Running a law firm requires more than legal expertise. Behind every successful practice is a mountain of administrative, financial, and compliance tasks that demand time, attention, and resources. At Anchor Point, we specialize in helping small and midsize law firms offload these burdens, enabling attorneys to focus on practicing law, serving clients, and growing their firm.
Mismanaging client trust accounts isn't just an operational headache — it can lead to disbarment. State bars, including Missouri and Kansas, require strict compliance with trust accounting rules, including monthly three-way reconciliations and detailed transaction records.
How We Help:
Anchor Point ensures that your IOLTA trust accounts are fully compliant, reconciled monthly, and audit-ready. We work with platforms like Clio Manage and QuickBooks Online to maintain airtight records and reduce risk.
Law firms are expected to follow stringent financial procedures and ethical standards. These include segregating client funds, maintaining accurate billing records, and retaining financial documentation for regulatory review.
How We Help:
We implement best practices for financial compliance, create audit trails, and stay up to date on changes in bar regulations. Our systems are built to pass scrutiny and give peace of mind.
Even small firms struggle with managing payroll taxes, employee onboarding, benefit tracking, and labor law compliance. Getting these wrong can expose your firm to penalties and employee disputes.
How We Help:
We streamline your payroll and HR functions using integrated tools like QuickBooks Payroll. From W-2s to PTO tracking, we handle the details so your team gets paid correctly and on time.
Law firms often have complex billing structures—hourly, flat fees, retainers—and managing these alongside operating and trust accounts can muddy your books.
How We Help:
We provide clean, accurate, and timely financial reports tailored to the legal industry. We reconcile your books monthly and give you insights into your profitability. Monthly financial packages are tailored to your firm to meet your needs.
Attorneys didn’t go to law school to manage spreadsheets, invoices, or HR issues. Yet too often, those responsibilities eat into valuable billable time.
How We Help:
Anchor Point becomes your back-office partner. We handle operations so you can focus on what matters — your clients, cases, and courtroom success.
Many law firms juggle disconnected tools for billing, document management, and accounting, leading to errors and wasted time.
Our Solution:
We help unify your tech stack using Clio, QuickBooks Online, and other integrated solutions. You'll gain real-time visibility into your firm’s financial health, automate routine tasks, and improve efficiency.
With fluctuating case timelines and delayed client payments, many firms struggle to predict cash flow and plan for growth.
Our Solution:
We create cash flow projections, set up billing best practices, and help you manage retainers and collections proactively.
Most attorneys don’t have time for budgeting, forecasting, or long-term financial planning—but without it, growth stalls.
Our Solution:
We act as your strategic financial partner, helping you set targets, track KPIs, and make informed decisions about hiring, expansion, or new practice areas.
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.