Law Firms
OVERVIEW
As The Accounting Firm for Law Firms®, Anchin has been unwavering in our dedication to provide customized services that are specifically tailored to the legal industry. We recognize the individuality of every firm, and we specialize in ensuring our approach is personalized for optimal guidance and support on a firm-by-firm basis.
From developing solutions to complicated and multifaceted problems, to navigating the complexities of ever-changing tax legislation, we work alongside each of our law firm clients to develop a comprehensive strategy to maximize their profitability, ensure firm continuity, and prioritize their business objectives. The Law Firm Group is comprised of experienced attest & tax professionals that are knowledgeable in consulting with local, regional, and national law firms including those with an international presence. For over three decades, our Law Firm Group has serviced both partnerships and corporations, from boutique to AmLaw 100 firms, in all different practice areas. Anchin’s Law Firm team has deep experience in the legal industry, allowing us to tap into this extensive knowledge to offer customized guidance when you require it the most.
Anchin offers a wide range of traditional attest and tax, consulting and specialty advisory services that are tailored to the law firm industry. Our advisory work is staffed with management level team members that are well-versed in crafting innovative solutions for intricate tax and business challenges. Services that we provide that are specific to law firms include but are not limited to: Entity level State and Local Tax planning (“SALT”) including Pass-Through Entity Tax (“PTET”), International Tax, Succession and Compensation Planning, Operational and Internal Control Reviews, best practices review of Partnership/Shareholder agreements, Cost Segregation Studies, and Lease Reviews including buildout allowances. We truly believe that what is best for the firm is best for the partners, and these specific services will allow you and your firm to focus on keeping profits in your partners’ pockets.
Our Law Firm Group consistently demonstrates initiative that goes well beyond the expected. We are passionate about client service and are enabled by a structure that allows us to provide exceptional leadership attention to our Law Firm clients. We excel at crafting solutions to complex problems and distilling them into readily understandable communications and efficient strategies. Our proactive engagement ensures that you feel fully supported in implementing the customized solutions we offer to address your specific challenges and needs.
As The Accounting Firm for Law Firms®, our team is committed to enhancing financial performance through personalized strategies. From traditional to advisory services, our century-long expertise ensures tailored solutions for the distinctive needs of each law firm.
AUDIT AND ATTEST SERVICES
- Accounting and Audited, Reviewed or Compiled Financial Statements
- Audited Benefit Plan Financial Statements
TAX SERVICES
- Tax Compliance
- Tax Planning and Reporting
- State & Local (SALT) and International Taxation Nexus Studies
- Entity Level Income Tax Planning for SALT Including (PTET)
SPECIALTY ADVISORY SERVICES
- Anchin’s Executive Network (AEN)
- Cybersecurity Protection & Technology Efficiency
- Litigation, Forensic and Valuation Services (LFVS)
- Regulatory, Compliance & Investigation Services (RCI)
CONSULTING SERVICES
- Succession Planning
- Operational & Internal Control Reviews to Enhance Billing & Streamline Processes, Improve Collections, and Manage Overhead
- Mergers and Acquisitions, Including Due Diligence Procedures
- “Best Practices” Review of Partnership/Shareholder Operating Agreements
- Pension & Retirement Planning and Maximizing Plan Benefits
- Cost Segregation and Lease Reviews to Maximize Benefits/Minimize Taxes
- Customized financial analysis and reporting to better understand profitability