by Lynda Artesani | Dec 5, 2021 | Accounts Receivable, General Tips, LeanLaw, Legal Apps, Work Processes
There are so many acronyms when you work with attorneys. You may be asked as a bookkeeper who works with lawyers about LEDES. LEDES is an acronym for Legal Electronic Data Exchange Standard. What does that exactly mean? LEDES has been around since 1995 and is a file...
by Lynda Artesani | May 9, 2021 | Client Costs Advanced, General Tips
As you dig deeper into trust accounting, this is the age-old question. Why is my trust accounting not balanced? We see this all the time with clients. They’ll tell us that their trust account is balanced and they reconcile the bank. But just by reconciling the bank,...
by Lynda Artesani | May 2, 2021 | Client Costs Advanced, General Tips
If you just landed your first attorney-client, you may be struggling with some of the terminologies: think IOLTA, what the heck is that? Trust Accounting, is that an IOLTA? And what are the best practices around trust accounting? Perfect Structure The...
by Lynda Artesani | Apr 25, 2021 | Client Costs Advanced, General Tips
A couple of week’s ago, I wrote an article was all about Direct/Hard costs when working with attorney clients. This week we are going to dive into what Indirect/Soft Costs are. These expenses are fees that are law firm overhead and are expenses that are...
by Lynda Artesani | Apr 11, 2021 | Client Costs Advanced, General Tips
I know I have written many articles on this topic. But it seems to be the one topic that keeps attorneys and bookkeepers awake at night. Let’s dive in. Hard Costs/Direct Costs Definition: They are fees that the law firm pays on behalf of a client. The attorney...
