Your firm excels at serving clients, winning cases, and growing practice areas. But as your law firm grows, financial management becomes more complex. Cash flow, partner compensation, trust accounting, profitability reporting, and strategic planning all require specialized financial leadership.
2 Labs Financial Services provides outsourced Controller and CFO services for attorneys and law firms that need expert financial guidance without the cost of a full-time executive.
Whether you’re looking to improve profitability, strengthen financial reporting, manage growth, or gain greater insight into your firm’s performance, our experienced team helps you make confident financial decisions based on accurate, timely information.
A Controller ensures your firm’s financial operations run efficiently and accurately.
Our outsourced Controller services help law firms:
🐾 Maintain accurate financial records
🐾 Improve month-end and year-end closings
🐾 Manage accounts payable and receivable
🐾 Oversee trust accounting and IOLTA compliance
🐾 Develop reliable financial reporting processes
🐾 Monitor cash flow and working capital
🐾 Implement internal controls and best practices
🐾 Support audit and tax preparation activities
As your law firm grows, financial leadership becomes increasingly important. An outsourced CFO provides strategic insight to help drive profitability and long-term success.
Our CFO services include:
🐾 Cash flow forecasting and management
🐾 Budget development and monitoring
🐾 Practice area profitability analysis
🐾 Partner compensation modeling
🐾 Financial KPI dashboards and reporting
🐾 Growth and expansion planning
🐾 Strategic decision support
🐾 Scenario planning and forecasting
🐾 Technology and process improvement recommendations
🐾 Financial presentations for partners and stakeholders
We help managing partners and firm leadership understand not just what happened financially, but why it happened and what actions should be taken next.
With consistent reporting and oversight, you’ll have the financial visibility needed to manage your practice effectively.
Please note there might be slight annual price increases due to software cost increases. We completely understand that a price increase is never ideal, and we work hard to avoid one whenever we can.
A 6-month contract and ACH payment are required on all plans. We offer significant discounts on 12- and 24-month contracts. Custom packages are available.
