Billable hours are up.
Partner distributions aren’t.
Law firms lose hundreds of thousands annually to poor realization rates, slow collections, and outdated compensation models. We install a financial operating system that maximizes partner value.
Free diagnostic for law firms doing $1M–$20M in revenue.
Revenue keeps climbing.
So why are distributions shrinking?
Your timekeepers are busy. Hours are logged. But the gap between billed and collected is where profit disappears. Realization rates are declining. WIP ages on the books. Collections stretch to 90+ days. Partner compensation doesn’t align with individual contribution. And your back office is too buried in compliance to give you the financial intelligence you need to actually run the firm. That’s not a billing problem — it’s the same visibility problem we fix in every service business.
We diagnose in order. COGS, S&M, then G&A.
60% gross margin. 15% business development. 15% overhead. That leaves 30% operating profit. Here’s how we get your law firm there.
Associate & Paralegal Cost Management
In a law firm, COGS is associate salaries, paralegal costs, and contract labor. But before we touch margin, we reconcile realization. Your billed hours must translate to collected cash — or every downstream number is wrong.
Know your cost to acquire — by practice area.
Target: 15% of revenue on business development. Most law firms don’t track BD spend by practice group or referral source. We break down client acquisition cost by channel, matter type, and originating attorney — so you stop investing in practice areas that don’t pay back.
Partner compensation & overhead that survives scrutiny.
Target: 15% of revenue on G&A. Law firm overhead is typically office space, support staff, and a growing tech stack nobody audits. We model partner compensation under multiple structures — so you align distributions with contribution and keep the firm economically sound.
Trust accounting & entity structure.
Your entity structure determines your tax ceiling. We handle the complexity of trust accounting, IOLTA compliance, and partner taxation — turning improved firm economics into real after‑tax wealth through entity optimization and strategic tax planning.
Don’t just take our word for it.
“We grew from zero to $300K MRR with Arron’s leadership.”
“A team we can rely on, with rapid-fire responses and consistent support.”
“He brings creative ideas and valuable insights that have transformed our business.”
“Strategic finance helped us scale, exit, and reinvest with confidence.”
“Bennett Financials gave us the financial clarity we needed to grow.”
“A complete tax transformation that changed how we run our business.”
“Saved $185K+ in taxes while scaling global operations.”
“Eliminated $402K in tax liability — and got a refund.”
From first call to deployed system.
30-Minute Assessment Call
We discuss your current state, your goals, and whether we’re the right fit. No pitch deck — just an honest conversation.
Scale-Ready Assessment
We stress-test your books, realization rates, cash position, tax strategy, and operational dependency. You get a Scale-Ready Report with green/yellow/red scoring and the top blockers prioritized.
System Installation
Full financial operating system: clean books, reconciled realization, deployed tax strategy, live dashboard, and monthly CFO cadence. Typical deployment: 90 days.
The system works. Here’s what it looks like.
Time to full financial system deployment.
Tax liability eliminated through entity restructuring and strategic planning.
Revenue under management.
Three signals your law firm has a profitability problem.
If any of these hit home, the 60/15/15 diagnostic will show you exactly where the leak is and how to fix it.
Billable hours are up but realization rates keep declining and nobody can explain the gap.
Your timekeepers logged 15% more hours. But collected revenue only grew 4%. The difference is sitting in WIP aging, write-offs, and discounts nobody tracks. You’re billing more and keeping less.
Partner compensation feels arbitrary — and nobody wants to have the conversation.
Top quartile partners earn 3.7x what bottom quartile takes home. The spread should be 2.5x. Without data-driven compensation modeling, distributions are based on politics, not contribution. It’s eroding trust and driving talent out the door.
Collections are stretching past 90 days and WIP keeps growing on the books.
Your DSO is 68 days and climbing. $400K+ in WIP is over 90 days old. Nobody has a system for tracking collection velocity by client, matter type, or attorney — just a gut feeling that things are slowing down.
Free for law firms doing $1M–$20M in revenue.
Common questions.
Everything you need to know about how we work with law firms and what makes our approach different.
Stop leaving partner value on the table.
The Scale-Ready Assessment shows you exactly where your firm stands — realization gaps, collection velocity, compensation alignment, and a clear picture of what to fix first.
Book Your Scale-Ready AssessmentFree for law firms doing $1M–$20M in revenue.