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Handling client trust accounts demands strict adherence to ethical guidelines and best practices. It is crucial to never commingle trust funds with the law firm’s operating […]

If accounting for lawyers seems intimidating, a robust knowledge of the basics can help every practice avoid common mistakes. Familiarize yourself with the generally accepted accounting […]

This proactive approach helps in managing client expectations and ensuring the project stays on budget. The contract should clearly define the scope of work, payment terms, […]

The purpose of retainage is to ensure that owners have some assurance that contractors complete the entire job rather than abandoning work after progress payments are […]