When Peggy Gruenke’s business CPN Legal takes on projects with lawyers to implement new accounting technology and processes, she often finds a mess to clean first.

Many firms don’t have adequate finance and accounting habits or make the mistake of hiring bookkeepers without experience working with law firms. Those mistakes, if not cleared up, can put law licenses in jeopardy.

Host Adriana Linares has Gruenke walk through best practices in setting up a business, from getting an EIN to deciding whether to incorporate as an LLC or a partnership. These steps help in determining the types of law practice management and accounting systems to choose.

The two also discuss the negatives and positives of various practice management and accounting tools on the market.

And in this episode’s New Insights segment, brought to you by Nota, Eric Ganci returns to answer Robert Southwell’s second question – what are the must-have trial prep reference materials new attorneys should be keeping close at hand?

Previous episode referenced: Money Management 101 for Solo and Small Firm Professionals

Peggy Gruenke is co-founder of CPN Legal in Cincinnati.

Special thanks to our sponsors, LawclerkAlert CommunicationsAbby Connect, and Clio.