Armanino’s combined consulting and accounting practice is dedicated to serving the business needs of law firms. From “bet the firm” strategic guidance to tax compliance services that understand the specialized tax rules that apply only to law firms, Armanino’s Law Firm Services team provides best-in-class service from the boardroom to the back office.

Our approach is customized for each client; nothing is off the shelf. Whether your firm is navigating a generational leadership transition or evaluating a software platform, Armanino has the team, the experience, and the solutions to help. Our experienced team provides a full spectrum of advisory services including:

Performance and Operations

• Profitability Analysis & Benchmarking
• Operating Process Improvement
• Temporary CFO/Controllership
• Cybersecurity
• Law Firm Performance Management with Adaptive Insights

Mergers and Acquisitions

• Due Diligence Analysis
• Post-Merger Integration Support

Health Check

Law firms face challenges in day-to-day operations that can make it harder to grow and focus on strategic priorities. These challenges may include general counsel pricing pressures, industry consolidation, commoditization of certain practice areas, retirement of rainmaking partners, cybersecurity threats, generational culture differences and partner compensation issues.

Our analytical approach provides insights to help you address these challenges. We conduct leadership interviews, profitability analysis and external market analysis, supplemented with peer data from our law firm benchmarking survey. We examine your firm’s culture, operations and strategy to gain a clear understanding of your business.

Our specialists use this information to perform a diagnostic assessment of your unique situation. We then provide an evaluation with quantitative benchmarks for compensation, technology, rates and demographics. Our recommendations offer a strong framework to support your firm’s growth.

Our specialists have worked with hundreds of law firms of varying sizes and needs. They provide not only an accurate report of your monthly transactions, but also analysis and keen insights to help drive further growth and profitability for your firm. And we design your solution to best meet your needs.

Our full outsourcing solution includes: subledger transaction entry, journal entries, general ledger processing, billing and e-billing, work-in-progress and accounts receivable management, financial statements, bank reconciliations, tax reporting, and fractional controller and CFO services. Or, if you prefer to keep some functions in-house, you can take advantage of our limited outsourcing solution and select from a subset of these services.

We understand that law firms are different from most businesses, from the proper treatment of client advances to the specialized rules of trust accounting.

Law Firm Tax Services

Law firms face unique tax considerations, from partner compensation structures and client cost treatment to multistate and international requirements. Our tax professionals help you manage compliance, navigate changing regulations and identify opportunities to support long-term performance.

Assurance Services

Gain confidence in your firm's financial reporting with assurance services built for the legal industry. We provide financial statement audits, reviews and compilations, along with internal control and operational assessments that help strengthen transparency, manage risk and support informed decision-making.

California CTAPP Compliance Review

When selected for a Client Trust Account Protection Program (CTAPP) compliance review, you need a provider that understands both trust accounting requirements and law firm operations. We manage the review process from testing and interviews through reporting, helping you navigate State Bar of California requirements efficiently with clear communication, timely responses and practical guidance every step of the way.

This monthly subscription-based service is accessible 24/7 and comes at a fraction of the cost and time needed to train or add staff to perform the same analysis in-house.

We offer multiple levels of support, providing you with the financial reporting, attorney utilization, inventory review and profitability analysis that will give you a new way to visualize and analyze your firm’s data.

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