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Financial Clarity for Law Firms

That Have Outgrown Basic Bookkeeping

Growing law firms need more than accurate books. They need reliable financial reporting, stronger controls, clear visibility into cash flow and profitability, and financial guidance that supports better decisions.

Financial Foothold provides outsourced Accounting, Controller, and Fractional CFO leadership designed to help growing law firms build a stronger financial foundation without the cost of a full internal finance department.

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When the Firm Grows, the Financial Picture Gets More Complicated

Law firm finances can become difficult to manage as revenue, attorneys, matters, employees, and partner expectations increase. The issue isn’t simply keeping the books current. It’s having financial information you can actually use to run the firm.

You may recognize some of these challenges:

  • WIP is growing faster than collections
  • Accounts receivable is too high
  • Partners do not have clear financial visibility
  • Trust accounting processes are inconsistent
  • IOLTA reconciliations require more attention
  • The firm does not know which matters are actually profitable
  • Practice-area profitability is unclear
  • Partner distributions are difficult to plan
  • Cash flow is unpredictable
  • Financial reports arrive too late to support decisions
  • Hiring decisions are being made without reliable forecasts
  • The firm has grown beyond its current accounting processes

Financial Management Built Around the Economics of Your Firm

Improve Cash Flow

Turn WIP, receivables, and collections into a clearer cash-flow picture.
  • WIP management
  • Accounts receivable visibility
  • Collections analysis
  • Cash-flow forecasting
  • Partner distribution planning
  • Cash-reserve planning

Understand Profitability

See where revenue and profit are really coming from.
  • Matter profitability
  • Client profitability
  • Practice-area profitability
  • Attorney productivity
  • Revenue per attorney
  • Profitability trends

Strengthen Financial Controls

Create more reliable processes and financial information.
  • Month-end close
  • Account reconciliations
  • Trust accounting processes
  • IOLTA reconciliation
  • Financial statement review
  • Internal financial controls
  • Reporting consistency

Make Better Growth Decisions

Use financial information to make decisions about people, pricing, and growth.
  • Hiring analysis
  • Compensation planning
  • Budgeting
  • Forecasting
  • Scenario analysis
  • Growth planning

The Right Level of Financial Support for Your Law Firm

Your firm’s financial needs change as the business grows. Financial Foothold can provide the level of support appropriate for where your firm is today — and add deeper financial leadership as your needs evolve.

Accounting

Reliable accounting operations that give your firm a stronger financial foundation.
  • Recurring accounting
  • Reconciliations
  • Month-end close
  • Financial statements
  • Transaction accuracy
  • Trust and IOLTA accounting support
  • Reliable financial records

Controller

More oversight, stronger controls, and better financial visibility.
  • Financial statement review
  • Month-end close oversight
  • Financial controls
  • Management reporting
  • KPI reporting
  • Cash management
  • Balance-sheet integrity
  • Accounting-team oversight

Fractional CFO

Forward-looking financial leadership for important business decisions.
  • Cash-flow forecasting
  • Profitability analysis
  • Budgeting
  • Scenario planning
  • Partner-level financial decision support
  • Growth planning
  • Strategic financial guidance

Accounting Cleanup

Get your financial records back in order and establish a stronger foundation for ongoing accounting.
  • Historical accounting cleanup
  • Reconciliations
  • Correcting financial statements
  • Chart-of-accounts cleanup
  • Resolving accounting inconsistencies
  • Preparing the books for ongoing accounting
  • Establishing better processes after cleanup
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Know the Numbers That Actually Matter to Your Firm

Traditional financial statements tell you what happened. Law-firm-specific financial metrics can help explain why it happened and where the firm can improve. Better financial visibility gives firm leadership a stronger basis for decisions about hiring, compensation, pricing, growth, and distributions.

WIP

Understand work performed but not yet billed or collected.

Accounts Receivable

Monitor outstanding client balances and collection trends.

Lockup

See how quickly work converts into collected cash.

Utilization

Understand attorney capacity and productivity.

Realization

Evaluate how effectively recorded time becomes revenue.

Profit per Partner

Understand partner-level financial performance.

Revenue per Attorney

Compare revenue generation across the firm.

Collection Rate

Monitor how much billed revenue is ultimately collected.

Practice-Area Profitability

Identify which areas contribute most to firm performance.

Matter Profitability

Understand the economics of individual engagements.

Cash Reserves

Evaluate liquidity and financial readiness.

Book a strategy call to explore how we can support your business.

Schedule a Strategy Call

feedback

Results Our Clients Can Measure

Hands down best bookkeeping/financial firm for small business owners. The customer service is what sets Financial Foothold apart from the rest. Very fast, friendly, and my books give me much needed clarity on a monthly basis.

C. V.

San Francisco, CA

Our LLC needed to get our books in order for potential sale of the company. Julianne at Financial Foothold was incredible. Accounting is out of our wheelhouse so we turned to Financial Foothold, which was an incredible business decision. She was able to get our accounting reports squared away and the fees were amazingly reasonable. What took Julianne four hours would have taken us four days. Highly recommend Financial Foothold!

B. U.

Lakeway, TX

Awesome local business with a strong reputation in the community. The owner, Julianne, runs her business w/ honesty and integrity. Highly recommend!

C. B.

Austin, TX

Julianne provides excellent bookkeeping for clients of The Mangold Group, CPAs. With expertise in QuickBooks, bookkeeping skills, and great service, The Mangold Group, CPAs is pleased to highly recommend Financial Foothold.

C. B.

Austin, TX

We’ve used Financial Foothold for years and have had a great experience. They are easy to work with, very responsive, and offer great customer service. I would highly recommend them! They are honest, and do an outstanding job!

H. M.

Cedar Park, TX

Your Firm Shouldn’t Have to Guess About Cash Flow, Profitability, or Growth

Get the financial support you need to understand where your firm stands—and make better decisions about where it is going.

1

Pick a time for your strategy call.

2

Get your financial health assessment.

3

We design the right level of support for your business.