Lynda ArtesaniLegal Accountant and Data Migration Specialist at The Proper Trust

The Most Dangerous Assumption Business Owners Make #lawfirms #legalaccounting #advisory

7 Jul 2026 · 1 min

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In this segment, the speaker highlights a common misconception among law‑firm owners that their in‑house accountant has everything under control, leading them to feel safe and complacent. The speaker argues that outsourced CFO services can add significant value by providing cash‑flow forecasting, strategic financial leadership, and the implementation of appropriate accounting, billing, and payment software. By positioning themselves as senior financial leaders, outsourced advisors can introduce efficient workflows and tools that law firms often lack, thereby enhancing financial visibility and decision‑making.

Chapters

They see the high-level numbers and what makes sense to them and what might not make sense to them. And they quite often think, well, the accountant took care of it. I'm safe. Everything's wonderful. But you know, there's things that you can open up like cash flow forecasting, letting them know that you're their outsourced CFO, that you are valuable to the firm. You should be put in, even though we're out here in the world, we're not in the office. Yeah. Yeah. We should be considered senior financial leadership in the law firms. We can bring new implementation for workflows and the correct accounting software, bill payment softwares, all those sorts of things that we know about that they may not.