Bookkeeping for Law Firms & Attorneys
Bookkeeping for
Law Firms and Legal Practices
Trust Account and IOLTA Compliance
We help law firms maintain the financial records needed to support accurate trust accounting and IOLTA compliance -- keeping client funds clearly separated and documented.
Matter-Level Billing and Cost Tracking
We track time, expenses, and billing by matter, giving you a clear view of realization rates, write-offs, and the true profitability of each client relationship.
Clean Books for a Focused Practice
We handle the financial back office so attorneys can focus on clients and casework rather than accounting -- with accurate financial statements delivered on a consistent schedule.
100+
Successful transactions completed
20+
Years of experience
$5 - 50m
Average size of transaction
$20-200m
Average market cap of clients across tech, manufacturing & services
Bookkeeping for Law Firms and Solo and Small-Group Legal Practices
What makes us different?
Law firms have specific bookkeeping requirements that most general accounting services do not handle well. Trust accounting and IOLTA compliance require strict separation of client funds from operating funds, with detailed records of every receipt and disbursement. Matter-level billing and cost tracking require a system that ties financial records to the firm’s case management. And the principals of a legal practice are focused on client work — not managing their accounting function.
Corviniti provides bookkeeping services to law firms, solo practitioners, and small-group legal practices that need an organized, accurate financial function. We handle the monthly close, maintain the records needed for trust account compliance, track billing and collections, and deliver the financial statements that practice management requires.
We work with litigation firms, transactional practices, and solo practitioners across practice areas. We understand the billing structures, trust accounting requirements, and financial reporting needs that legal practices navigate.
We help with:
- Trust Account Recordkeeping: Maintain the detailed records of client trust fund activity — receipts, disbursements, and account balances — needed to support IOLTA compliance.
- Billing and Collections Tracking: Track billed amounts, collections, and outstanding AR by client and matter to support realization analysis and collections management.
- Matter-Level Cost Tracking: Record and allocate disbursements, filing fees, expert costs, and other matter expenses to the correct client and matter.
- Monthly Close and Financial Statements: Execute a complete monthly close and deliver accurate income statements and balance sheets for practice management.
- Payroll and Partner Draw Recording: Record attorney and staff payroll, partner draws, and year-end profit distributions correctly.
- Tax Preparation Support: Maintain the financial records your tax advisors need for annual preparation and planning — including K-1 support for partnership structures.
- Practice Performance Reporting: Prepare financial summaries that show revenue by practice area, realization rates, and overall practice profitability.
- Expense Management: Categorize and track operating expenses correctly — including rent, malpractice insurance, bar dues, and professional development.
Our Bookkeeping Services
Monthly Bookkeeping
Maintain accurate financial records for your legal practice with a clean monthly close that gives you a clear picture of collections, expenses, and profitability.
- Trust Account Reconciliation: Reconcile the trust account monthly and maintain the detailed records needed for bar compliance.
- Billing and AR Tracking: Track billed amounts and collections by client and matter to monitor realization rates and outstanding balances.
- Financial Statement Delivery: Deliver accurate monthly financial statements for practice management review.
- Partner Draw Recording: Record partner draws and distributions accurately throughout the year.
Cleanup and Catch-Up
Organize and correct historical financial records, reconcile backlogged trust accounts, and establish a clean financial baseline.
- Trust Account Cleanup: Reconcile and organize historical trust account records, resolving any discrepancies between recorded and actual balances.
- AR Cleanup: Review and correct historical billing and collections records to produce an accurate accounts receivable aging.
- Ledger Cleanup: Reclassify miscoded expenses and resolve prior-period errors in the general ledger.
Financial Planning & Analysis
Translate accurate financial records into practice performance analysis that helps you understand profitability and make better management decisions.
- Realization and Collection Rate Analysis: Track billing realization and collection rates by practice area and attorney to identify where the practice is performing and where it is not.
- Practice Profitability Reporting: Compare revenue and expenses by practice area or attorney to understand the profitability of different parts of the firm.
- Cash Flow Planning: Build forward-looking cash projections that reflect billing cycles, collection timing, and planned expenses.
Contact us to discuss scope and pricing for your practice.
Why Choose Us?
Big 4 expertise,
boutique agility
Corviniti provides law firm bookkeeping with the technical depth and professionalism that legal practices expect — accurate, organized, and delivered by professionals who understand the specific requirements of legal practice accounting.
We work with legal practices of all sizes and structures
From solo practitioners managing their own back office for the first time to small and mid-size law firms that need a more organized accounting function, Corviniti provides the bookkeeping support legal practices require.
- Professional Services Experience
- Tax-Preparer Ready Year-Round
- Audit and Due Diligence Ready
- Big Four Experience, Boutique Attention
- Flexible Support That Grows With You
Contact Us To
Learn More
Call: (347) 472-1115
Email: info@corviniti.com
Tell us about your practice and what your current bookkeeping looks like. We will respond within 24 hours.
Learn More From
Frequently Asked Questions
Trust account accounting requires strict separation of client funds from the firm’s operating funds, with detailed records of every receipt and disbursement by client matter. We maintain the trust account ledger, reconcile it monthly to the actual bank balance, and ensure the records are organized to support bar compliance reviews. We do not provide legal compliance advice — we provide the financial recordkeeping that supports your compliance obligations.
Yes. We record billed amounts, track collections, and maintain an accounts receivable aging by client and matter. This gives you visibility into which clients have outstanding balances, what the overall collection rate is, and where write-offs are occurring. We work alongside your billing software or case management system to ensure the financial records are consistent with your billing records.
We record partner draws throughout the year and track each partner’s capital account. At year-end, we work with your tax advisors to ensure the profit allocation and distribution are recorded correctly and the K-1 information is accurate.
Yes. Solo practitioners benefit significantly from having organized, accurate financial records — for tax preparation, for understanding practice profitability, and for supporting any future growth of the practice. We scale the engagement to match the size and complexity of a solo practice.
We work alongside most major legal practice management and billing platforms. We do not replace your billing software — we reconcile the financial records in the general ledger to the billing system to ensure consistency between the two.
Yes. We regularly work with foreign private issuers and companies with cross-border structures, including IFRS reporting, US GAAP reconciliations, and multi-entity consolidations for companies with domestic and international subsidiaries.
In most cases, we can begin within a few days of finalizing our agreement. Our KYC and onboarding process is straightforward and does not create unnecessary delays before the actual work starts.
