How can lawyers protect client funds in the event of a bank collapse?

In an unpredictable financial landscape, lawyers must take proactive measures to safeguard client trust accounts. While the possibility of a bank collapse may seem remote, recent events have reminded us of the importance of being prepared. In this blog post, we will explore steps that lawyers can take to protect client funds in the event…

Koma Consulting Group PC | How We Can Help You

Have you ever felt your law firm needs two offices working in tandem – one that handles all the legal business and the another that handles accounting and finance? Outsourcing these services can be expensive for small to mid-sized law firms, but the Koma Consulting Group PC is here to change that. More About Us…

How Can Law Firms Ensure They Comply With California’s Tough New Rules?

On July 23, 2021, the California Bar Board of Trustees established the “Committee on the Special Discipline Case Audit.” One of the main tasks of this new committee, chaired by Jose Cisneros, is to develop stronger regulations for attorney client trust accounts. The consensus of the Board is that an overhaul is needed to “remedy…

Five Cash Flow Resolutions Every Law Firms Should Make

If you plan any growth, you need to ensure that your cash flow remains positive throughout the year. Here are a five cash flow resolutions that can help you plan for and mitigate any cash flow problems.

What Tax Reform Means To Law Firms?

The Tax Cuts and Jobs Act of 2017 included a 20% deduction for “pass-through” businesses. This deduction was intended to provide a benefit to owners of flow-through entities that have an impact like the reduction in tax rates for C corporations.