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LAW FIRMS AND LAWYERS GROUP

ORBA understands the unique financial and operational challenges law firms and lawyers face.  Multi-state offices, partnership changes, managing cash flow to meet daily obligations, mergers and investing for future growth are considerations that require thorough analysis and expert input.  For more than 40 years, our Law Firm Group has been providing law firms and individual attorneys with the accounting, tax, consulting and litigation support services that are required to maintain robust and successful practices.

As one of the largest public accounting firms in Chicago, ORBA is the trusted choice of professional service providers.  We deliver the proactive personal attention and team engagement found in small firms, along with the breadth of services, capabilities and resources of a large firm. Through our membership in BKR International, we also serve legal clients with multi-state and/or international needs.

ORBA’s Law Firm Group includes audit, tax and advisory professionals with a deep bench of experience serving law firms and attorneys. Through our audit and assurance services, tax services, and consulting and advisory services, we provide effective and efficient solutions uniquely tailored to each practice’s requirements.  As your trusted business advisor, we look for ways your practice can better manage operating costs, strengthen controls, mitigate risks, achieve efficiencies and improve performance.

Through hard work, dedicated staff and hands-on client service, we have established long-term relationships and built an enviable reputation for quality.  With ORBA, you and your firm will have the peace of mind that comes with knowing your fiscal accountability is in good hands.

As active members of the American Institute of CPAs, Illinois CPA Society, among others, Our directors, managers, senior accountants and staff  receive significant continuing education from a number of resources to stay abreast of key changes in accounting and assurance requirements.  We proactively share best practices, trends and creative ideas with our clients.

At ORBA, we are your partners. We are there when you need us to provide the valuable insights and perspectives you need to pursue your short- and long-term objectives.  We proudly stand behind our work so that you can concentrate on your firm and your clients.

SERVICES

Attestation Services

ORBA’s Law Firm Group provides expert and efficient attestation services that include audits, reviews  and compilations for law firms of all sizes and structures. Our experienced, efficient accountants deliver reports that are held to the highest standards.  As part of our procedures, we strive to advise our law firm clients’ management on how to produce quality and timely financial statements that accurately reflect the financials of the firm.

Through straightforward planning, understanding our clients’ business structures and identifying their key challenges, we design our assurance procedures with efficiency, focusing our time and attention in the areas that may present financial risks.  We pride ourselves on maintaining a consistent staffing model that is well-versed in the intricacies of your operations and offer our deep resources to you throughout the year as questions or issues arise.

Our attestation services encompass:

  • Financial statement audits, reviews and compilations
  • Trust account audits
  • Agreed-upon procedure engagements
  • Employee benefit plan audits
  • Internal control and analysis

Consulting

ORBA prides itself on being more than just your firm’s accountants.  We are your business advisors and poised to offer independent assessment of the opportunities and actions you consider as your firm evolves.

Our consulting services include:

  • Shareholder agreements/buy-sell agreements
  • Partner buy-ins/buy-outs
  • Partner retirement
  • Retirement plans
  • Long-term strategic planning
  • Partnership valuations

Our Law Firm Group also offers continuing legal education classes for your attorneys that are led by our Director of Litigation Support Services.

Tax

ORBA's Law Firm Group has extensive experience preparing federal, state and multistate tax returns for law firms, as well as for individual attorneys.  Our return preparation  experience includes C and S corporation, partnership, and multi-state.  Whether you are a partner or associate working for a multinational law firm or a sole practitioner, there are several tax pitfalls and savings opportunities that apply to your situation.  ORBA’s Law Firm Group guides you through every step of the complex decisions you will face during your career – from your first tax return and tax planning to planning your exit strategy or retirement.

We strive to keep you informed, maximize your tax savings and minimize your risk.  ORBA’s tax professionals know the legal industry and can help you realize your future goals.

Litigation Support

At ORBA, we believe that serving as an expert witness in financial-related matters requires special experience and training that goes well beyond simply crunching the numbers.  Our experts stay in close contact with our clients’ counsel as they develop their conclusions to ensure there are no surprises when reports are delivered.  Through solid analysis and thorough supporting validation for their conclusions, the experts at ORBA are fully prepared for discovery and testimony at deposition.

We routinely assist counsel in crafting discovery requests, formulating strategy, reviewing documents, mining data and preparing for deposition of witnesses.  If the case is not settled, ORBA experts have testified extensively at both jury and bench trials, as well as before arbitration panels.  We have provided testimony in seven federal districts, United States Tax Court and in five different state jurisdictions

We have significant experience in a wide range of matters including:

  • Shareholder disputes
  • Post-acquisition issues
  • Breach of contract claims
  • Professional malpractice
  • Fraud (both civil and criminal)
  • Post-employment matters involving non-solicitation and non-competition agreements
  • Accounting standards
  • Construction delays
  • Business interruption
  • Business valuation issues
  • Marital dissolution

ORBA’s broad industry experience includes engagements in the following sectors:

  • Manufacturing and Distribution
  • Financial Services
  • Industrial Services
  • Consumer Products
  • Food and Beverage
  • Healthcare
  • Construction
  • Government Contracting
  • Not-For-Profit
  • Banking/Financial Institutions
  • Retail

ORBA’s seasoned experts hold significant professional credentials from recognized authoritative bodies. Our staff includes individuals who have earned Certified Public Accountant (CPA), Certified Fraud Examiner (CFE), Certified in Financial Forensics (CFF) and Certified Valuation Analyst (CVA) designations.

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