Succeeding in the legal marketplace is tougher than it used to be. Expertise in practicing law just isn't enough anymore. Organizational structure and administrative functions need to be as efficient as possible. A long-range strategic vision is required to ensure the healthy growth of the firm. You need the best information and the keenest analysis at your fingertips so that you can make informed decisions about the business issues on which the success of your firm depends.
Anchin's Law Firm Services Group addresses the special financial reporting, tax and financial planning, and management and information systems requirements of today's law firms, as well as the traditional range of accounting, auditing and tax services. The Law Firm Services Group provides services optimized and customized for the unique structure and environment which today's law firm operates.
Customized Financial Analysis and Reporting
Your firm may have more than one area of specialization or may practice from more than one location. However your firm is structured, it is essential that you have an understanding of your firm's profitability at every level. With reports and analyses tailored to your specific needs, we can give you that understanding.
Successful law firms are often the result of a few key individuals. This makes an effective and viable succession plan a must. Planning in advance for the continuity of your law firm can assure the realization and continuation of a lifetime's work and dreams. A well-constructed succession plan will allow your firm to continue on, while maximizing its value to you and your heirs.
Information Systems Consulting, Implementation and Support
Your firm's profitability depends on accurate and timely information systems. Our information systems consultants can assist you in choosing and installing the hardware and software your firm needs. We can also evaluate your existing system to gauge its effectiveness for your practice, and help you sensibly plan the acquisition and implementation of system upgrades and improvements.
Adding to the Bottom Line
We are always looking for ways to help our law firm clients track their time, improve the billing process, and collect currently. With our extensive experience in accounting for the legal profession and our willingness to take the initiative in offering suggestions to our clients, we have contributed to the improved profitability and cash flow of many law firms--why not yours?
Pension and Retirement Planning
Planning for retirement is essential for your firm and its partners. We can help you structure your qualified and nonqualified retirement plans. Our cutting edge plan design ideas will reduce annual plan contributions and maximize the amounts being allocated to the partner group.
We can assist your partners and high net worth individual clients who have accumulated substantial balances in their qualified retirement plans and IRAs. Instead of having these assets subject to a combined 90% income and estate tax, our consultants can advise you of strategies that will turn these assets into a wonderful wealth accumulation tool.
- Accounting, Auditing and Taxation
- Financial Reporting
- Budgeting and Forecasts
- Obtaining Bank Financing
- Profitability Analysis
- Cash Flow Projections
- Law Firm and Personal Tax Planning
- Pension Planning
- Retirement Planning
- Tax Compliance
- Estate Planning
- Management and Information Systems Consulting
- Partner Compensation
- Succession Planning
- Operations Review
- Software Selection, Implementation and Support
- Time and Billing Systems
- Internal Control Review
- Accounting Systems
- Document Imaging
- Disaster Recovery Planning
- Merger and Acquisition Support