Scott M. Aber CPA is experienced in providing accounting, bookkeeping and tax services to law firms and sole proprietors in the New York City & Rockland County, NY area. Bookkeeping plays a central role in staying compliant with tax rules, anti–money laundering requirements, and trust accounting regulations. Organized records reduce the risk of penalties, support ethical practice, and strengthen credibility with clients and oversight bodies. With transaction histories, invoices, and receipts readily available, firms can respond quickly to audit requests and demonstrate full compliance.
Here’s why New York City business owners like you trust Bench with their bookkeeping
Determined to put his legal skills to use for the public good, and with nearly two years of litigation experience under his belt, David left private practice for a job with Everytown for Gun Safety. While at Everytown, David worked both as a litigator and as policy counsel, helping to draft and promote legislation designed to reduce gun violence. Orrick recruited more than 30 lawyers in multiple offices, while Proskauer recruited a team of four Charlotte-based finance partners. The departures will further solidify Cadwalader’s focus on complex finance work on the eve of the Hogan Lovells merger. The tie up, which the firms’ leaders say will be Big Law’s largest-ever combination, is intended to boost Cadwalader’s competitive profile after a difficult stretch that saw more than 30 partners decamp for rival firms last year.
Accounting for NY law firms, made simple
- Close monitoring of receivables leads to faster payments and reduces pressure on daily operations.
- If possible, see what your competitor’s books indicate (these can usually be found through town hall, ironically) and see where your business stand in comparison.
- Cadwalader and Hogan hope to approve the merger through partnership votes and finalize the tie-up by the end of the year, the firm leaders said in December.
- The exits continue the poaching Cadwalader endured from Orrick and Proskauer in the months leading up to its merger announcement.
- Whether your business is located in a bustling city or a quiet suburb, we have a team of experts ready to help and support you with any of the local details and tax laws you should know about, wherever your business is located.
Nay wouldn’t say how many clients Norm Law has, but said the law firm was built after having conversations with Norm Ai users who are trying to use AI more effectively. Those conversations “gave us a lot of confidence about the opportunity here on the AI-native law firm side of things,” he said. Get your bookkeeping, income tax prep, and filing done by experts—backed https://www.yuks.co/law/the-primary-aspects-of-bookkeeping-for-law-firms/ by one powerful platform.From startups to agencies, Bench works with New York City small businesses. Learn how to build, read, and use financial statements for your business so you can make more informed decisions. The magic happens when our intuitive software and real, human support come together.
Helping Clients Stay Focused on What Counts for Over 45 Years
Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. Norm Law LLP, which launched in November, says it offers “AI-native legal services” where AI agents developed by attorneys complete initial drafts of work, and lawyers supervise and review the outputs. The firm targets clients in financial services The Primary Aspects of Bookkeeping for Law Firms and is being built in collaboration with Blackstone Inc.’s in-house legal team. Blackstone in November invested $50 million in Norm Ai, an affiliated company that makes AI agents.
- At Sidley, “there’s just a breadth of practice areas that tie into …
- With recent tax legislation and consistent economic shifts, proper planning is imperative to enable business success.
- Bookkeeping plays a central role in staying compliant with tax rules, anti–money laundering requirements, and trust accounting regulations.
- Outsourcing bookkeeping gives firms a practical way to stay accurate and compliant without burdening internal teams.
- Schmidtberger will represent clients while he grows and manages the new firm.
- Tailoring our communication style, strategies and insights to your business, culture and values.
Financial Controller
Know the actual value of your business via asset value or liquidation analysis.
- “I walked through the doors at Norm Ai and confronted the future and completely changed my mindset about what I was going to do with my post-Sidley time,” Schmidtberger said in an interview with Bloomberg Law.
- This group is led by Mike Poulos, who most recently served as partner in charge of global strategy and a member of the executive committee at a leading law firm.
- We are here to help you streamline your accounting needs efficiently and effectively.
- Mike Schmidtberger, Sidley’s executive committee chair from 2018 to 2025, has joined Norm Law LLP as chairman, partner, and head of the investment funds and regulatory practice.
- Get insights from one central dashboard so you can easily understand the health of your business and make strategic decisions.
- Attorneys struggle to find true experts in law firm finance, which leaves them with inaccurate books and no clear financial plan for the future.