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Outsourced finance teams for founder-led law firms.
Clean books, partner distributions and cash flow clarity for growing practices. Founder’s Accounting™ supports founder-led law firms with $1M to $100M in revenue.
Growing practices run on billable hours, but cash runs on collections.
Law firm founders are experts in their practice, not in accounting. As the firm grows, the books get more complicated: operating accounts and client trust accounts that must stay strictly separate, uneven collections from billing cycles, and partner compensation that depends on numbers everyone trusts.
Trust accounting rules are set by each state’s bar, and mistakes carry real professional consequences. Meanwhile, the firm’s leaders often can’t see which practice areas, matters or attorneys are actually profitable.
What it costs you
Trust account risk
Commingled or unreconciled client funds can create serious compliance problems.
Cash gaps between billing and collection
Payroll and rent don’t wait for clients to pay.
Partner disputes
Distributions based on unclear numbers strain relationships.
Unknown profitability
Without matter-level reporting, you can’t see where the firm earns.
What your finance team does for law firms.
Operating and trust accounts kept separate
Reconciled on schedule, with clear records for your bar’s requirements.
Collections and cash planning
Invoicing, follow-up and forecasts that smooth uneven cash flow.
Partner reporting
Clear numbers behind compensation and distributions.
Profitability by practice area
Reporting that shows which matters and attorneys drive margin.
The team we recommend for law firms.
The right tier depends on your firm’s size. Firms under $7M in revenue are typically well served by Tier 2, where a full-time AP, AR & Payroll Clerk manages billing and collections and a Fractional Controller oversees reporting and controls. Firms above $10M are best served by Tier 3, which adds a Fractional CFO and a full-time custom specialist. Between $7M and $10M, either tier can fit, and we’ll recommend one on your discovery call. In Tier 3, your custom specialist can be a case management specialist.
Tier 2: Controller-led finance team
Growing companies that need full accounting operations, payroll and controller-level oversight.
- Founder’s Bookkeeper (full-time)
- Accounts Payable, Receivable & Payroll Clerk (full-time)
- Founder’s FP&A Analyst (full-time)
- Fractional Controller (up to 10 hours per week)
- SOP & tech stack review
- Month, quarter & year-end close in 10 business days
Tier 3: CFO-led finance department
Companies scaling fast, raising capital or preparing for an exit that need executive financial leadership.
- Everything in Tier 2
- Custom specialist (full-time)
- Fractional CFO (up to 10 hours per week)
- Our SOPs & tech stack, integrated with yours
- Month, quarter & year-end close in 10 business days
See how this works for a company like yours.
We share client stories anonymously to protect our clients’ privacy. On a discovery call, we’ll walk you through examples from founder-led companies in your industry.
Questions? Answers.
Which tier is right for my law firm?
It depends on your firm’s size. Tier 2 typically fits firms under $7M in revenue, and Tier 3 is best for firms above $10M. Between $7M and $10M, either can work, depending on your growth plans and how much strategic CFO support you need.
Can you work with our practice management software?
In Tier 1 we work within your existing tech stack. Tier 2 includes a review for inefficiencies, and Tier 3 integrates our tech stack with yours.
Do you handle trust account reconciliations?
Your team reconciles trust and operating accounts as part of keeping your books current. Your firm remains responsible for complying with your state bar’s trust accounting rules.
How do you protect our financial data?
Security is built into how we work. Your financial data is encrypted in transit and at rest, access is limited to the people who need it and protected with multi-factor authentication, and every team member is bound by confidentiality agreements. Bank account access is granted only to authorized team members, only with your approval, and removed as soon as it’s no longer needed. Every platform we use, and every tool that connects to your systems, is held to high security standards.
Still have a question?
Don’t let your finances be the reason why.
Talk with our team: +1 888 348 8573