Fractional accounting services offer a strategic solution for law firms facing the complexities of financial management in a demanding legal environment. These services provide access to highly skilled CFOs, Controllers, Bookkeepers, and Accounting Software Solutions Professionals on an outsourced or project basis, allowing firms to access financial expertise without the commitment or cost of a full-time hire. This flexible arrangement is ideal for addressing the intricacies and management of trust accounts, pass-through expenses, and third-party billing so that law firms can maintain rigorous financial oversight and compliance while optimizing their bottom line.
The A Team's
The A Team offers Outsourced Controllers who specialize in addressing the financial challenges faced by law firms and provide tailored oversight and management of the firm’s accounting functions. Our team focuses on optimizing your firm’s financial health through detailed financial reporting, effective internal controls, and efficient cash flow management. For law firms, where precise financial tracking and compliance are crucial, our Outsourced Controllers provide financial support that follows industry standards and regulatory requirements. They also play a key role in budgeting and financial planning, helping firms to identify cost-saving opportunities and improve profitability. By managing financial operations effectively, our Outsourced Controllers enable law firm partners to focus on client service and business development rather than complex financial details.
Our Outsourced Bookkeepers meticulously organize and maintain up-to-date financial records. By providing clear, accurate financial statements, they offer a transparent view of your firm’s financial activities. This detailed reporting provides management with the tools they need to monitor financial performance, identify trends, and make informed decisions about resource allocation and strategic planning.
A Team’s Accounting Software Solutions Professionals work with law firms to streamline operations and enhance compliance. They offer software solutions that facilitate precise time tracking and billing, manage client funds through trust accounting, and automate routine administrative tasks such as invoicing and financial updates. This software also enhances expense management by integrating client data. This allows firms to maintain comprehensive records and provides robust financial reporting tools that help firms understand their financial health.
At The A Team, we understand law firms. We appreciate that your firm needs financial employees who not only excel in accounting, but also possess the discretion and integrity essential in the legal environment. Should you wish to hire accounting professionals to augment your existing team, or to build a new in-house team, our targeted recruitment strategy will support you in building a strong, effective team that can navigate complex accounting challenges. By leveraging our extensive networks and our deep understanding of both accounting and legal industry requirements, our recruiting professionals match law firms with candidates who excel in accounting, understand the nuances of legal finances, and align with the firm’s culture and values. We provide candidates who will have the appropriate skills and will fit your culture.
It is so important for small, growing businesses to have access to high level financial expertise at all stages of growth. The Outsourced CFO model offered the value and flexibility we needed while allowing us, at our own pace, to grow to the next level of hiring a full-time CFO.
Alan Tarter, Managing Partner
Tarter, Krinsky & Drogin
Tedd Drattell
As the founder and CEO of The A Team, established in 2001, Tedd has dedicated over two decades to supporting Law Firms in navigating the complexities of accounting and financial management. Tedd has worked closely with numerous Law Firms, offering strategic financial guidance that drives significant growth. He has advised his clients on Compensation Modeling, Lateral Partner Acquisition Modeling, Timekeeping and Billing Best Practices, Phantom Income Minimization, A/R Best Practices, Analytics, and Budgeting. In addition Tedd has been a trusted advisor to his clients’ Managing Partners and Executive Committees. He has also managed Law Firm ERP Software Conversions.
Tedd notes, “I served as a Fractional CFO for a Law Firm for 22 years, during which time my strategic insights contributed to their remarkable growth of over 1,000% in revenue. I have always had a passion for the accounting knowledge and processes that address the challenges that Law Firms face in becoming more efficient, compliant, and forward-thinking.
Our focus is to provide Law Firms with tailored solutions that are targeted to meet the unique needs of each firm we serve.
Racheal Smith
With over 16 years of accounting experience, more than a dozen of which have been working exclusively with law firms, Racheal brings wealth of expertise to our law firm clients. Prior to joining The A Team, Racheal was the controller for, and ran the accounting department for, a 100+ attorney law firm. Racheal is proficient in Practice Panther, QuickBooks, Prolaw and Aderant, and has also handled ebilling. Racheal has worked with law firms whose focuses include General Business, Tax, Dispute Resolution, Government and Regulatory issues, Real Estate, Bankruptcy, Trusts and Estates and more.
