The Questions Managing Partners Actually Ask
Collections: Track billings, collections, and outstanding receivables to improve cash flow and reduce revenue left uncollected.
Trust Accounting: Keep client funds accurately tracked, reconciled, and fully separated from operating accounts to maintain compliance.
Profitability: Measure profitability by matter, attorney, and practice area to identify what drives sustainable firm growth.
Partner Pay: Align partner compensation with realization, collections, and firm performance using current financial data.
Realization: Monitor billable work from time entry to collected revenue for better financial visibility.
Specialized CPA · Law Firms
Strategic Accounting for Growing Law Firms
Running a law firm well and running its finances well are not the same skill. Litrivis CPA works with law firms on the full range of what that requires: trust accounting handled with the care it deserves, financial reporting partners can rely on, tax planning built around how partnership income actually works, and advisory support as the firm grows.
🌐 Available virtually, serving law firms nationwide
How Litrivis Helps
Financial Clarity For Growing Law Firms
Law firms need more than accurate bookkeeping - they need financial systems that protect client trust, improve profitability, and support confident decision-making. Litrivis combines accounting, trust compliance, tax strategy, and financial planning to help firms streamline operations and build a stronger financial foundation for long-term growth.
Accounting & Bookkeeping
Trust accounting only works if the books underneath it are accurate. We keep trust and operating funds segregated, client and matter ledgers current, and reconciliations on a schedule.
Controller Services
Firm-level and matter-level reporting that shows partners how the firm is actually performing, and internal controls sized to catch problems before they show up in a distribution shortfall.
Tax Planning & Compliance
Partner-level tax strategy built around K-1 timing, entity structure, and multi-state apportionment for firms with attorneys working across state lines.
FP&A
Realization and collections forecasting, partner compensation modeling on current data, and cash flow forecasting that reflects how each practice area actually gets paid.
M&A / Transaction Advisory
Financial due diligence for mergers and lateral group additions, succession planning grounded in real firm valuation, and reporting that keeps the firm's finances clear through a transition.
The Real Challenge
Most law firms lack full clarity on their finances
Having accurate books and having a clear financial picture are two different things. Most bookkeepers and general accountants deliver the first. Litrivis delivers both.
Partners cannot say with confidence which matters or practice areas are genuinely profitable once real costs are counted
Financial reports are produced every month but rarely used to guide pricing, compensation, or growth decisions
Billings can look strong while distributions stay flat, and no one can say exactly why
Trust reconciliations happen, but nobody is fully confident they'd hold up under scrutiny
Case costs are tracked loosely or after the fact, so true matter profitability isn't known until a case closes
88%
average law firm realization rate - showing the percentage of billable work that gets invoiced to clients.
93%
average law firm collection rate - the percentage of invoiced work that is ultimately collected.
93 days
median total revenue lockup for law firms, representing the time revenue can remain tied up in unbilled work and unpaid invoices.
32 days
median collection lockup - the typical amount of time revenue remains tied up in unpaid client invoices.
Find Your Fit
Built around your business model
Every law firm has different financial and operational needs. Whether you're a solo practice, growing partnership, or multi-partner firm, see how Litrivis supports legal businesses with accounting, trust compliance, tax strategy, and financial planning.
Typical outcomes
Reduced trust reconciliation time from days to hours
Staff time versus billed time, surfacing where hours go unbilled or under-billed across accounts
A cash flow model that reflects settlement timing instead of assuming steady monthly revenue
Case costs that are tracked, not guessed at, when a matter finally resolves
Where financial visibility is missing
Case costs are tracked loosely or after the fact, so true matter profitability isn't known until a case closes
Cash flow planning assumes steady monthly income, when the real pattern is long gaps followed by lump-sum settlements
Trust and case-cost funds aren't clearly segregated from operating funds, creating both a compliance risk and a reporting blind spot
Referral and case-type profitability isn't tracked, so intake decisions are made on instinct
What We Build For Litigation And Contingency Firms
Litigation and contingency firms operate on unpredictable revenue cycles, making cash flow and matter profitability harder to manage. We build financial systems that track every case from intake to settlement, giving partners clear visibility into costs, recoveries, and the true financial performance of the firm.
Case Cost & Matter-Level Tracking - Every case cost tracked against eventual recovery, so profitability per matter is known, not assumed
Settlement Cash Flow Forecasting - Forecasting built around irregular, lump-sum settlement timing instead of a monthly-billing assumption
Trust & Client Fund Reconciliation - Client and matter-level ledgers kept current and reconciled, with case costs properly segregated from firm operating funds
Realization & Recovery Analysis Clarity on which case types and referral sources actually produce profitable recoveries
Every Service Built For How Law Firms Actually Operate
Modern law firms need more than accurate books - they need financial systems that support compliance, improve partner visibility, and drive sustainable growth. From trust accounting and tax strategy to forecasting and transaction advisory, Litrivis provides the financial infrastructure legal practices need to operate with confidence.
Accounting & Bookkeeping
We maintain accurate firm books, keeping trust and operating funds segregated, matter ledgers current, and reconciliations completed to support compliance.
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Trust Accounting
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Operating Books
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Reconciliations
Accurate books and compliant trust accounting that support day-to-day operations.
Controller Services
We deliver firm and matter-level reporting with internal controls that give partners clear financial visibility and help prevent costly operational issues.
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Firm-Level Reporting
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Matter-Level Reporting
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Internal Controls
Clear financial visibility and stronger controls for partner decision-making.
Tax Planning & Compliance
We develop partner-focused tax strategies covering K-1 planning, entity structure, and multi-state compliance for modern law firms.
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Partner Tax Planning
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K-1 & Estimates
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Multi-State Compliance
Tax planning that reduces surprises and supports partners across jurisdictions.
FP&A
We forecast realization, collections, cash flow, and distributable profit, giving partners reliable financial insight for better planning and compensation decisions.
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Realization Forecasting
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Compensation Modeling
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Cash Flow by Practice Area
Better forecasting and more informed profitability and compensation decisions.
M&A / Transaction Advisory
Financial due diligence and reporting support for mergers, lateral partner group additions, and partner succession, so partners negotiate and plan from an informed position.
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Due Diligence
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Succession Planning
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Transition Reporting
Financial clarity and confidence throughout firm transitions and growth.
Cash Flow & Liquidity Management
We help law firms improve cash visibility with forecasting, working capital planning, and partner distribution models built around real collection cycles.
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Cash Flow Forecasting
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Partner Distribution Planning
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Working Capital Analysis
Stronger liquidity and more confident financial decisions throughout the year.
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Litrivis CPA
Generalist Bookkeeper/CPA
Varies
Partner compensation modeling
IOLTA/trust bookkeeping & reconciliation
Tax preparation & compliance
Partner-level & multi-state tax planning
Matter and practice-area profitability reporting
Realization & collections tracking by partner
M&A / lateral / succession advisory
All of the above from one team
Capability
Why LAw Firms Choose Litrivis
More than accounting - a financial partner for law firms
Schedule Your Free Law Firms Industry Consultation
30 minutes with a media-focused financial advisor. No sales pressure just a genuine discussion about your business, production budgets, revenue opportunities, and growth strategy.