Law Firm Incorporation & Reorganization

Whether you’re launching a new practice or restructuring an existing firm, we provide comprehensive guidance on corporate organization and entity selection. We help you navigate the complex tax implications of different business structures—from sole proprietorships to LLCs, PLLCs, PCs, and partnerships—ensuring you choose the structure that optimizes your tax position while meeting New York’s professional practice requirements.

Our incorporation services include entity formation, EIN registration, state and local business registrations, operating agreement or shareholder agreement drafting support, and ongoing corporate compliance. We work closely with your attorney to ensure all legal and financial considerations are properly addressed.

Law Firm Mergers, Acquisitions & Dissolutions

Law firm transitions require specialized knowledge of the “unfinished business” doctrine and other unique considerations in the legal profession. We guide firms through mergers, acquisitions, partner buyouts, and dissolutions with careful attention to tax consequences, ethical obligations, and financial implications for all parties.

Our transition services include financial due diligence, valuation support, tax structure planning for acquisitions, management of accounts receivable and work-in-progress during transitions, client fund transfers, and final tax returns for dissolving entities. We ensure smooth transitions that protect all stakeholders and maintain compliance throughout the process.

GAAP Compliance & Professional Standards

Every accounting service we provide adheres strictly to Generally Accepted Accounting Principles (GAAP) and the New York Rules of Professional Conduct governing attorney trust accounts and financial practices. We maintain detailed audit trails and implement internal controls that satisfy both accounting standards and ethics requirements.

Our compliance framework includes monthly trust account reconciliations with detailed three-way reconciliation reports, annual trust account certification preparation, compliance monitoring for Rules of Professional Conduct 1.15 (safekeeping property), escheatment compliance for unclaimed client funds, and readiness for random Attorney Grievance Committee audits. We document everything meticulously so you can practice with confidence.

Secure Cloud-Based Document Management

All financial records, client ledgers, and supporting documentation are maintained in secure, encrypted cloud storage with redundant backup systems. You have 24/7 access to your financial data through secure portals, with customizable reporting dashboards that give you real-time visibility into your firm’s financial health.

Our technology infrastructure includes bank-level encryption, multi-factor authentication, regular security audits, automatic daily backups, disaster recovery protocols, and seamless integration with popular legal practice management software. Your sensitive financial information is protected with the same rigor you apply to client confidentiality.

Financial Analysis & Strategic Planning

Beyond basic bookkeeping and compliance, we provide strategic financial analysis to help you grow your practice profitably. Our customized reporting includes key performance indicators specific to law firms such as realization rates, collection rates, billable hours analysis, matter profitability, partner compensation metrics, and cash flow forecasting.

We help you understand not just what happened last month, but what it means for your business strategy. Whether you’re evaluating practice area profitability, planning for partner distributions, budgeting for expansion, or preparing for retirement, we provide the financial insights you need to make informed decisions.