long-term operational clarity. We guide each client through a framework designed for trust accounting and service-driven business models.
OUR PROCESS
Yes. We maintain trust ledgers, reconcile client funds, and ensure all IOLTA activity complies with state bar requirements. Our team monitors transactions, prevents commingling, and identifies discrepancies before they become compliance issues. We also prepare documentation required for bar audits and trust-accounting reviews. Law firms rely on us to maintain accurate, audit-ready trust records year-round.
We support firms with draw schedules, profit allocations, equity splits, and distribution tracking. Our reporting helps partners understand their compensation in relation to firm profitability and tax impact. We also correct misaligned allocation structures and provide guidance on optimizing payout timing. This gives partners clarity and ensures allocations remain accurate and compliant.
Yes. We track revenue, expenses, and profitability at the matter level to give firms visibility into case performance. Our reporting helps identify underperforming matters, billing delays, and collection issues that impact cash flow. We also ensure proper cost allocation and support matter-based reporting for internal and client needs. This creates cleaner financial visibility across the firm.
Yes, we prepare federal, state, and local tax filings for law firms structured as PCs, LLCs, partnerships, and sole practitioners. We handle K-1 allocations, partner distributions, multi-state filing requirements, deductions, and estimated tax planning. Our team ensures compliance with the unique tax rules governing law firms and identifies opportunities to reduce exposure. We also review compensation models to align distributions with tax efficiency. This helps partners plan ahead and avoid unnecessary tax liabilities.
We manage reconciliations, project-based reporting, revenue tracking, and expense oversight for consulting and advisory firms. Our workflows address variable billing structures, contractor arrangements, and multi-phase project revenue. We also create reporting frameworks that support forecasting and decision-making. This helps consulting organizations maintain financial clarity throughout evolving project cycles.
Yes. We support staffing firms with payroll, reconciliations, and compliance across multiple jurisdictions. Our systems accommodate varying worker classifications, benefit structures, and tax requirements. We help stabilize payroll processes and ensure consistent reporting across all placement types. Staffing agencies rely on us to streamline financial operations as they scale.
We deliver GAAP-aligned financial statements that incorporate partner allocations, trust-accounting activity, billing performance, and operational expenses. Our reporting helps attorneys evaluate productivity, costs, and revenue consistency. We also adjust statements to reflect law-firm-specific structures such as reimbursable expenses and client-fund movements. This provides firm leadership with accurate data needed for strategic planning.
Yes. We identify discrepancies in trust ledgers, correct misposted funds, rebuild missing history, and realign balances to match state bar requirements. Our process includes detailed reconciliation and documentation restoration. We focus on eliminating long-standing errors that increase compliance risk. Firms with inherited or years-old trust issues rely on us for complete cleanup and stabilization.
We prepare firms for IRS audits, state reviews, and bar trust-accounting examinations. Our team organizes records, reconciles trust activity, and resolves discrepancies before an audit escalates. We also produce required documentation and support communication with agencies when needed. This ensures your firm presents accurate, defensible financial information. Law firms rely on us to reduce audit exposure and improve compliance outcomes.
Strategic Approach
Our recommendations strengthen compliance and improve operational clarity.
Proven Expertise
We understand law firm operations, trust accounting, and partner structures.
Responsive Partnership
You receive consistent communication and reliable support across all engagements.
Trust & Transparency
Every workflow is built to maintain accuracy, documentation, and full accountability.
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By the Numbers
Our structured financial systems help law firms and professional service businesses operate with clarity and confidence.
1,000+
Law Firm Clients Managed
85+ Years
Combined Experience
50 States
supported nationwide
99%
Client Retention
Testimonials
Law firms and professional service organizations depend on our accuracy, structure, and trust-accounting expertise.
Trust accounting used to feel overwhelming. Ledger Board rebuilt our entire IOLTA workflow and gave us monthly reporting we can rely on.
Sarah L., Managing Partner
Boutique Law Firm
Our consulting firm struggled with inconsistent reconciliations and unclear reporting. Ledger Board brought structure and clarity to every part of our financial process.
Omar R., Founder
Advisory Group
Payroll and client billing were constant pain points. Ledger Board stabilized everything and helped us understand the financial side of our staffing operations.
Jenna T., Operations Director
Staffing Agency
Connect with Leaders
Discuss your firm’s financial structure and trust-accounting requirements with our leadership team.
Strengthen Your Firm’s Financial Foundation
Your firm deserves accounting systems that support compliance, transparency, and long-term stability. We bring clarity and structure to every part of your financial workflow