We get asked by a lot of law firms starting their own practice how to prepare for the legal bookkeeping and financial responsibilities of managing a practice. Specifically what they can do to manage client trust funds effectively. Despite the fact that most lawyers have a strong attention to detail and even a history of reviewing financial statements; handling client’s money and preparing for a financial spot audit can still be a daunting proposition. We are taking the time to review new lawyers questions and will be providing them with a best practice advice column on a monthly basis. If you have questions please view our posts or send them directly to firstname.lastname@example.org.