Chamber CPAs & Advisors provides accounting, tax, and advisory services tailored to law firms. We manage IOLTA reconciliation, partner compensation, bookkeeping, tax compliance, and proactive planning so you can focus on practicing law. Our team helps firm owners improve profitability, strengthen financial reporting.
If any of these sound familiar, we should talk
· Your
IOLTA reconciliation is one State Bar audit away from becoming a problem.
· Your
partner compensation structure was set years ago and hasn’t been revisited.
· You
consistently write six-figure tax payments each April without clear visibility
into why.
· Your
monthly financials don’t clearly show whether the firm is actually profitable.
· You
are considering adding or exiting a partner, but no one has modeled the impact.
What we do for law firms
· Trust
Accounting & IOLTA Reconciliation: State Bar–compliant and audit-ready.
· Operating
Accounting for Legal Practices: Chart of accounts designed for
firms—by matter, practice area, and partner where needed.
· Partner
Compensation Planning: S-corp salary calibration,
distribution strategy, and K-1 modeling.
· Tax
Strategy & CFO Advisory: Proactive planning aligned to
estimated payments and firm performance.
· Practice-Level
KPIs Reporting: Realization, utilization,
collections, and AR aging—metrics that drive decisions.
· Partner
Transitions: Buy-in and buy-out modeling for
structured ownership changes.
· Compliance
& Regulatory Filings: Entity, payroll, and ongoing state
compliance requirements.
· IRS
& State Notice Support: Representation and resolution when
correspondence arrives.
· Real
Estate Entity Structuring: For firms that own their office
property, including rent structure and depreciation strategy.
· Practice
Management System Support: Setup and integration of platforms
such as Clio, MyCase, PracticePanther, Smokeball, CosmoLex, Filevine, and
others.
Why law firms pick Chamber CPAs
Most
CPAs treat your firm like any other small business. It isn't. Trust accounting
has rules that a generalist can break by accident. Partner economics need a CPA
who understands what a drawing is and isn't. And the real-estate piece — the
partner who owns the building and rents it back to the firm — is where most
generalists either miss savings or create audit risk.
What you'll pay
Flat
monthly fee, set after the diagnostic. Most solo and small law firms land
between $750 and $2,500 a month for everything — bookkeeping, tax planning,
year-end filings, and the calls in between. No surprise invoices for a
question.
Process
Free
Discovery Call: A high-level discussion to
understand your portfolio, income structure, and planning priorities.
Free
Diagnostic: We review last two years of your tax
returns and current books, then provide a written assessment outlining what may
be costing you, planning opportunities, and recommended changes.
Onboarding: If
we proceed, we transition your accounting system, organize your books, and
bring financial records current by the following month-end.
We handle it monthly. A full three-way reconciliation is performed across the bank statement, trust bookkeeping ledger, and client matter ledger. You receive an audit-ready reconciliation report, along with supporting documentation, suitable for direct review by a State Bar examiner if requested.
Yes — Clio, MyCase, PracticePanther, LeanLaw, Tabs3. We map them into the bookkeeping cleanly, so you don't have to re-enter anything.
No. About a third of our law-firm clients are solo. The smaller the firm, the more the right S-corp setup matters.