Your expertise is law. Ours helps you focus on it.
Regardless of size, location or area of practice, every law firm experiences financial challenges. Firms can experience times of prosperity as well as hard times when tough decisions and actions are required. Firms need help from someone who understands the business of law and can be a trusted advisor in good times or bad.
Saville provides specialized tax and financial expertise that can help our law firm clients have measurable improvements in their bottom-line results. From strategic tax planning to cash flow and profitability analysis, Saville’s professional services help law firms know how they are really doing, how they can run better, and how they can grow.
Some of the services we offer
Tax
- Partner strategic tax planning
- Firm tax planning and compliance
- Multi-state and international tax issues
- IRS representation
Financial Accounting
- Outsourced accounting and bookkeeping
- Monthly cash management dashboard reporting
- Accounting internal controls and processes
- Time & billing/accounting software selection
Profit Per Partner Maximization
- 20 key performance indicators (KPIs)
- Perform timekeeper profitability analysis
- Create annual financial plans
- Improve cash flow
- Analyze billing rates by attorney
- Compare financial results to industry benchmarks
Compensation
- Evaluate objective vs. subjective systems
- Equity partner compensation
- Setting monthly draws
- Non-equity compensation
- Lateral attorney hire
- Associate incentive plans
- Employee benefits
Partner Transition
- Partner succession planning
- Partner buy-in/termination
- Buy-sell agreements
- Firm valuation
- Retirement planning
New Firm Start-ups
- Formation/entity selection
- Financial planning for future growth
- Accounting controls and procedures
- Tax planning
- Software selection
- Key management reporting
Ask Us Anything
How can we help? What are your most urgent, most frustrating, and most time-consuming problems? Contact Saville’s professional services team for more information and assistance at 214.922.9727 or click the button to email us.
