Financial Services for Law Firms

Law Firm Fractional CFO

Accelerate your law firm growth with smart, sustainable strategies from a law firm owner and CFO.

Get Your Law Firm Fractional CFO

Who We Serve

Serving law firms throughout the entire business lifecycle from solo to BigLaw, looking for smart and sustainable growth.

Law Firms Served

  • Personal Injury
  • Family Law
  • Criminal Law
  • Business & Transactional
  • Disability Law
  • Immigration

Core Services

  • Fractional Chief Financial Officer
  • Strategic Financial Adviser
  • Mergers and Acquisitions Due Diligence
  • Project Based Work

Business Models

  • Hourly Fees
  • Flat Fee
  • Contingency Fees
  • Subscription Fees
  • Kimberly DeCarrera

Kimberly DeCarrera

Business Attorney and Fractional CFO

Kimberly DeCarrera is the managing attorney and Fractional CFO at Springboard Legal. She currently represents a variety of clients across several industries and specifically law firms to help them achieve their business goals.

Finance is Foundational to Smart, Sustainable Law Firm Growth

Our job is to make sure that you do not run out of cash or burn out as you grow and build your law firm. The key to smart and sustainable law firm growth is strong financials – basic bookkeeping, financial systems, financial planning and analysis (FP&A), and strong compensation plans.

Our clients sleep easy at night, knowing that the payroll is covered. For this week, this month, and this year. We can see the issues on the horizon, in enough time that we can take action to avoid catastrophe. This gives you the confidence to take the steps necessary to grow your law firm – new marketing budget, hiring new staff, and expanding into new office markets.

Hire Your Law Firm Fractional CFO
  • Kimberly DeCarrera in a black turtleneck - Fractional General Counsel and Fractional Chief Financial Officer

Meet Your Law Firm’s Fractional CFO

Kimberly DeCarrera is the unique blend of attorney and finance professional. She served as the in-house Chief Financial and Legal Officer of a logistics company in the pandemic. She has also run her own law firm and served as a law firm administrator. She also started the Fractional CFO program at a law firm marketing agency.

Who better to serve as your Fractional CFO than a fellow lawyer that also happens to know a whole lot about finance? She knows all about three-way trust reconciliation, our ethical rules, and unique characteristics of a law firm business.

Learn More About Kimberly

What a Fractional CFO Does For Your Law Firm

A Fractional CFO is your forward-looking strategic finance partner. We work in tandem with your bookkeeper and your CPA to provide the guidance you need for smart, strategic growth.

Financial Clarity

From cash flow forecasts to monthly budgets, know where your money is going and whether you are on track to meet your strategic goals.

Faster Decisions

Be confident in the decisions you make so that you can move at the speed of growth. From hiring to marketing, we’ve got you covered.

Increase Profit

The goal is to make more money, now and in the future. Increase your take-home pay through both W-2 wages for S-corps and distributions. Also increase the enterprise value for potential sale.

Build a Team

From recruiting and onboarding to retention, we work to improve your team, including your compensation and benefits plans with incentives aligned to your strategic growth goals.

Prepare For Exit

If you are planning on selling your law firm, whether to a partner or associate in your firm or an outside law firm or even PE, then you need to have your financial house in order.

Hire Your Law Firm Fractional CFO Now

Fractional CFO Packages for Law Firms

The monthly CFO package includes two monthly meetings to dive into all your firm’s financial concerns. From reviewing income statements to preparing budgets to diving into 401(k) match options or employee compensation plans (and bonus plans), this time is dedicated to what’s most pressing to you.

You also receive time dedicated solely to you for your Fractional CFO to work offline on FP&A (financial planning and analysis) or other asynchronous work. Because no one needs to watch Kimberly DeCarrera build a budget for you. But then we go through the analysis during the 1-on-1 meeting to give you the valuable insights.

This is perfect for firms over $1 million annual revenue or with multiple practice areas.

Cost: $3,500 / month

The quarterly CFO package includes one meeting per quarter to dive into all your firm’s financial concerns. We will dive into your accounting records and your budget to make sure that you are on the right path to meet your strategic growth plan. Take actionable insights out of our time together so that you can continue to improve your law firm.

This is perfect for firms under $1 million annual revenue.

Cost: $1,750 / quarter

The custom CFO package is specifically for law firms that need a higher level of service, customized to your needs. Some of the custom options include: dedicated days, management of administrative or finance staff, fully embedded staff, benefit management, and variable compensation plan management.

This is perfect for firms over $20 million annual revenue.

Cost: Starting at $5,000 a month

Kimberly DeCarrera can help you buy a law firm by performing financial due diligence – a process of examining the target firm’s financial condition, uncovering potential liabilities and risks, and helping you to identify the opportunities to achieve economies of scale or improvements. In addition, she can help you identify and qualify for potential financing opportunities to fund the purchase of a firm.

Kimberly DeCarrera can also use that knowledge from buying businesses to help you prepare for and sell your law firm. She knows what buyer are looking for when it comes to due diligence, so she can help you put your best foot forward, maximizing your investment and exit strategy.

Cost: Varies

Not every company needs a full suite of financial offerings. They just want certain specific assistance that they do not otherwise have the experience, expertise, or capacity to handle. Leverage the Springboard Legal’s extensive financial knowledge for your company!

Has your state contacted you about unclaimed property? Do you have old uncashed checks in your IOLTA that you want to get off your books?

Springboard Legal can help your firm defend an unclaimed property audit, begin an annual compliance program, and participate in state voluntary disclosure programs.

Cost: Varies

Growth is risky for a law firm, and sometimes firm owners get “out over their skis” during the scaling phase. When law firms run into financial crisis issues, it is helpful to have an experienced, unbiased opinion to help you right the ship. Kimberly DeCarrera can use her experience in rescuing companies, including law firms, from the brink of bankruptcy to help you re-establish a solid foundation on which to continue your growth and long-term success.

Cost: Varies

Hire a Fractional CFO for Your Law Firm

Our Promise to You

Hiring a Law Firm Fractional CFO is a big investment. You also don’t know ahead of time if working with Springboard Legal is the right answer for your firm. That’s why we make these commitments to you:

Price Lock Guarantee

The price you sign-on for today won’t change for at least 1 full year. That way we can include it in your budget without surprises. The only way your price changes is if you change the level of service.

Cancel Anytime

If you aren’t happy, we aren’t happy. We would appreciate the opportunity to make you happy and keep you on as a client, but if it isn’t working out, we won’t hold you to any long-term contracts.

Find Out What Else Springboard Legal Can Do For Your Law Firm

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Hire a Fractional CFO for Your Law Firm
Kim is AMAZING!! She helped untangle some of my really complicated business questions and set me on the right path. Would work with her again and again.
Adam P.
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