Lynda ArtesaniLegal Accountant and Data Migration Specialist at The Proper Trust

Class Accounting - Finding the Holes Where Money Escapes #legalaccounting #classaccounting

9 Jan 2026 · 0 min

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0:26

In this video, the presenter explains how class accounting broken down by practice area serves as a powerful diagnostic tool for law firms. By allocating revenue and expenses to specific practice classes (e.g., personal injury, immigration, family law), firms can pinpoint the "holes" where money is leaking—areas with high costs or low profitability. The insight enables firms to shift resources toward more profitable or strategically desired practices, such as increasing immigration work while scaling back less lucrative personal injury work. The overall message is that class accounting provides a clear view of financial health across multiple practice areas, allowing firms to make data‑driven decisions to close revenue gaps and strengthen their service mix.

So that's where class accounting by practice area is so cool to use because it'll identify where the holes are, where the, you know, the window's open and the money's flying out versus the solid law practice that you have going on, whatever that is. You know, maybe personal injury isn't something you want to do, but you want to do a little more immigration or a little more family law or what have you. That's— classes really help out with that. Yeah, the multi-area.