Law Firm Accounting and Financial Management

Front Cover
Law Journal Press, 2001 - Law - 500 pages
2 Reviews
Accounting experience not required! Whether you are a partner, an executive director, or a law firm CFO, the new Fifth Edition of Law Firm Accounting and Financial Management helps you manage your law firm effectively. Featuring lucid explanations and illustrative exhibits, the new edition -- the most comprehensive and detailed version to date -- discusses the latest management, tax planning and accounting strategies for law firms; new information reporting requirements; and special issues affecting multinational firms. Topics covered include: fundamentals of law firm financial information, with easy-to-understand examples of the data involved; financial management concepts, such as profitability analysis, profit center accounting, budgeting, long range planning, project management and organizing the finance function within the law firm environment; tax planning and reporting, with discussion of compliance, retirement and pension plans; law firm structures, with discussion of the use of umbrella structures by multinational law firms and the issues raised by cross-border practices; and advanced accounting and financial considerations for law firm management. Advanced topics include: managing risk; pricing strategies, management information reporting; benchmarking; property acquisition; M&A accounting and strategies for successful mergers; capital structures and financing; the uniform task-based management system; and partner compensation.
 

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Contents

Preface
xxxix
CHAPTER
xlv
CHAPTER 12
3-12
Revenue and Expenses
4-1
Accounting Controls
7-1
An Overview 243
8-1
FINANCIAL MANAGEMENT CONCEPTS
9-1
CHAPTER 2
10-2
CHAPTER 8
21-8
CHAPTER 22
22-1
2 Alternative Scenarios 2215
22-15
CHAPTER 23
23-1
CHAPTER 21
23-21
Risk Management
23-50
CHAPTER 6
24-1
Partners Accounts
24-25

CHAPTER 11
11-1
LongRange Planning
12-1
CHAPTER 13
13-1
CHAPTER 14
14-1
CHAPTER 15
15-1
CHAPTER 16
16-1
CHAPTER 17
17-4
CHAPTER 5
17-5
CHAPTER 18
18-1
Law Firm Structures
19-1
Assets and Liabilities
19-9
Capital Structure and Financing
25-1
CHAPTER 26
26-1
CHAPTER 27
27-1
3 Advantages of a Management Inquiry
28-1
CHAPTER 29
29-1
List of Illustrations
L-1
Business Concepts
L-2
1 Brief Description of the Law Firms
1-1
CHAPTER 10
1-10
Profit Center Accounting
1-21
Copyright

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About the author (2001)

John P. Quinn is a CPA and a retired partner of PricewaterhouseCoopers LLP.

Joseph A. Bailey, Jr. is a retired partner of PricewaterhouseCoopers LLP. He coordinated technical tax matters for PricewaterhouseCoopers LLP's clients in New York and throughout the world. Mr. Bailey is a CPA, a member of the American Institute of Certified Public Accountants and the New York State Society of CPA, and has an MS taxation.

David Gaulin is a CPA and MBA, and the lead Accounting and Business Advisory Services partner of PricewaterhouseCoopers LLP s Law Firm Accounting Service Practice.

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