Are You Ready for a Trust Account Audit? It’s just a typical Tuesday morning when a letter from the state Supreme Court arrives and says, “The Office of Attorney Ethics conducts a program for random inspection of attorneys’ records to determine compliance with the recordkeeping provisions of the Rule of Professional Conduct 1.15. Your firm […]
Need help with your trust accounting? Reach out to the CPN Legal team, we are here to help. Law school does not adequately prepare you for the day-to-day business of running a firm. It is imperative that you pay close attention to the handling of your trust account. How you handle your client’s funds cannot […]
3 Video Ideas to Jumpstart Your Firm’s TikTok or Instagram Presence (Plus Extra Advice!) Video is the present and future of content consumption. According to our 2022 Legal Marketing Trends Report, only 9% of law firms were on TikTok, which is the biggest social media platform in the world right now and is 100% video–based. […]
CBA members save on Clio, Gusto for Payroll, and Law Firm Accounting Services! New Clio subscribers, save an additional 25% for 3 months on either Boutique or Elite monthly plans. Use this link to sign up and receive your CBA member benefit discounts. Be sure to enter promo/referral code of CPN25. We will follow up with you to […]
Part II: Key Metrics to Review for Profitability We are closing out 2022 with blogs to focus on measures to track profitability. We talked about reports to prepare for 2023 in our last blog. Now let’s talk about some key metrics to have in place for 2023 and review on a regular basis. Understanding which […]
On October 10, 2022, 12 members of the CPN Legal team traveled to Nashville, Tennessee to participate in the 10th annual Clio Cloud Conference. As one of the leading Bookkeeping and Accounting groups for small and solo law practices, CPN Legal has invested time and talent in discovering and implementing the best in legal technology. […]
How Kenect Works: An Introduction to the Texting Platform In the past two years, law firms have no doubt seen a shift in the way clients communicate with lawyers, and these changes don’t seem to be going away anytime soon. One of the biggest changes we have seen in the last 18 months is through […]
Is 2023 going to be a profitable year? Key Metrics to Track Part One: Law Firms Are Profitable. Is your firm? Let’s set the stage with a very positive image: Law firm businesses are very profitable businesses. According to an IBISWorld article in 2022, law firms ranked in the Top 10 most profitable industries, seeing a 1.5% […]
This month we are digging into the importance of trust accounting. Stay tuned next month for a feature on how CPN Legal has assisted clients through trust account audits, and how we can help you stay ahead of an audit. INTRODUCTION TO TRUST ACCOUNTING When our firms talk about ethics, too often they focus on […]
This month we are closing out our summer series to help you better understand your firm’s profitability. In case you missed the earlier parts, you can find them here: Part I: Chart of Accounts Part II: Your Reports Part III: Cash Flow For the last part in our series, we will talk through some best practices […]
