play video
is a Medium Rare UI Kit exclusive to Webflow Templates. Browse more here
cross

Fractional CFO services for law firms

You know the law, we know how to make it profitable.

Our fractional CFO services provide clear insight, helping you boost profits, anticipate shifts, and build lasting financial strength as you grow.
Law firm fractional CFO service providers

Growing fast? Let your finances keep up

Get strategic financial leadership that scales with your firm.
Two people looking at an e-report
Revenue Summary
$4,987
Write Down
Revenue
Position
+ 2.19%

Experience C-suite strategy on a budget

Gain the strategic insights of a seasoned CFO and senior accountant, without bearing the exorbitant costs.
Our virtual law firm CFO service offers unparalleled expertise, at a fraction of the price.
Virtual CFO in action
Payment requested
$1,392.00 from Sally C.
Card No.
Amount
Summary
Send Payment

Gain clarity with custom financial reporting

We delve deep into your firm's finances, identifying Key Performance Indicators (KPIs), analyzing profitability per client, type of work, and billing, while also providing strategic insights for improvement. We make sense of the numbers so you can make informed decisions.
Lawyers having a meeting
Revenue Summary
$4,987
Write Down
Revenue
Position
+ 2.19%

Consistent leadership and unwavering support

As your Fractional CFOs, we join your leadership meetings, present financial updates, and guide strategy discussions. You'll get clear answers to critical questions like:
  • "Are we seeing ROI on our marketing?"
  • "What should we change next?"
  • "Are we at risk of a cash shortfall?"
We decode financial and non-financial metrics to drive smarter decisions, boost profits, and fuel growth. More than CFOs, we’re your strategic partners, empowering your law firm to thrive with confidence.

Full strategic law firm financial support

Our CFO Services include:

Monthly
Engagement

Ongoing CFO support, dedicated to your business. Based
on your needs, each month your CFO can:
Includes:
Review your financial health and processes
Maintain and enhance operating budget & financial forecast
Support vendor contract review & negotiations
Conduct strategic analyses and provide recommendations
for sales efficiency, retention, benchmarking and more
$
9
95
Per user
Per month

Annual Budgeting
& Forecasting

Accurate budgets and forecasts built for you. Our CFOs will analyze your business drivers to build a custom forecast for:
Includes:
Revenue
COGS
Employee expenses
Operating expenses and more
$
9
95
Per user
Per month

More than just squeaky-clean books

Ledger
Profit-focused financial statements
From balance sheet to accounts receivable to advanced client cost report, we help you understand and improve your firm’s performance.
Ledger
See the complete picture
Have a clear financial plan for your firm’s future, driven by sophisticated financial models.
cfo
Instant access to precise, current financial data
Easily share accurate, up-to-date information with stakeholders (or coaches!).
Fractional CFOs: essential for law firms

A fractional CFO is a senior-level financial strategist who delivers expert guidance to law firms on a flexible, part-time or project basis. Unlike traditional CFOs, this model provides law firms with C-suite financial leadership precisely when needed, without the overhead of a full-time executive. This is ideal for firms that require strategic insight but aren't ready for (or don't need) a permanent hire.

This approach proves especially valuable for small to midsize firms where financial complexity has outgrown basic bookkeeping, yet doesn't yet demand a full-time CFO. The benefits are clear: immediate access to high-caliber expertise, cost savings of 40-60% compared to a full-time hire, and the ability to scale support up or down as needs evolve.

Legal practices grapple with financial hurdles that demand specialized attention—irregular cash flow from delayed settlements, trust accounting compliance risks, and the pressure to optimize profitability. A fractional CFO brings targeted solutions:

  • Regulatory safeguards for trust accounts and tax compliance
  • Cash flow stabilization through forecasting and collections optimization
  • Profitability levers like practice-area performance analysis

By implementing disciplined financial frameworks while aligning strategy with growth goals, fractional CFOs help law firms transform financial operations from a reactive function into a proactive driver of stability and success.

Core duties of fractional CFOs

A fractional CFO provides law firms with strategic financial leadership through a comprehensive scope of responsibilities. They develop and execute financial strategies that drive sustainable growth, using data analytics to assess profitability across practice areas, client types, and individual matters. This includes establishing key performance indicators and financial dashboards to monitor the firm's health in real time.

Their financial oversight extends to cash flow optimization, where they implement robust forecasting models, streamline billing processes, and improve collections management.  Fractional CFOs maintain the firm's liquidity by negotiating favorable financing terms and ensuring banking relationships support growth objectives.

They also design and manage budgeting processes that align with strategic goals while implementing financial controls to track expenses and matter profitability. Compliance forms another critical pillar of their role. Fractional CFOs ensure adherence to trust accounting rules, conduct internal audits, and safeguard financial data through proper cybersecurity measures. They keep the firm protected from regulatory risks while maintaining ethical practices.

Beyond day-to-day operations, these financial executives serve as strategic advisors to firm leadership. They provide financial due diligence for mergers or acquisitions, analyze partnership structures, and develop models for succession planning. Their guidance helps law firms navigate complex financial decisions with confidence while positioning the organization for long-term success in the competitive legal business.

Fractional CFO vs traditional CFO: key differences

A traditional CFO is typically a full-time executive who oversees the entire financial department, often commanding a higher salary and making a more substantial commitment to the firm. This individual might be responsible for a broad range of functions, including budget management, financial forecasting, and strategic investment planning, while also ensuring compliance with financial regulations and internal policies.

However, due to their singular focus on the firm’s operations and the demands of a full-time role, they might not provide specialized insights or innovative strategies that can arise from exposure to diverse sectors and business models.

In contrast, a fractional CFO provides expertise on a flexible basis, allowing law firms to engage with highly skilled financial professionals without the financial burden associated with a full-time salary. This arrangement enables law firms, especially smaller or mid-sized ones, to access high-level financial strategy, rigorous financial analysis, and industry best practices without overextending their budgets.

Fractional CFOs often come with extensive backgrounds and diverse experiences across various industries, equipping them with fresh perspectives and innovative problem-solving capabilities. This breadth of experience can be especially pivotal in navigating the complexities of the legal sector, as they can draw on best practices from other fields to inform their strategies and recommendations.

Another significant distinction lies in the adaptability that a fractional CFO offers. These professionals can be engaged on a project basis or for specific timeframes, allowing law firms to tailor their financial leadership to current needs. Whether the firm is undergoing a major transition, such as a merger or acquisition, or responding to shifts in the legal industry, having access to a fractional CFO means they can quickly ramp up financial oversight and planning.

This flexibility makes fractional CFOs an ideal solution for even for plaintiff law firms seeking to scale operations or adjust their strategic direction without the long-term commitment a traditional CFO entails.