Description

A financial diagnostic is the first step in a financial cleanup, financial strategy development, or ongoing financial services. It is also a great way to get an understanding of where your law firm is at, financially speaking.  A diagnostic will help you answer questions like:

• Do I need help with trust accounting, or is what I’m doing already 100% RPC-compliant?
• Do I have additional revenue opportunities, or am I maxed out?
• Are my books in order, or do they need clean-up?  If they need clean-up, exactly what clean-up is required?
• Where is my firm leaking money?
• Before I make a big investment in a new accountant or bookkeeper, is Ascendus right for my firm?

The diagnostic examines over 30 aspects of your law firm bookkeeping and financial operations, and over 20 aspects of your trust accounting for ethics compliance.

We have a limited number of financial diagnostic slots available each month, so book yours today.

How it works.

Once you click the Book Now button, you’ll be taken to a page that will allow you to book an initial call with one of our law firm finance and IOLTA experts.  During that initial call, we’ll work together to identify and define your firm’s financial goals; any concerns you have about your law firm’s finances and IOLTA trust accounting, as well as specific areas you’d like to make sure we address during our diagnostic.  We’ll also use our time together on that call to gather the documents and data access required for our analysis.

Once we have that information, we’ll be crunching numbers, doing deep-dive analysis of your firm and its financial systems, and seeking out opportunities to improve your firm’s systems and overall bottom line.  Within 1-2 weeks of our first call, you’ll receive our analysis in an actionable report your firm can start implementing to improve your firm’s bottom line right away.  While our reports are custom-tailored to each firm, some of the questions our reports typically address include:

• Are my trust accounts fully ethics-compliant?
• If not, what do I need to do to bring them into compliance?
• Is my firm leaking money?
• Are there opportunities to bring in more money without raising rates or working more?
• What do I need to know to get my books ready for tax time?
• What information is available to me that I can use to make better financial decisions for my firm?  How can I make financial decisions easier?

Our goal with the diagnostic is to empower law firm owners to know where their finances currently stand, and what their opportunities are, so they can make great decisions about how to reach their financial goals.

Firms that complete our diagnostic process will have this information and more at their fingertips.  And, while there is no obligation to continue any services with Aascendus at the end of the diagnostic, we definitely encourage you to take the information you’ll learn from the diagnostic and run with it.  We’re also happy to discuss options for the many ways in which Ascendus can support your firm as it moves forward to achieve its financial goals, and also maintain guaranteed ethics-compliant trust accounting.

What else should I know?

• Not quite ready to look at the firm big picture, and you’d rather start with an IOLTA compliance check for now to protect your law license?  We’ve got you covered.  You can book your IOLTA Diagnostic here.
• Pricing assumes you are using cloud-based accounting systems and cloud-based practice management software such as Quickbooks Online, Xero, Clio, Cosmolex, MyCase, LeanLaw, and other similar cloud-based programs.  If you are currently using non-cloud-based software, please contact us for pricing.