Represent your clients, let us handle the finances.
Billable hour expectations, utilization rates, work in process, accounts receivable. While law firms work hard at representing their clients, they sometimes need assistance with the business side of the firm. As your law firm CFO, we’ll work with you to build or enhance your internal financial reporting and controls, making it easier for you to get work billed, collected, and ultimately bonuses paid.
Looking for a CFO who understands law firm finances? Delegate CFO brings 20+ years of public accounting and audit partner experience to law firm engagements, with specific expertise in billable hour analysis, WIP monitoring, and revenue leakage prevention. Fixed-rate pricing, no long-term contract. Book a free consultation →
Our approach is proactive and personal. We invest time in understanding you, your firm, and your unique needs and objectives. We analyze billable hour expectations, utilization rates, new work pipeline, billing rates, leverage and more. We tailor our Virtual CFO services to each law firm client, from weekly WIP meetings, to budget to actual hours to everything in-between
Our Experience with Law Firms
Steve Hovland, CPA and Certified Forensic Accountant
Steve spent 20+ years in public accounting, working his way up to audit partner at a 100-person regional CPA firm. He was involved in every aspect of the audit practice's financials, from setting billing rates and monitoring WIP and collections to analyzing billable and chargeable hours and overall utilization. The business side of public accounting is directly analogous to the business side of a law firm, and Steve brings that firsthand experience to every legal client engagement. He has also worked extensively with attorneys as an expert witness in fraud and accounting matters.
We offer three different service levels, each with additional a-la-carte services that can be added on, so you only pay for exactly what you want and need.
Your dedicated Virtual CFO partners with you year-round on the decisions that actually move your business forward. You get cash flow forecasting, a rolling 12-month forecast, company-wide KPIs, performance tracking by project and team member, bank relationship management, and up to 6 virtual meetings per month. If you’re making major decisions about growth, hiring, or financing and need a senior financial partner in your corner, this is the right fit.
Your Virtual Controller focuses on the accuracy and reliability of your financial reporting. You get a clean month-end close, GAAP-compliant financial statements, company-wide KPIs, 12-month forecasting, and up to 2 scheduled meetings per month. The right fit if you need stronger financial infrastructure and forward-looking reporting without full CFO-level strategy.
Your Virtual Accounting Manager picks up where your bookkeeper leaves off. We review your books at month-end, adjust to accrual accounting, and produce financial statements you can hand to your banker or shareholders. The right fit if you need a senior review layer over your existing bookkeeping without the cost of a Controller or CFO engagement.
Delegate CFO promises we will never hide our pricing or charge you ‘hourly billing’ rates. Our fees are fixed and based on your company’s specific needs. Our pricing is fixed for 12 months and you are never billed for miscellaneous items.
During our free consultation, we’ll discuss the services your company needs and your personal and professional goals. As an added benefit, all of our meetings are held virtually.
Looking for more detailed information on our virtual CFO charges and service packages?
A full-time CFO costs $200,000 or more in salary and benefits. Delegate CFO gives you the same strategic financial leadership, WIP oversight, billable hour analysis, and revenue leakage prevention, at a fixed monthly rate built for law firms.
What you get with Delegate CFO: