The core function of accounting is to help any business determine its profitability. Law firms and lawyers’ practice is also a type of business. For law firms, accounting involves several complications due to the involvement of special management funds such as trust funds and various sets of compliances.
Employing law firm accounting services can reduce such complications and will make the process easy. Unfortunately, some conventional thinkers underestimate the importance of doing these complicated tasks with care and professionalism. Assuming that outsourcing law firm bookkeeping would be costly, they fear giving control into others' hands. However, these are nothing less than misconceptions.