The criminal fraud trial of three former executives of Dewey & LeBoeuf this year cast a spotlight on an arcane, often tedious but essential part of the operations of any big law firm: accounting ...

Relatively early in a law firm's existence, a decision is required concerning whether to report financial activities to the Internal Revenue Service on a "cash" or "accrual" accounting basis.

Running a law firm? You have already heard people exchange bookkeeping and accounting all around. They are similar, but not identical, and the understanding of the difference can make a difference ...