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Law Firm Accounting Guide: 11 Steps to Boost Efficiency

MyCase

Obtaining an Employer Identification Number (EIN) is especially important for hiring employees, filing employment taxes, and opening business bank accounts. Revenue is the funds earned after completing legal services and before deducting expenses. If you already set up your business, proceed with the next steps.

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Attorney Fees and Costs: Strategies for Expense Management

MyCase

Contingency fee agreements must specify: The percentage of the award the attorney receives Whether the percentage is taken before or after the deduction of court fees and litigation expenses Retainer Fees An attorney retainer fee is an upfront deposit that is paid by the client and earned by the attorney over time. billion in 2000 to $117.4