Industry

Law / Legal Firm

Built for the way law firms really work.

Enterprise accounting for law firms: matter-based accounting, trust and client funds, WIP, fee earner profitability, and compliance by design.

Key value proposition

Total control of law firm finances: From partners’ capital and drawings to client funds and disbursements, every transaction is captured correctly the first time.
Single source of truth: One integrated platform for matters, time, billing, trust, and general ledger—no more spreadsheets and disconnected systems.
Compliance by design: Built-in rules, approvals, and audit trails that align with legal and regulatory requirements for client money, taxation, and reporting.
Actionable insight, not just reports: Real-time dashboards that show profitability by client, matter, practice area, office, and fee earner.

Matter-centric accounting: Every financial transaction is linked to a matter—time entries, expenses, disbursements, deposits, and invoices. You see the full financial story of each file in one place.
Advanced time and expense management: Fee earners can capture billable and non-billable time from desktop, web, or mobile, with timers and templates that match common legal tasks.
Flexible fee and billing structures: Whether your firm bills hourly, on contingency, fixed fee, retainer, or a hybrid model, the system supports it.
Trust and client account management: Manage client funds and retainers with full segregation and automatic three-way reconciliation.
Disbursement and cost recovery: Track all matter-related costs and ensure they are captured, approved, and billed on schedule.

Full general ledger with multi-entity, multi-currency support and chart of accounts tailored to law firms.
Accounts receivable and collections with automated reminders, aging analysis, and payment gateway integration.
Accounts payable and vendor management for suppliers, chambers expenses, and recurring contracts.
Cash management and bank reconciliation for operating, trust, and foreign currency accounts.
Fixed asset management with depreciation schedules and GL integration.

Partner and fee earner profitability by individual, team, practice group, or office.
Client and matter profitability: WIP, realization, and collection rates over the life of a matter.
Operational dashboards: billable utilization, WIP by age, AR aging, trust balances, matter pipeline, forecasted cash flow.
Regulatory and statutory reporting: financial statements, tax reports, trust account reports, and audit packs with a few clicks.

Role-based access control with segregation of duties between billing, payments, and approvals.
Configurable approval workflows for invoices, credit notes, write-offs, refunds, and trust fund movements.
Immutable audit trails recording who did what, when, and from where.
Policy enforcement for trust reconciliation, billing rules, and expense limits.

Shorter WIP-to-cash cycles and improved cash flow.
Higher realization rates through better time capture, pricing, and control of write-offs.
Stronger trust account compliance and reduced regulatory risk.
Clearer visibility into which clients, matters, and practice areas drive true profitability.
Reduced administrative overhead and manual reconciliation.

Talk to us about your requirements and we’ll show you how ThinkLedger fits your industry.