PracticePanther Launches PantherAccounting Plus, Delivering Native Legal Trust and Operating Accounting for Law Firms

MIAMI: PracticePanther, the industry-leading all-in-one legal practice management platform, today announced the launch of PantherAccounting Plus, a powerful new feature set that allows law firms to seamlessly manage all aspects of their trust and operating accounting directly within PracticePanther. PracticePanther is a part of Paradigm, a trusted legal software business that offers best-in-class solutions for law firms of all practice areas and sizes.

Building on the success of PantherPayments, the launch of PantherAccounting Plus marks a significant milestone in PracticePanther’s expansion of its native end-to-end financial management capabilities, empowering legal professionals to manage every dollar compliantly from a single, intuitive unified solution.

PantherAccounting Plus provides:

• Compliant Trust Accounting: Full IOLTA and trust ledger functionality with client ledger tracking, built-in safeguards against commingling of funds, and a guided three-way reconciliation wizard to complete month-end reconciliations in minutes while keeping firms in compliance with ABA and state bar requirements
• Native Firm Operating Accounting: Centralized tracking of income and firm expenses such as office rent, marketing, insurance, and payroll, providing a complete view of firm overhead and profitability
• General Ledger & Chart of Accounts: A fully customizable chart of accounts tailored to the unique structure of law firm finances, with comprehensive general ledger reporting
• Accounts Receivable & Firm Expense Management: Manage unpaid client invoices and firm expenses with full visibility of matter-level billing data
• Robust Financial Reporting: Generate firm profit & loss statements, balance sheets, cash flow statements, trial balance, trust account summaries, and audit-ready reconciliation reports with a single click

For attorneys, accounting has always been a high-stakes function. According to the American Bar Association, accounting errors and misappropriation of client funds remain the leading causes of attorney disciplinary actions. PracticePanther’s native accounting solution is purpose-built to solve this problem, offering built-in guardrails, automated reconciliation alerts, and trust and general ledger visibility to help firms stay compliant at every step.

“For years, law firms have had to stitch together their practice management software with separate, often generic accounting solutions – creating data gaps, double entry, and compliance risk,” said Soumya Nettimi, CEO of Paradigm. “With PantherAccounting Plus built natively into PracticePanther, law firms now have a single platform that handles everything from client intake to financial close.”

PantherAccounting Plus simplifies the accounting workflow for legal professionals by serving as an extension of the work they are already doing in PracticePanther. Law firms can now close their books faster, bill more accurately, and spend less time on administrative overhead – allowing them to focus on what matters most: serving clients.

PantherAccounting Plus is now available to PracticePanther users on the Business Pro Plan. To learn more or request a demo, visit practicepanther.com.

About PracticePanther

PracticePanther is the leading cloud-based law practice management software, trusted by tens of thousands of legal professionals worldwide. Through its intuitive and user-friendly interface, PracticePanther offers features in case management, time tracking, billing, client intake, payment processing, end-to-end trust & operating accounting, and much more to empower lawyers to automate their practices - all in one secure platform.

PracticePanther is part of Paradigm, which offers a suite of legal software solutions including PracticePanther, MerusCase, LollyLaw and Bill4Time. Paradigm empowers law firms across practice areas and firm sizes with world-class legal technology built to streamline operations and drive growth.

Fonte: Business Wire