Accounting for Lawyers and Law Firms

Support designed for legal professionals who value accuracy, structure, technology, and long-term financial strategy.

Whether you are an independent lawyer, part of a partnership, or managing a growing practice, Rotaru CPA provides accounting and advisory services tailored to the unique financial and regulatory needs of the legal industry.

We Understand the Legal Practice Model

Law firms face a combination of regulated workflows, high documentation standards, and complex financial structures. From trust accounting and retainers to partner compensation and multi-entity operations, legal accounting requires precision and proper configuration.

We work with:

• Solo practitioners
• Professional corporations
• Multi-partner firms
• Virtual and hybrid law practices
• Firms operating across multiple jurisdictions

Our goal is to support your financial framework so you can focus on delivering exceptional legal counsel.

Key Challenges and Questions We Help Solve

• How do I decide between operating as a sole practitioner or forming a Professional Corporation
• What is the best approach to structuring partner compensation
• How do I manage trust accounting and ensure compliance
• Which expenses qualify and how should they be documented
• How do I minimise tax while planning for growth and retirement

We provide clear, practical guidance designed specifically for legal operations.

How We Support Legal Professionals

Entity and Compensation Strategy

We help determine the right structure for your practice and create an income approach that aligns with tax efficiency, lifestyle planning, and long-term growth.

Trust Accounting and Compliance Guidance

We support proper financial controls, trust ledger setup, and documentation so compliance becomes manageable rather than overwhelming.

Cloud Bookkeeping and Practice Integration

We use secure cloud tools to track revenue, expenses, retainers, legal software fees, and vendor payments, creating a reliable and organised financial environment.

Tax Planning and Annual Filings

We optimise both personal and corporate tax outcomes, manage annual filings, and provide proactive planning throughout the year.

CRA Support and Risk Reduction

We maintain clean, well-documented records and support you in the event of a CRA review or request for clarification.

A Modern, Cloud-Based Experience

With secure digital tools, encrypted document sharing, and automated workflows, you can access your financial information at any time. This approach reduces manual administration and ensures your practice runs efficiently.

Our Process

1. Initial Consultation
   
   We learn about your practice structure, priorities, and financial stage.
   
2. Assessment and Strategy
   
   We review your current systems and outline a clear plan tailored to your needs.
   
3. Setup and Implementation
   
   We configure your accounting systems and establish a reliable workflow.
   
4. Ongoing Support
   
   You receive ongoing advisory support, timely responses, and dependable reporting.
   

Why Rotaru CPA is the Right Fit for Your Firm

We are a strong fit if you:

• Want structure and clarity in your financial operations
• Prefer proactive tax planning rather than reactive filing
• Value modern systems that reduce administrative burden
• Seek a long-term accounting partner, not a one-time service

Next Step

Connect with us to learn how we support lawyers and law firms with specialised accounting, tax planning, and advisory services.