Becoming a Law Firm Trusted Advisor - Part 2

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IOLTA 3-Way Reconcilitions

Great article. It is never too enough to re-iterate lawyers and their trusted advisers how important IOLTA accounting. Too many law firms get into trouble each year for sloppy IOLTA bookkeeping.

One crucial report which bring checks & balances is called "3-Way Reconciliation" Report. Its pretty much a mandatory report required by most bar associations/local ethics rules. Lawyerist did a pretty comprehensive article on this topic recently:

Full disclosure: I am the CEO of CosmoLex.

Rick Kabra 253 days ago

Thanks for contributing

Thank you so much for pointing out this additional reporting need/requirement. 253 days ago

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