Personal Injury Loss Accounting: What You Should Know
One of the main roles of forensic accountants is to assess the economic loss suffered by individuals and organizations as a result of accidents and incidents. This typically involves calculating how much money has been lost due to factors such
Accounting and Bookkeeping Best Practices for Law Firms
Lawyers often neglect their finances, but it can have serious consequences. If you want to get off on the right foot as a new lawyer and understand your firm’s numbers in full detail- from billable hours per client down to
Why is Accounting Important to Lawyers?
Law firms need to comply with various laws and codes of conduct. The accountant’s role is key for this, as they can provide services such as budgeting or bookkeeping which help keep track of financial statements that ensure solvency during
What Happens After You Reach a Personal Injury Settlement
The process of receiving your settlement funds isn’t without its challenges. There are going to come to some pretty big decisions, which could impact how much money is left over after everything else has been paid off. This is including
How Can Injury Accounting Services Help Personal Injury Cases
If you have been injured and your doctor tells you that the injury was due to another person’s carelessness, can help with quantifying how much economic loss there was. The most common types of personal injuries involve hiring multiple experts
How Does the Accounting Work at the End of the Case
Legal accountants are often asked to assist attorneys and insurance companies in the quantification of economic losses resulting from personal injury, wrongful death, or lost employment. These individuals may have a stream of current earnings as well as future ones