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
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.