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Law firm Accounting: US Law Firm Case Study

Overview

  • Handling of Finance and Accounting Services for a Legal Firm

The Client

  • An established law firm based in the US

Client’s Challenges

Our client, who is outsourcing their law firm’s accounting tasks to us since 2015, was not happy with their previous service provider. The reason behind this was the mistakes on the service provider’s end. There were a lot of errors in their accounts book. Moreover, the client was not satisfied with the overall performance as the company they hired failed to keep up their promise to assist them in cutting down the operational expenses.

So, they were looking for someone to bank upon. Someone who can handle the accounts on their own. The accuracy was the main concern of the client since the chances of errors in this type of work are more, wherein one is dealing with invoices, duplicate payments and recording of transactions.

Another concern of the client was the smooth functioning of their accounting work. They were looking for a reliable accounts outsourcing company that can help them cut down their overhead costs and increase profits, without affecting the quality of their services.

Our Solution

Our client was clear regarding the services they required from us and was confident about whom they are going to trust to handle their bookkeeping. On the basis of our expertise, we provided them a complete solution to all their matters of concern. We chose a uniform approach and smoothly transitioned all the data from the previous service provider. Thereafter, we analyzed all the possible errors and documented each and every transaction in an appropriate manner. In no time, we successfully sorted out all the inaccuracies, which made our client more confident about us.

We tried to understand their work process and also kept a check on our staff to maintain uniformity on both the ends. We completed the assigned tasks with maximum accuracy and within the scope of SLA agreement. We helped our client in preparation of tax returns for their law firm.

Over a period of time, the client engaged our team in handing their payroll processes, as well. The entire process of outsourcing accounting back-office proved to be a time-saver for the client and was well within their budget.

What We Achieved

We succeeded in providing best-quality accounting support to our client’s law firm. Over the years, our client has developed complete trust on our team. So, now they want to take this association forward by giving us more responsibility and increasing the scale of work.

Benefits

Our dedication and sincerity towards our work helped the client in getting maximum profits.

  • We kept updating our staff regarding changes in legislation on tax compliance.
  • Faster and simpler decision making
  • Books maintained accurately and on time
  • Identified errors in accounts of the client and saved 40% of their accounting expenses
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  • I want to take a minute to convey my heartfelt gratitude for all the efforts put forth by the team of Cogneesol. They quickly understood our workflow, adapted to our requirements and performed outstandingly.

    • A Fortune 500 Tech Company
  • I am very pleased with Cogneesol's handling of the ticketing procedure. They are super fast in creating cases when new emails arrive and accuracy is just right despite the minimal training we offered. They are rock stars!

    • Tech Startup Company based in Australia
  • We are really thankful to the entire team of Cogneesol. They've helped us reach our customers in a meaningful way. We would love to work with them again in the future.

    • A Leading Telecommunications Provider
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