Professional Service Firms
Your subject matter expert
for advisory services.
Managing a law firm presents a unique set of challenges. Firms often need the insight of an experienced advisor with knowledge of the legal profession landscape to guide them in financial and operational management. Law firms rely on MWE. We have the knowledge, capabilities and resources to address the business needs of your practice, including methods for maximizing profitability, minimizing tax implications, and optimizing the efficiencies and economies built into your operations.
Our Professional Service Firms Practice Group understands the complexity of managing a law firm and the need for effective financial and management tools and controls. Our approach is comprehensive, beginning with a thorough review of your firm and the areas where we can help, including a review of your financial reporting systems and procedures. With an understanding of these elements and the nuances of your specific practice, MWE can provide sound recommendations designed to ensure that your long-term objectives are achieved.
MWE takes a holistic approach to strengthening your practice, including valuable insight into such areas as:
- Analysis of partner compensation & objective criteria
- Benefit plans
- Billing rates & realization
- Efficiency & profitability
- Evaluation of internal accounting records, procedures & controls
- Evaluation/development of strategic business plans
- Financial reporting & planning
- Tax reporting & planning
MWE is a trusted advisor to the legal community, providing extensive expertise and experience in this focused area of practice. Our intimate working knowledge of the legal landscape and vast experience as business advisors make us uniquely equipped to counsel you in all aspects of management, financial and tax planning.