"Law Firm Accounting and Financial Management" is a complete guide to fundamental management, tax reporting and accounting strategies. It demonstrates how to: make maximum use of your firm's financial reports; develop a program to improve your firm's profitability; use operating statistics as a management tool; automate accounting and financial information systems; understand partnership tax returns; implement a successful tax planning strategy; develop merger and acquisition strategies; plan for opening offices outside the U.S.; create financial models to help your firm choose among alternative strategies; understand risks facing law firms and develop risk management policies; design partner compensation programs; understand retirement planning options through qualified retirement vehicles; establish a long-range plan to control your firm's destiny; and standardize codes for budgeting and billing. This book is updated as needed, generally two times each year.
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