Industries
Law Firms
Overview
Succeeding in the crowded legal market is a difficult challenge. 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 future of your firm. You need the best information and analysis at your fingertips to make informed decisions about important business issues.
Anchin addresses retirement planning, and firm management challenges of today’s law firms, as well as the traditional range of assurance & financial reporting and tax services. The Law Firms Group provides services optimized and customized for the unique structure and environment in which today’s law firm operates.
Anchin has been in operation for 100 years, and as a professional services firm, we understand the challenges you face. Whether it’s strategic planning to develop the next generation of leaders or developing tax-effective compensation and partner buyout plans, a well-run business model and strategy is the key to law firm success.
Tailored Services
- “Best practices” review of partnership agreements
- Business risk
- Cash flow projections
- Compensation and benefits
- Cost segregation
- Customized financial analysis and reporting to help understand profitability
- Enhancing billing processes, improving collections, and managing overhead
- Estate planning
- International, state and local taxation nexus studies
- Income Tax
- Litigation, forensic and valuation
- Mergers and acquisitions, including due diligence procedures
- Operational and internal control reviews
- Partner compensation
- Pension and retirement planning and maximizing of plan benefits
- Personal finances
- Succession planning
- Tax compliance
- Succession planning