LawAccounting

What Is LawAccounting?

LawAccounting is a cloud-based legal accounting system built on Salesforce. Its main focus is keeping a firm’s financial work connected to the matters those records relate to. This gives teams a way to follow money from a client matter through billing, collections, and trust activity.

The system is built around accounting requirements for legal practices. It tracks trust funds by matter and records transfers between trust and operating accounts. These records feed into three-way reconciliation, which compares trust balances with bank records and client ledgers to verify the amounts held for each matter. Firms can also use different billing arrangements and review financial activity through built-in reports.

Since the accounting records and matter information are held in Salesforce, firms can work with both without having to join data from another accounting application. This can be useful for practices that want the financial side of each matter to remain connected from the start of billing through financial reporting.

What Is LawAccounting Best For?

LawAccounting’s three-way trust reconciliation checks the trust bank balance against the firm’s accounting records and the balance held for each client or matter. It compares these three records to identify differences in the amounts recorded. Regular reconciliation gives firms a way to review trust balances and identify errors before they affect client funds or trust account reporting.

How Much Does LawAccounting Cost?

LawAccounting price starts at $100/user/month for the LawAccounting Complete plan. It also offers Advanced Firm Add-Ons with custom prices. Additional costs that may influence the final price includes:

• Advanced Workflow Configuration: Estimated $1,000–$5,000+ depending on the firm's workflows
• Implementation/Setup: Estimated $2,000–$10,000+ for configuration, accounting setup, training, integrations
• Analytical Cloud: $75/admin/month
• Client And Partner Portals: $5/community user/month
• eSignature: Estimated $20–$100+/month, depending on document/signature volume
• AI Usage: Estimated $20–$200+/month for typical usage, although costs can vary significantly
• Premium Support: Estimated $100–$500+/month depending on the support package

Disclaimer: The pricing is subject to change.

LawAccounting Integrations

The software supports payment processor integrations and AI connections with the following systems:

• OpenAI software
• Azure OpenAI
• Claude Anthropic
• Google Gemini

How Does LawAccounting Work?

LawAccounting can be used to handle a firm’s financial work from initial setup through trust reconciliation:

• Log in with your assigned credentials and open the firm’s accounting workspace
• Set up the firm’s accounts and matter structure so transactions go to the right records
• Record daily financial transactions within the accounting system
• Track client funds, payments, expenses, and other activity against the relevant matters
• Reconcile trust accounts by checking the bank balance against the accounting records and client or matter balances
• Review accounting and trust reports to check balances, find differences, and monitor the firm’s finances

Who Is LawAccounting For?

The best-fit industries/practice areas and professional users of LawAccounting are:

• Law firm accountants/accounting staff
• Billing staff
• Firm administrators
• Law firm partners
• Attorneys who need matter-level financial or trust information

LawAccounting Use Cases

Based on LawAccounting's documented accounting capabilities and practice area solutions, here are the firm scenarios where the software fits most directly.

1. Personal Injury Firms Managing Matter Costs And Contingency Billing Across Active Cases

Personal injury practices need to track case costs and settlement funds throughout the matter. Contingency fees and trust account activity are also part of the financial record. LawAccounting links this activity to individual matters. For PI firms managing settlements with ongoing expenses and client funds, this keeps each case’s financial record together and shows what has been received, what is still owed, and what remains to be disbursed.

2. Law Firms Running LEDES E-Billing For Insurance Defense Or Corporate Clients

Insurance carriers and corporate clients have to set their own rules for legal invoices, and LEDES is commonly used for electronic billing. LawAccounting supports LEDES 1998B and XML formats within its billing process. Firms can prepare invoices according to these requirements while keeping the billing record tied to the matter. This fits practices that regularly bill insurers or corporate clients.

3. Growing Law Firms That Have Outgrown A Separate Legal Accounting Or Case Management System

LawAccounting suit firms that have started to outgrow the use of one system for accounting and another for legal matters and billing. As the number of cases and financial activity increases, keeping the records in sync can take more effort. LawAccounting keeps the firm’s accounting and matter finances together, so there is less need to move information between different applications and compare the records afterward.

4. Firms Managing IOLTA And Client Trust Accounts Across Active Matters

LawAccounting keeps track of client funds at both the firm and matter level. Its trust accounting records the money held for clients and follows how those funds move during a case. The three-way trust reconciliation compares the trust bank balance with the firm’s accounting records and the balances assigned to each client or matter. This gives firms a way to catch errors before trust accounting and reporting are completed.

5. Firms Needing Matter-Level Financial Visibility For Billing and Receivables

Firm-wide accounts can show the overall financial position without showing what is happening within an individual matter. LawAccounting ties financial activity to each matter, so billed amounts, unpaid receivables, and case costs can be reviewed against the specific case. This matter-level view helps firms follow outstanding amounts and case spending while seeing how each matter affects overall finances.

Is LawAccounting Right For You?

LawAccounting is SOC 2 Type II certified with its security controls independently audited for security, availability, and confidentiality. The software uses encryption, access controls, and monitoring to safeguard financial information. These controls are important for firms that manage client funds and trust-accounting records.

LawAccounting runs on Salesforce, which provides the underlying infrastructure for access controls, audit records, and scaling as usage grows. The software also supports custom integrations and data migration. This can be a consideration for firms moving financial records into LawAccounting or connecting it with other applications. The amount of work involved will depend on the firm’s current systems and the volume of data being transferred.

LawAccounting is designed for legal accounting rather than general bookkeeping. Financial records can be linked to individual clients and matters, keeping client funds distinct from firm funds while tracking transactions by matter. This setup works for practices where matter-based billing and client balances are part of regular accounting. Firms with basic bookkeeping needs may not need legal-specific LawAccounting software.

Still doubtful if LawAccounting is the right fit for you? Get in touch at (661) 384-7070, and we will help you make an informed decision.