Services
Services
Law Firm Velocity offers a full suite of services designed to get a grip on your financials, increase profit margins, monitor your progress, and forecast your future needs.
Law Firm Bookkeeping →
CFO Services →
IOLTA Trust Accounting →
Case Management Systems
Case Management Systems
Law Firm Velocity is a Certified Partner and Consultant of today's leading law firm case management software.
Clio →
MyCase →
Actionstep →
Caret →
CASEpeer →
CloudLex →
Cosmolex →
Filevine →
Litify →
PracticePanther →
SmartAdvocate →
Smokeball →
Actionstep Legal
Accounting →
QuickBooks →
About
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Insights
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Insights for Law Firms
by
Paul W Carlson, CPA
Legal Fee Financing for Law Firms: 15 Lenders and What They Cost
by
Paul W Carlson, CPA
Law Firm Strategic Planning: The One Page Plan That Gets Used
by
Paul W Carlson, CPA
Law Firm Accounts Receivable: How to Collect What You Earn
by
Paul W Carlson, CPA
Law Firm Matter Profitability: How to Calculate Profit by Matter, Client, Attorney, and Practice Area
by
Paul W Carlson, CPA
Law Firm Marketing Budget: Benchmarks by Practice Area
by
Paul W Carlson, CPA
Buying a Law Firm: Due Diligence and Deal Structure
by
Paul W Carlson, CPA
Law Firm Budget: How to Build One That Drives Margin
by
Paul W Carlson, CPA
How to Pay International Contractors: A Guide for Law Firms
by
Paul W Carlson, CPA
Law Firm Insurance: Coverage and Limits by Firm Size
by
Paul W Carlson, CPA
Law Firm Business Plan: What to Include and What to Skip
by
Paul W Carlson, CPA
How to Increase Law Firm Profitability: 12 Levers That Work
by
Paul W Carlson, CPA
Law Firm Profitability: Measure, Benchmark, Manage
by
Paul W Carlson, CPA
Legal Bookkeeping: Why Your Books Should Run Your Management Meeting
by
Paul W Carlson, CPA
Mass Tort (MDL) Time and Expense Tracking Requirements
by
Paul W Carlson, CPA
Quality of Earnings Reports for Law Firms: What CEOs Need to Know Before a PE Conversation
by
Paul W Carlson, CPA
Mass Tort Financing Explained: Costs, Lenders, Cash Flow
by
Paul W Carlson, CPA
Law Firm Financing: A Plain-English Guide to Every Type
by
Paul W Carlson, CPA
Law Firm Back Office Outsourcing Services
Law Firm Operations
by
Paul W Carlson, CPA
Exempt vs Non-Exempt Employees in a Law Firm: A Plain-English Guide for Owners
Exempt vs Non-Exempt Employees in a Law Firm: A Plain-English Guide for Owners
Law Firm Profitability
by
Paul W Carlson, CPA
A CFO's Guide on Law Firm Growth & Profitability
Law Firm Profitability
by
Paul W Carlson, CPA
A Guide to Maximizing Your Law Firm's Profit Margin
Most law firms leave profit on the table without realizing it.
Law Firm Cash Flow
by
Paul W Carlson, CPA
Mastering Law Firm Cash Flow: A Guide for Attorneys
Most law firms don't have a revenue problem, they have a timing problem.
Law Firm Profitability
by
Paul W Carlson, CPA
Law Firm Profitability Consultants
Lawfirm profitability consultants help firms grow margins by rebuilding financia lstatements, tracking the right metrics, and shifting costs to more productive buckets.
by
Paul W Carlson, CPA
Law Firm Accounting: A CFO's Practical Guide for Firm Owners
A practical guide to building reliable, compliant, and insight-driven accounting systems for modern law firms.
by
Paul W Carlson, CPA
Choosing the Best Law Firm Accounting Software
Law Firm Operations
by
Paul W Carlson, CPA
Fixing Realization Rate Upstream in Law Firm Billing
Understand why realization rate is where law firms lose earned revenue, and how to fix it before invoices are cut.
IOLTA
by
Paul W Carlson, CPA
IOLTA Account vs Escrow Account: What's Right for Your Firm?
The management of client funds carries both ethical weight and enforceable legal requirements.
by
Paul W Carlson, CPA
How Can Businesses Use Technology to Navigate Financial Uncertainty?
by
Paul W Carlson, CPA
8 Types of Financial Statements Every Business Should Know About
by
Paul W Carlson, CPA
The Importance of Accurate and Timely Financial Statements for Businesses
by
Paul W Carlson, CPA
Law Firm KPIs: The Complete Guide (Formulas + Benchmarks)
Law Firm Operations
by
Paul W Carlson, CPA
IRS Capitalization of Advanced Client Costs for Law Firms
Review best practices in applying advanced client costs and keeping an accurate firm balance sheet.
by
Paul W Carlson, CPA
Optimize Your Law Firm’s Finances with MyCase Payments
Managing client payments efficiently is crucial for any law firm. MyCase Payments offers a seamless way to track time, send invoices, and collect fees—all contained within the practice management platform.
by
Paul W Carlson, CPA
Law Firm Financial Dashboards: Turning Data into Decisions
A financial dashboard turns complex performance data into clear, actionable insights that help firms run more efficiently and profitably.
