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 mapping the future of their firms, implementing growth strategies presented by a rapidly-changing market, implementing programs to improve profitability, utilizing effective tax strategies, rethinking brand strategy, developing the next generation of leaders and finding creative ways to build firm culture in a hybrid/remote work environment.
The new normal 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.
From management consulting to tax and audit services, litigation support to legal tech, Withum’s multidisciplinary team of law firm services experts serve as trusted advisors for all of your practice management needs and deliver the innovative solutions you need to succeed.
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
Strategic Business Planning
Law firms are experiencing growth and change as shifts in leadership usher in modern processes. Consulting with experts on vital business operations, from marketing and business development to cash flow and profitability management, allows you to keep pace with the industry.
Expanding Your Practice
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.
Digital Transformation
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.
Data Security
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.
Litigation Support
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
- Financial Assistance
- Pension and Profit-Sharing Plans
- Partner Compensation Plans
- Benchmarking/KPIs
Law Firm Advisory Services
- Cyber and Information Security Services
- Digital and Technology Transformation
- IT Managed Services
- Governance, Organizational Review and Assessment, Culture
- Law Firm Mergers and Acquisitions
- Partner Retreat Facilitation
- Business Succession Planning
- CLE Course Provider
Contact Us
For more information or to discuss your business needs, please connect with a member of our team.
Leadership
Insights
Use Tax: The Overlooked Tax of Law Firms
Understanding use tax, a tax imposed on goods or services purchased outside a jurisdiction but used within that jurisdiction, is critical. Use tax is meant to complement sales tax by […]
Understanding Advanced Client Costs: A Tax Perspective for Attorneys
As attorneys navigate the complex landscape of tax law, understanding the financial intricacies of their practice is crucial. One area that demands attention is advanced client costs. These costs, often […]
How Law Firm Entity Type Affects Owner Compensation
The type of compensation a law firm owner may receive will vary depending on how the law firm is structured. If a business issues the wrong type of compensation, it […]