Law Firm Accounting and Financial Management (Sixth Edition)

By Stanley Kolodziejczak and David E. Gaulin

Accounting experience not required Whether you are a partner, an executive director, or a law firm CFO, Law Firm Accounting and Financial Management helps you manage your law firm effectively. Featuring lucid explanations and illustrative exhibits, the new edition -- the most comprehensive and detailed version to date -- discusses the latest management, tax planning and accounting strategies for law firms; new information reporting requirements; and special issues affecting multinational firms. Topics covered include: fundamentals of law firm financial information, with easy-to-understand examples of the data involved; financial management concepts, such as profitability analysis, profit center accounting, budgeting, long range planning, project management and organizing the finance function within the law firm environment; tax planning and reporting, with discussion of compliance, retirement and pension plans; law firm structures, with discussion of the use of umbrella structures by multinational law firms and the issues raised by cross-border practices; and advanced accounting and financial considerations for law firm management. Advanced topics include: managing risk; pricing strategies, management information reporting; benchmarking; property acquisition; M&A accounting and strategies for successful mergers; capital structures and financing; the uniform task-based management system; and partner compensation.

• Format: Loose Leaf
• Language: English
• ISBN: 1588524043
• ISBN13: 9781588524041
• Release Date: December 2020
• Publisher: Law Journal Press
• Length: 1222 Pages