Practice Management and Legal Industry Consulting

law firm practice management consultingThe day-to-day challenges of managing a law firm can sometimes feel overwhelming for busy small business owners. Making sure your practice is in compliance with government regulations while trying to manage cash flow and accounting tasks can consume the energy that you'd rather be putting towards assisting clients. Richard P. Reid, CPA can help. We offer law firm consulting and practice management for lawyers in Utah.

We begin by conducting a comprehensive review of your practice to identify where operational improvements can be made. Then we show you how to implement changes that will simplify accounting procedures. We can help organize your financial record-keeping system, improve internal controls and eliminate unnecessary expenses. The result is that your operations will become more efficient, paving the way for new business growth. Richard P. Reid, CPA is also equipped to assist you with practice transition services such as buy/sell agreement consultation and succession planning.

Call us at 800-279-3377 today to discuss the specific needs and concerns of your law firm with a trusted, experienced Utah CPA. We offer a free initial consultation.

Our practice management services include:

  • Tax planning
  • Choosing the right type of entity for your law firm
  • Strategic growth planning
  • Law firm start-up consultation
  • Overhead analysis
  • Capital acquisitions
  • Lease vs. buy analysis
  • Business continuation planning
  • Operational review and implementing improvements
  • Financing consulting
  • Business plans
  • Equipment acquisition planning

Our legal practice transition services including:

  • Buy/sell agreement consulting
  • Real estate sale or purchase
  • Financing consulting
  • Adequacy of life insurance
  • Liquidation or reorganization of a practice
  • Succession planning