Our Expertise
We specialize in personal injury law firm accounting - built from practical experience in check writing, settlement disbursement, trust accounting, and monthly three-way reconciliation.
Our expertise comes from practical experience in check writing, settlement disbursement, trust accounting, and monthly three-way reconciliation. Because check writing sits very close to settlement funds, client payouts, medical provider payments, referring attorney payments, IOLTA activity, and operating books, it gave us a deeper understanding of how personal injury law firms actually work.
We understand that PI accounting is not ordinary bookkeeping. It has its own language, systems, exceptions, and practical complexities.
We are familiar with the jargon, processes, and systems used by personal injury law firms.
MedPay & MedPay Reimbursement
We understand how MedPay works and how MedPay reimbursement is handled. We also understand that MedPay reimbursement may not be considered as part of the total settlement realized for fee calculation purposes, depending on the firm's policy and applicable treatment.
Fee-Sharing Arrangements
We understand how fee-sharing arrangements work, including referral-fee related accounting impact and rules such as Rule 1.5.1 in California. We also understand how tier-based fee structures work and how they affect attorney fee calculations.
Fee Transfer Timing Differences
We understand that, in some firms, attorney fees may be transferred from settlement funds before final reductions are complete. We know how such timing differences need to be tracked and adjusted later.
Reduction Process
We understand how the reduction process works and how reductions affect the final payout to the client and other parties.
Client Indemnity & Loan Reimbursement
We understand how client indemnity works and how it may affect settlement accounting and documentation. We also understand how client loan reimbursement works and how it needs to be considered while preparing settlement disbursement and trust accounting records.
Multi-IOLTA Account Management
We understand how to handle situations where a firm manages more than one IOLTA account, and how to resolve complexities that arise when deposits and checks are spread across different trust accounts.
Bank Positive Pay System
We understand how the bank Positive Pay system works, and we have experience preparing bank reporting for Positive Pay as part of the check writing process.
Direct Insurance Company Checks
We also understand situations where checks are sent directly to providers by the insurance company, but those payments still need to be considered for the law firm's fee calculation and settlement accounting.
Why This Matters
In personal injury law firm accounting, every item is connected.
A settlement receipt may affect the client ledger. A medical provider check may affect the final payout. A referral fee may affect the attorney fee calculation. A reduction may change the amount payable. A MedPay reimbursement may need a different treatment. A check issued from the wrong IOLTA account may create reconciliation complexity.
Because we have worked closely on check writing and trust accounting, we understand these connections practically.
Our role is to help personal injury law firms keep their check writing, trust accounting, three-way reconciliation, Bar reporting documentation, and operating bookkeeping clean, connected, and review-ready.