by
Gusto Payroll Process Using Time Tracking for Hourly Employees
Gusto Payroll Process Using Time Tracking for Hourly Employees
by
Paul W Carlson, CPA
Legal Time Tracking Software: Core Features & Best Options
Time tracking software helps law firms capture billable hours accurately while streamlining billing and performance analysis.
by
Paul W Carlson, CPA
Billing Rate Setup in MyCase - Part of our MyCase Hourly Firm Guide
Billing Rate Setup in MyCase - Part of our MyCase Hourly Firm Guide
by
Paul W Carlson, CPA
Top Legal Lead Generation Strategies for Attorneys
by
Paul W Carlson, CPA
Law Firm Financial Reports: The Monthly Package Every Owner Should Review
by
Paul W Carlson, CPA
Managing Advanced Client Costs: Best Practices for Law Firms
Unlock faster settlements with secure cost management
by
Paul W Carlson, CPA
Client Invoices for Contingency Matter Fees - Soluno
Client Invoices for Contingency Matter Fees - Soluno
by
Paul W Carlson, CPA
Activity Codes in Soluno
Activity Codes in Soluno
by
Paul W Carlson, CPA
Batch Check Print - Soluno
Batch Check Print - Soluno
by
Paul W Carlson, CPA
Legal Matter Management Software: Your Operational Backbone
A smarter way to manage matters helps law firms stay organized, profitable, and client focused.
by
Paul W Carlson, CPA
Single Matter Trust Ledger Report in Soluno
Single Matter Trust Ledger Report in Soluno
by
Paul W Carlson, CPA
Trust Receipts in Soluno
Trust Receipts in Soluno
by
Paul W Carlson, CPA
Adding Contacts in Soluno
Adding Contacts in Soluno
by
Paul W Carlson, CPA
Create and Edit Budgets in QuickBooks Online
Create and Edit Budgets in QuickBooks Online
by
Paul W Carlson, CPA
Attorney Referral Agreement: What It Is & Why It Matters
A practical guide to attorney referral agreements, from fee rules to ethical compliance and tracking.
by
Paul W Carlson, CPA
Print IOLTA Checks From QuickBooks Desktop Hosted Right Networks
Print IOLTA Checks From QuickBooks Desktop Hosted Right Networks
by
Paul W Carlson, CPA
Payroll for Law Firms: Complexities & Best Practices
by
Paul W Carlson, CPA
Best Software for Immigration Law Practice Management
Streamline your immigration practice, reduce errors, and stay compliant with the right law firm management software.
by
Paul W Carlson, CPA
Three Way IOLTA Reconciliation Guide
IOLTA trust account reconciliation represents one of the most critical compliance responsibilities for attorneys.
Clio
by
Paul W Carlson, CPA
Manage Client Trust Balances with Clio Matter Balance Summary Report
Manage Client Trust Balances with Clio Matter Balance Summary Report
Clio
by
Paul W Carlson, CPA
Clio Prepaid Flat Fee Process - Matter, Invoice, and Payment
Generate an invoice within Clio for prepaid flat fees.
Clio
by
Paul W Carlson, CPA
Clio Matter Budgets - Summary Management Report
Learn how to use Excel to make your budget summary report.
Clio
by
Paul W Carlson, CPA
Clio Matter Budgets - Options and Example Management Report
Review the options available to run budget reports.
Clio
by
Paul W Carlson, CPA
Clio Consultation Invoices and Payments
Learn how to create a consultation invoice and payment within Clio.
Clio
by
Paul W Carlson, CPA
Clio Billing Rates: Scale Cleaner, Protect Revenue
Learn the decisions, timing, and guardrails behind hourly billing rates in Clio so your rate structure remains stable, compliant, and straightforward to verify.
Clio
by
Paul W Carlson, CPA
Client Invoice Guide for Law Firms Using Clio
Understand the strategy, timing, and controls behind client invoicing in Clio so your billing stays predictable, compliant, and easy to reconcile.
Clio
by
Paul W Carlson, CPA
Clio Trust Requests for Retainers or Advance Fees
Join us in learning about the best way to request advance retainers using Clio.
Law Firm Operations
by
Paul W Carlson, CPA
Track EIDL Loan: Balance, Due Date & Payment Allocation
Managing your Economic Injury Disaster Loan (EIDL) effectively starts with staying informed.
Law Firm Operations
by
Paul W Carlson, CPA
Forecast Cash and Revenue - Contingency Based Law Firm - Pipeline Report
In this video blog post, we outline a specialized process for utilizing a pipeline report to accurately forecast revenue and cash flow in contingency-based law firms.
IOLTA
by
Paul W Carlson, CPA
Example IOLTA Trust Account Reconciliation
In this video post, we offer a valuable resource for law firms by presenting a video overview of a complete IOLTA Trust account reconciliation—an example of which is often hard to find.
Taxes
by
Paul W Carlson, CPA
Can a Law Firm Be an S Corp?
Gain a clearer picture of what opting for an S Corp means for your law firm's bottom line and make a more informed decision.
Taxes
by
Paul W Carlson, CPA
Are charitable donations made by your law firm direct business tax deductions?
Navigating charitable donations within the legal structure of a law firm can be complex, with tax benefits depending largely on the type of tax return your firm files.
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