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Live Interactive Demo — Law Firms

Your Law Firm's Financial Clarity

Explore billable hour modeling, realization rate tracking, trust accounting, and partner draw planning — built specifically for legal practices.

Sample data for: Apex Legal Group, LLP (8 attorneys)

Law Firm Model Inputs

Starting Balances

Attorney Staffing

145
87%

Compensation

Monthly Overhead

Monthly Ending Cash Balance

Billings vs Total Expenses

Net Monthly Cash Flow

Firm Profit by Attorney

Realization vs Collection Rate

Top Client AR 30 Day+ — Problem Accounts

Expense Breakdown

Combined Scenario Impact on Ending Cash
$0

New Attorney Hire

130

Attorney Departure

0

Realization Rate Change

No change
87%
$0

New Practice Area

Inactive

Expense #1

Expense #2

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Cash Balance: Base Case vs Combined Scenario

CleanBooks Advisor
Analyzing Apex Legal Group, LLP financials
I've analyzed 12 months of projected financials for Apex Legal Group, LLP. Here are my key findings for your 8-attorney practice:
Realization Rate Alert: Your realization rate of 87% is below the AmLaw median of 92%. This gap costs your firm approximately $21,750/month in lost revenue. Top-performing firms of your size achieve 93-95%. I'd recommend a billing audit focusing on timekeeper narratives and pre-bill review processes.
Firm Profit by Attorney: At current rates, your revenue per attorney averages $47,500/mo. Partners produce 22% more than associates, which is typical. However, Associate #3 is tracking at only 118 billable hrs/month — 18% below target. A coaching conversation could add $10K/month.
Trust Account Note: Your trust balance of $287K is healthy. However, 3 client matters have trust balances below their retainer threshold. Send replenishment requests this week to maintain compliance and avoid using operating funds.
Top 3 Recommendations:
  1. Improve realization to 92% — adds $261K annually
  2. Tighten AR collections to 30 days — currently averaging 42 days
  3. Consider hiring a 6th associate — ROI positive within 4 months at current rates
Total Filings
6
Filed on Time
3
In Progress
0
Overdue
0

Compliance Filing Tracker

FilingDue DateStatusDocument
Quarterly 941 (Q1 2026)Apr 30, 2026Filed
State Payroll Tax (Q1)Apr 30, 2026Filed
Annual 940 (2025)Jan 31, 2026Filed
1099-NEC Filing (2025)Jan 31, 2026Filed
Workers Comp AuditJul 15, 2026Upcoming
Quarterly 941 (Q2 2026)Jul 31, 2026Upcoming

Upcoming Deadlines

Workers Comp Audit
Jul 15, 2026 • 139 days
Quarterly 941 (Q2 2026)
Jul 31, 2026 • 155 days
Total Budget
$291,500
Total Actual
$292,300
Variance
−$800
Over budget
% of Budget Used
100.3%

Category Breakdown — Budget vs Actual

CategoryBudgetActualVarianceVar %Progress
Attorney Compensation$180,000$175,000▼ $5,000-2.8%
Paralegal Staff$45,000$48,200▲ $3,200+7.1%
Office Lease$22,000$22,000— $00.0%
Technology & Software$8,500$11,200▲ $2,700+31.8%
Professional Development$5,000$3,800▼ $1,200-24.0%
Marketing & BD$12,000$14,500▲ $2,500+20.8%
Insurance$6,500$6,500— $00.0%
Office Supplies$3,000$2,100▼ $900-30.0%
Court Fees & Filing$4,500$5,800▲ $1,300+28.9%
Miscellaneous$5,000$3,200▼ $1,800-36.0%
Total$291,500$292,300▲ $8000.3%

Budget vs Actual by Category

Monthly Budget vs Actual Trend

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