Financial Clarity and Compliance for Your Law Practice
Specialized accounting and software solutions for legal professionals who want to focus on serving clients instead of managing financial complexities.
The Challenge
Law firms face unique financial management challenges that require specialized expertise:
Managing trust accounts (IOLTA) with perfect compliance
Monitoring practice area profitability
Tracking billable hours and ensuring accurate client billing
Managing partner distributions and compensation
Maintaining case cost accounting and allocation
Keeping overhead costs optimized while growing the firm
How Ledger & Code Helps
Our experience with legal accounting combined with software integration expertise provides law firms with:
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Implement rigorous IOLTA account reconciliation processes
Create systems for properly documenting client fund movements
Maintain compliance with bar association requirements
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Connect your practice management software with accounting systems
Automate time tracking to billing workflows
Implement effective accounts receivable follow-up processes
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Track profitability by practice area, case type, or attorney
Monitor key performance indicators like realization rates
Create custom dashboards for partners showing financial health
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Automate accounts payable processes for overhead expenses
Streamline expense reimbursement workflows
Implement paperless document management for financial records
Why Legal Practices Choose Us
Our founder's direct experience as Accounting Manager at a law firm means we understand the unique requirements of legal accounting. We've managed IOLTA trust accounts and implemented compliant systems that protect your practice while providing the financial clarity needed to make strategic decisions.
Construction-Specific Solutions Include:
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IOLTA trust account setup and reconciliation
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Matter cost accounting systems
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Integration with legal practice management software
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Partner compensation tracking
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Case profitability analysis
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Compliant e-billing systems
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Legal-specific chart of accounts setup
“Ledger & Code transformed our firm’s financial operations. Their implementation of proper trust accounting protocols removed a major compliance worry, while their integration of our practice management and accounting software eliminated duplicate data entry. We now have clear visibility into which practice areas and matters are most profitable, allowing us to make strategic decisions about where to focus our growth.”