Just look back on the history of television and you will quickly see America's fascination with legal drama. But as appealing as the profession may be, the business side of law is a 'nightmare' to most lawyers.
Fortunately, there has consistently been a group of ‘accounting’ professionals and ‘legal techy’ consultants who have supported the legal profession behind the scenes. One such professional consultant is Caren Schwartz, who is our guest presenter at today's QBTalks.
Legal finance typically includes one of the most demanding financial tracking mandates around. And not only are the requirements cumbersome, the penalties for not following those requirements can be disastrous. For years, the number one cause of lawyers being disbarred was ‘improper handling of client trust funds.’ Not only did layers end their careers by mishandling their clients' monies, but many talented trial lawyers ‘went to jail’ over failures to properly account for and distribute funds held in trust.
While lawyers know the law they practice (civil, criminal, business, etc.) to the letter; they often appear ignorant of the laws governing their own profession. They can successfully defend a client charged with murder, or they can sue and collect millions of dollars from corporations that take advantage of the public. They can draft iron clad segregated portfolio arrangements that avoid taxes for eons, or set-up family trusts that perpetuate wealth for generations.
Yet, understanding that Client Funds in their possession must be reported as both an ‘Asset Account’ and a ‘Liability Account’ at the same time can literally explode their minds (figuratively speaking, of course). And rely on QuickBooks or another small accounting system to properly track those accounts, segregate them by client and matter, properly record expenses vs distributions and responsibly manage interest associated with such funds, takes time and talents that most lawyers simply don't want to mess with, except to find someone qualified to do it.
Such is the need for “legal" specialization by accountants, bookkeepers, and ‘tech’ consultants including QuickBooks ProAdvisors; it poses an 'opportunity at hand' if you have a clear understanding of the requirements. On Wednesday, February 18, 2026, at 2:00 PM Eastern, Insightful Accountant will present QBTalks “Pro Tips: Legal Niche”.
QBTalks attendees have told us you wanted more Niche Specialization coverage to help build your practice. At today's webinar, Caren Schwartz, recipient of Insightful Accountant's first 'Niche Practice’ ProAdvisor Award (back in 2014) will do just that. With more than thirty years’ experience in working with Law firms, and numerous certifications in law firm and accounting technology, Caren will share tips for working with attorneys along with strategies for building a niche practice focusing on law firms.
Caren will focus on those things that make law firms unique from other professional businesses. She will also illustrate ways to implement sound fiscal management practices within a law firm. The Caren will discuss how you as a ‘Legal-niche Practioner’ can leverage technology using legal-specific apps and software to build strong relationships with the law firms you serve, and in so doing enhance your personal value to those firms.
So, join me at 2:00 PM Eastern time today (February 18th) for QBTalks when we also discuss building a successful ‘legal niche’ practice.
About this Webinar’s CPE and CPE Learning Objectives:
The legal industry can gain from the services of knowledgeable advisors. If you serve, or are looking to serve, the legal industry market, this webinar will help you understand the market. This webinar will help you understand what makes the industry unique and how you can serve them and help them stay compliant.
To ensure this webinar qualifies for one (1) CPE credit, it must have meaningful learning objectives. To qualify for CPE, participants must attend a minimum of fifty (50) minutes of the webinar and must answer a minimum of three (3) CPE polling questions based on the stated learning objectives set forth below.
Upon completion of this one-hour webinar, participants should be able to:
Identify unique features of law firms that set them apart from other businesses.
Identify financial management processes needed explicitly by law firms.
Identify specific tools that can be leveraged on behalf of legal industry clients.
How To Attend This Webinar:
If you are already registered for QBTalks, you are automatically registered for the new QBTalks-Apps series. If you are not already registered, you can:
Register* Here for QBTalks (and QBTalks-Apps)
So be sure to join us for this highly informative ‘legal niche’ focused edition of QBTalks on February18, 2026, at 2 PM Eastern.
Disclaimer:
*- registration link will register you for not only the current QBTalks (or QBTalks-App) webinar, but all future QBTalks and QBTalks-App webinars. Registrants can withdraw their registration at any time in the future.
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