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Accounting and Financial Planning for Law FirmsLJN NewslettersNewsSections

Career Paths for Law Firm Accounting-Financial Professionals

By Ronald L. Seigneur and Stephen M. (Pete) Peterson

In part one of this two-part series [see the June 2005 A&FP edition], we discussed the pathways available for law firm administrative staff with finance and accounting competence to evolve into consulting roles within the legal services industry. Part two focuses on avenues available for individuals with strong skills in these functional areas to advance within their own or other firms.

Administrators often move to the legal field from an accounting or human resources background; typically they are hired to address a firm's defined needs within those functional areas. Some administrators advance within their specialty, but a few advance to a generalist role as the firm's senior legal administrator or day-to-day business affairs manager. In moving to a generalist role, individuals from the financial reporting side of the house have a distinct advantage: they already comprehend the firm's critical financial affairs, often more deeply than many of the attorneys within the ownership ranks.

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