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Law Firm Velocity

Get your firm's full financial picture with Law Firm Velocity.

Free up your time for clients while our experts bring your financial picture into focus.
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120+

We've partnered with over 120 law firms to accelerate their success and fuel their growth.

2009

Since 2009, we've specialized in providing dedicated, experienced accounting and finance services to law firms.
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Law Firm Velocity vs other bookkeeping services for CARET

Key advantages of Law Firm Velocity over other bookkeeping services for CARET users
Other firms
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CARET Certified Consultant
Specialized in Law Firm Finances
Deep Integration with CARET
IOLTA Trust Accounting Expertise
Strategic CFO Services
Custom Financial Reporting for Law Firms
Profit-Focused Financial Analysis
Law Firm KPI Tracking
Compliance with Legal Industry Standards
Dedicated Law Firm Financial Experts
Law firm owner in monthly cfo call

The hidden challenge behind maximizing CARET's benefits.

As a law firm owner using CARET Legal, you're already ahead of the game in managing your cases efficiently. But when it comes to your firm's finances, you might be facing some common challenges:
Drowning in Data: CARET offers robust financial tracking capabilities, but you struggle to turn it into actionable insights.
Trust Account Anxiety: Managing IOLTA accounts within CARET requires precision, and the stakes for compliance are high.
Time Drain: You became a lawyer to practice law, not to spend hours configuring software and reconciling accounts.

Seamless integration

As CARET consultants, Law Firm Velocity specializes in converting your case management data into a robust financial strategy. Here's how we enhance your CARET experience:
Seamless CARET Integration

As Certified CARET Consultants, we transform your practice management software into a powerful financial tool. We'll optimize your CARET setup to streamline billing, automate workflows, and drive firm profitability.

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Custom Financial Reporting
Turn CARET's robust data into actionable insights. Our tailored financial reports combine your practice data with expert analysis, helping you understand profitability by practice area, case type, and attorney.
Trust Accounting Excellence
Sleep better knowing your IOLTA accounts are managed correctly. We align CARET's trust accounting features with state bar requirements, ensuring perfect three-way reconciliation reports and bulletproof compliance.
Automated Reconciliation
Maximize revenue with optimized time tracking and billing workflows in CARET. We'll set up automated payment reminders, custom invoice templates, and streamlined collection processes to improve your cash flow.
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Performance Analytics Dashboard
Make data-driven decisions with custom CARET dashboards showing your most critical metrics. Track key performance indicators like utilization rates, collection ratios, and case profitability at a glance.
Strategic Financial Forecasting
Transform CARET data into your roadmap for growth. We'll help you leverage built-in reporting tools to forecast revenue, analyze practice area profitability, and identify opportunities to scale your firm.

Benefits you'll experience

More Time for Law, Less for Bookkeeping: Reclaim hours previously spent on financial management with optimized CARET workflows that automate your daily tasks.
Enhanced Accuracy: Eliminate double data entry and manual errors by properly configuring CARET's integrated accounting features with your existing systems.
Deeper Financial Insights: Transform CARET's practice data into actionable financial intelligence that helps you make better decisions about your firm's future.
Streamlined Financial Workflows: Experience a smoother, more efficient billing and collection process that integrates seamlessly with your CARET case management system.
Confidence in Compliance: Rest easy knowing your trust accounting is handled by experts who understand both CARET's IOLTA features and your state bar requirements.
Increased Collection Rates: Maximize your revenue with optimized CARET payment processing, automated follow-ups, and clear financial reporting that helps you spot collection issues early.
Key Services

Move beyond traditional accounting

law firm velocity

Profit-focused bookkeeping.

Elevate your financial management with profit-focused law firm bookkeeping services designed specifically for CARET users.
Real-time synchronization of financial data between CARET and your accounting systems
Accurate and timely recording of all financial transactions
Monthly reconciliation of bank accounts and credit cards
Customized financial reports that align with your firm's unique needs
Preparation of financial statements (Income Statement, Balance Sheet, Cash Flow Statement)
law firm velocity

Strategic CFO services, for profit growth.

Our CFO Services deliver actionable insights, helping you optimize returns, foresee changes, and secure financial stability while driving growth and increasing profit margins.
In-depth analysis of your firm's financial performance using MyCase data
Development of financial strategies to increase profitability and cash flow
Creation and monitoring of key performance indicators (KPIs) specific to law firms
Budgeting and forecasting to support informed decision-making
Guidance on pricing strategies and resource allocation
law firm velocity

IOLTA trust accounting.

Protect your firm’s reputation and ensure state bar compliance:
Seamless integration with MyCases' trust accounting features
Accurate maintenance of individual client ledgers within trust accounts
Monthly three-way reconciliation of trust accounts as required by state bar associations
Proper handling of retainer deposits and withdrawals
Proactive monitoring to prevent common trust accounting errors

Frequently asked questions

Our team will happily answer any additional questions you might have.
How does Law Firm Velocity's integration with CARET work?
Our system seamlessly connects to your CARET account, allowing real-time data synchronization. This integration enables us to pull financial data directly from CARET, eliminating the need for manual data entry and ensuring accuracy in your financial reports and analysis.
How does Law Firm Velocity ensure the security and confidentiality of my firm's financial data?
We take data security extremely seriously. We use bank-level encryption for all data transfers and storage. Our systems are regularly audited for security compliance, and we adhere to strict confidentiality protocols. Additionally, as a Certified CARET Consultant, we meet CARET's rigorous standards for data handling and security.
Will using Law Firm Velocity's services disrupt my current CARET workflow?
Not at all. Our services are designed to enhance, not disrupt, your existing CARET workflow. You'll continue using CARET as you always have for case management. We simply add a layer of financial expertise and automation to your existing processes, making your overall workflow more efficient.
Can Law Firm Velocity handle trust accounting for multiple jurisdictions?
Yes, our IOLTA trust accounting services are designed to handle multi-jurisdictional requirements. We stay up to date with the specific regulations of different state bar associations and ensure your trust accounting practices are compliant across all jurisdictions where you practice.
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Schedule a consultation today

Begin a new chapter of assurance and ease in your Law Firm's accounting.