Info

Margolin, Winer & Evens LLP is a leader in advising and guiding law firms in the many areas of financial and operational management. Our Professional Service Firms Practice Group offers a team of skilled professionals to address the specific needs of a law firm. Our focus is on assisting management in the evaluation of their practice's financial components, and the creation of essential mechanisms for improving financial results. Founded in 1946, MWE is one of the largest accounting and business advisory firms in the Northeast. Today, we remain a trusted advisor to the legal community, providing extensive expertise and experience in this focused area of practice. Our Professional Service Firms Practice Group understands the complexity of managing a law firm and the need for astute financial and management tools and controls. Our mission is to advise you on the most advantageous methods for maximizing profitability, minimizing tax implications and optimizing the efficiencies and economies built into your operations. Our approach is comprehensive, beginning with a thorough review of your firm's financial reporting systems and procedures. With an understanding of these elements and the nuances of your specific practice, MWE can provide sound recommendations designed to ensure that objectives are achieved. A key element of our services focuses on the methods used to establish billing rates and the subsequent realization of time and collection of billings. These critical aspects of a firm's operation are subject to a comprehensive analysis from both an individual attorney and separate practice area perspective. This analysis enables us to recommend any necessary realignments or systems changes. MWE offers a full complement of services which include financial reporting, preparation of firm and principal income tax returns, analysis of compensation and benefit plans and evaluation of internal accounting records, procedures and controls. Tax planning represents another key component of our services. Through our in-depth understanding of law practices and with advanced planning, MWE can employ strategies that leverage tax law provisions to minimize tax liabilities. Tax partners are intimately involved in every engagement, working hand-in-hand with clients and engagement team members to ensure that planning strategies are properly and effectively developed and executed. MWE's professionals can also play a significant role in evaluating or developing strategic business plans to advance long-term growth that reflect both the firm's vision and its competitive market position. Our intimate working knowledge of the legal landscape and vast experience as business advisors equip us to counsel you in all aspects of long-term planning. This extends from industry analysis and evaluation of expansions, diversification, mergers and acquisitions to a comprehensive review of buy-sell and equity agreements. As a whole, MWE's services to law firms are designed to assist in improving efficiency and profitability. We regard our immersion in a firm's practice as a significant part of our role as business advisors assisting you to address and respond to an often-changing environment. The outcome of this process is the ability to make sound business recommendations that will enable the firm to benefit from best practices. Regardless of a law firm's size or areas of concentration, MWE has the expertise to help the firm realize its full potential and the associated financial rewards. As your professional advisors, we will be there with you every step of the way, ensuring that the firm derives the full value of our expertise. We call it turning vision into value. You'll call it one of the best firm management decisions you've ever made.