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.
Withum’s ranking on the “Best Of” Business Accounting Provider for law firms reflects the value Withum brings to the legal industry when helping address the unique needs of law firms. The Law Firm Services Team serves firms of all sizes, from boutique practices to Am Law 200 organizations, helping managing partners and firm leadership make…
As 2026 comes to a close, cash-basis law firms should consider year-end planning opportunities that may reduce or defer taxable income while supporting the firm’s broader business and cash-flow objectives. Because cash-basis taxpayers generally recognize income when received and deductions when paid, actions taken before December 31 can directly affect the taxable income ultimately allocated…
Many law firm owners look at the bottom line of their profit and loss (P&L) statement and assume the firm is in great shape. But here’s the reality: You can be profitable on paper and still run out of cash. It happens to busy, growing, well-run firms, not because the work isn’t there but because…
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.
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Our Law Firm Managing Partner Interview Series features in-depth conversations with managing partners from law firms across the country. Each interview delves into the firm, its strengths and unique attributes, as well as the challenges the firm faces and how each Managing Partner works to overcome them.
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.
Learn MoreYou’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.
Learn MoreToday’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.
Digital Workplace SolutionsFor 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.
Learn MoreFrom 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.
Forensic and Valuation Services
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