Law Firm Advisory
Get back to Lawyering with the confidence that CloudAct is your Trusted Partner. Don’t Settle For Status Quo!
Simplifying The Processes
CloudAct simplifies things to the barest minimum to provide a simple and hassle free experience using leading technology.
Helping You Succeed
CloudAct is committed to support you and your law practice to reach the full potential and continue to grow.
Year-Round Relationship
We develop a year-round relationship with multiple touch-points for your evolving business and financial situations.
How can we help?
Law firms of all sizes have always struggled to gain clarity into their financial performance CloudAct totally understands that. We’re here to help you navigate through the maze.
Legal Bookkeeping
Law Society Spot Audit Support
Strong experience in working with Law Society Auditors. Reducing stress for lawyers and law firms.
Migration to Cloud & Technology Integration
Worked on numerous cloud migration. Creating seamless data flow between practice management, accounting, and various Legal Tech.
Law Firm Long-Term Strategic Planning
Prepared many strategic plans to support growth strategy. Detailed plan factoring various scenarios.
Law Firm Dashboard —Financial and Non-Financial Metrics
Experience in developing insightful detailed KPIs. Simple, clear, easy and common sense metrics to better assess the performance of the law firm.
Law Firm Process Improvement
Law Firm Tax Compliance
CRA Audit — Excise and Income Taxes
Partner buy-outs/buy-ins, Partner Retirement Planning
Lawyers' — Personal TaxReturns, New Partner Tax Assistance
Law Firm and Lawyers' TaxPlanning and Structuring
Law Practice Purchase and Sales, Post-Merger Integration
Hands-on transaction advisory experience for smooth deal execution. Post-transaction integration and synergy realization.
How it works?
Discovery Discussion
“Sit down” over the phone or in-person understand your business, your goals and your issues. We are always interested in learning about your law firm and pain points.
Determine Your Needs
Discuss where and how we help address your pain points to power your law firm to success. We have seen it all (almost everything), so we are equipped to handle anything that comes out way.
Develop Tailored Solution
Design a customized approach for your law firm using CloudAct expertise. We believe there is no One size does not fit all solution. Every law firm is unique. Your solution should be tailored to those needs.
Provide 360 Degree Solution
Multiple touch points throughout the year–to support law firm’s dynamic requirement from legal accounting, financial statements, tax compliance to tax planning.
Client Experience
We’re huge fans of Mayur and his team at CloudAct. They have been instrumental in supporting our law firm’s books and records for monthly reporting. In addition, they are constantly advising us on broader system, accounting, finance and taxation issues (HST, Law Firm Returns and Personal Tax Returns).
They are always organized and on top of things. As a thriving and growing law firm, we must focus on business operation and CloudAct takes care of everything else (which is a massive sigh of relief).
I highly recommend working with CloudAct for all finance and operational aspects of your law firm.
We hired CloudAct a few years ago for our law firm’s growing accounting, bookkeeping and business consulting needs. I’ve worked with many accounting firms over the last 20 years and CloudAct really stands-out because they tailored their process to meet the business needs of our modernized cloud-based system (while other firms would only work exclusively with outdated systems like PC Law or QuickBooks). CloudAct’s response-times are very fast, often within an hour or two (if not instantly).
Their quality of work and advice is top-notch because Mayur genuinely cares for our business, which is why they’ve been an amazing partner. I highly recommend CloudAct.
Monkhouse Law has significantly grown for the past few years. CloudAct worked with us to assess our existing process and system and then support us to migrate to a new accounting and practice management system. CloudAct researched, analyzed, and helped lead the implementation of a new system that improved processes by making them more automated and efficient (billing, time tracking, financial metrics etc.). Then CloudAct team worked with my staff to significantly reduce our timeline to complete our monthly legal accounting and ensure our processes are “right-sized” for our mid-size firm.
Recently we were named Toronto’s fastest growing law firm in the Globe and Mails’ top 400 Fastest Growing Canadian companies, and Mayur was instrumental supporting us for that. It’s very common for CloudAct to go an extra mile to help their client succeed.