Law Firms
Law firms are seeking new, innovative ways to do business, and strategic planning is at the forefront of leadership initiatives. Managing partners are exploring strategic planning, consulting and advisory services to keep up with changes in the industry and the new wave of demands – from customers and clients.
Firms are implementing programs to improve profitability, utilizing effective tax strategies, developing the next generation of leaders and finding creative ways to build firm culture in a hybrid/remote work environment. Today’s business landscape also requires law firms to rethink their digital and service delivery strategies to streamline processes and add the most value for clients. Today’s connected digital environment makes cybersecurity best practices and programs essential for keeping client and case data safe.
Law Firm Leadership Roundtables
Bringing forward-thinking Managing Partners from law firms across the nation together with leading industry experts for dialogue and solutions-building on pressing issues facing law firm leaders.
Legal Challenges and Trends
In a highly competitive and rapidly-changing market, firm leaders face unique management challenges. It is pivotal to ensure that your firm is meeting profitability and growth goals, managing effectively, utilizing effective service delivery models and has the appropriate structure and leadership in place.
You’ve worked hard to build your firm into what it is today. As you consider expansion possibilities and employee succession plans, you’ll want the confidence in knowing that future business partners and potential buyers are vetted appropriately and that your firm is valued for all that it’s worth.
Today’s business landscape is moving away from manual, paper processes at a fast pace. KPI dashboards, cloud services and artificial intelligence are effective digital solutions that automate business operations, allowing firms to enhance client service, boost collaboration and drive efficiency.
For law firms, client confidentiality is imperative. With the amount of sensitive case data and client information that your firm holds, keeping data safe is a top priority. Information security infrastructure and incidence response will ensure you’re protected and prepared.
From forensic investigations to business disputes to matrimonial litigation, lawyers and CPAs are frequent partners in the courthouse. Your lawyers need a trusted forensic and valuation partner with the right accounting expertise to assist with an array of legal proceedings.
Law Firm Managing Partner Interview Series
Are you interested learning more about our video series, and possibly being a future guest?
Join us for an episode to share your journey as a law firm managing partner.
Services for the Legal Industry
Law Firm Accounting Services
- Tax Consulting and Compliance
- Audit and Attest
- Law Firm Profitability Analysis
- Budgeting and Forecasting
- Operations Review
- Cash Flow Management
- Internal Control Review
- Pension and Profit-Sharing Plans
- Compensation, financial analysis, financial management/buyout
- Benchmarking/KPIs
Law Firm Advisory Services
- Practice Management
- Strategic Planning
- Practice Group Management
- Cyber and Information Security Services
- Digital and Technology Transformation
- IT Managed Services
- Law Firm Mergers and Acquisitions
- CLE Course Provider
Industry Involvement
Contact Us
For more information or to discuss your business needs, please connect with a member of our team.
Leadership
Insights
Optimizing Tax Strategies for Law Firm Partners
As a law firm partner, effective tax planning is crucial to maximizing your financial efficiency and ensuring compliance with ever-evolving tax laws. Here are some key strategies, common pitfalls, and […]
Corporate Net Income Tax (CNIT) Reduction in Pennsylvania: A Boon for Law Firms
Pennsylvania has embarked on a significant tax reform journey by reducing its corporate net income tax (“CNIT”) rate. This initiative aims to lower the CNIT rate from 9.99% to 4.99% […]
2025 Top Trends: Law Firm Strategy Mid-Year Check In
A snapshot of significant findings at play so far this year, with guided insights from Withum’s 2024 Law Firm Leadership Survey. How has your firm been responding to the changing […]