Legal · 14-Attorney Firm — New York, NY
Solved Trust Accounting Issues for a 14-Attorney Law Firm
The Challenge
A mid-size NY law firm had commingled operating and trust funds, had no monthly three-way trust reconciliation, and was about to face its first state bar trust audit. The managing partner was facing potential disciplinary exposure.
Our Approach
We deployed a law-firm-specialist accounting team to separate trust and operating funds, rebuild 2 years of client ledgers, perform the three-way reconciliation monthly going forward, and prepare the full audit-trail documentation for the bar.
The Result
The firm passed its first trust audit with zero findings. Trust and operating accounts are now fully reconciled monthly. The managing partner's exposure was resolved, and the firm avoided any disciplinary action. The team continues to handle monthly reconciliation, partner draws, and trust compliance.