Legal Professionals & Law Firms
Realization reporting, attorney utilization tracking, firm profitability, partner compensation, and strategic tax planning for boutique law firms and multi-partner practices.
Protecting Your Practice
Partner Compensation, Realization Rates & Law Firm Profitability
Law firms face distinct financial complexities: balancing associate overhead, multi-state partner pass-through taxation, and distribution formulas that demand clear financial leadership.
SMG optimizes partner compensation models, analyzes attorney utilization rates, and provides managing partners with actionable realization reporting to drive firm profitability and tax efficiency.
Legal Advisory Services
Strategic financial leadership and tax advisory tailored to maximize law firm profitability.
Partner Compensation & Capital Accounting
Structuring partner draws, tiered equity distribution models, origination formulas, and capital buy-in tracking.
Billable Realization Reporting & WIP
Analyzing billing realization rates, work-in-progress (WIP), collection efficiency, and practice group metrics.
Attorney Utilization & Productivity Analysis
Monitoring associate and partner billable hours, fee-earner capacity, and overhead allocation to maximize practice margins.
Firm Profitability & Cash Flow Advisory
Delivering departmental operating statements, cash flow forecasting, expense benchmarking, and retainer fee analysis.
Practice Management Software Sync
Seamless data synchronization between Clio, MyCase, PracticePanther, TimeSolv, and your core accounting ledger.
Strategic Tax Planning for Law Firms
Entity tax optimization for LLPs, PLLCs, and PCs, handling multi-state partner pass-through withholding, and year-end tax minimization.
Let's Talk Legal Practice
Book a consultation with our law firm accounting team.