Case Study: Total Sum Accounting helps a midsize law firm boost realization to 90% with LeanLaw

Outsourced bookkeeper saves law firm $150k/year and increases realization rate to 90%

The customer, Total Sum Accounting, was hired by a larger midsize law firm facing payment realization issues and non-compliant trust accounts. Their previous software and outsourced solution failed to provide necessary data and compliance, leading them to seek help. The vendor, LeanLaw, provided its trust accounting and practice management tools to address these challenges.

LeanLaw implemented its solution to ensure IOLTA trust compliance and facilitate evergreen retainer requests. This resulted in the law firm's payment realization rate increasing from 50% to 90%. By outsourcing to Total Sum Accounting, which uses LeanLaw, the firm also eliminated overhead costs associated with full-time employees and ensured continuous coverage. The vendor, LeanLaw, was credited as being the best tool for trust accounting.