Get documents about "Law School Outline, Employee Benefits
Description
Law School Outline, Employee Benefits document sample
Document Sample
Altman Weil Publications, Inc. 2008 SLFE
Altman Weil's Survey of Law Firm Economics, 2008 Edition
Electronic Submission Form
Due date: April 18, 2008
Instructions for Electronic Submission of Data: Responses can be submitted electronically this year. All that is required is an
Internet connection and Microsoft® Excel. Please read this page in full before proceeding. You will need to return to this page upon
completion of the questionnaire to submit your final responses.
The electronic submission process consists of two parts. The first part requires you to complete a Microsoft® Excel form-enabled
workbook consisting of thirteen worksheets (see tabs). This is the file you are currently reading. We recommend you save this file
locally NOW using FILE>SAVE AS, close, and reopen the file from the saved location--make note of where you save this file. It is
important that you insert your responses on the form that you saved locally. You can open and close the file from your system as many
times as you need, just ensure you save your work before closing.
IMPORTANT NOTE: This form contains macros required to complete and submit your data. Some individuals may need to adjust their
security settings to "medium" in order to proceed, see TOOLS>MACRO>SECURITY on the Excel toolbar. After changing the security
setting to "medium", close and reopen the file, then select enable macros when prompted.
FINAL SUBMISSION PROCESS: Upon completion of the Microsoft® Excel workbook, open your Internet connection to electronically
submit your data. The submission process utilizes 128-bit encryption, the highest level of protection modern Internet browsers support.
Once you open and confirm your Internet connection, please click the “Submit Completed Form” button below. You need only to submit
the survey once. You will receive an email confirming receipt of your submission. If you do not receive an email confirmation please
check your spam filters first, then contact Customer Care (888) 782-7297 or email askpublications@altmanweil.com.
6e518dbe-708a-4f80-ad42-dda658562c2f.xls General Instructions 1 of 26
Altman Weil Publications, Inc. 2008 SLFE
Note: Please use the space below to communicate any additional information you feel we might need to complete your submission.
Type Comments Below:
Comments:
6e518dbe-708a-4f80-ad42-dda658562c2f.xls General Instructions 2 of 26
Altman Weil Publications, Inc. 2008 SLFE
Section 1a: Participant Information
All participants will receive an Executive Summary via email. Please ensure the correct contacts are provided below.
Firm Name:
MailCode*:
*Enter the MailCode provided on above your name on the back of the hardcopy questionnaire or on the
reminder note mailed to you.
Contact to Receive Executive Summary
Name:
Title:
Address:
City:
State Abbreviation:
Zip Code:
Phone / Extension:
Fax:
Email Address*:
*Please note that the Executive Summary will be delivered to the email address provided above.
Do you agree to give Altman Weil Publications, Inc. permission to email various communications that may
include other survey and marketing initiatives?
Yes No
If the person completing this questionnaire is different than above, please complete the following:
Name:
Title:
Phone / Extension:
Fax:
Email Address:
Address (if different than above):
City:
State Abbreviation:
Zip Code:
Do you agree to give Altman Weil Publications, Inc. permission to email various communications that may
include other survey and marketing initiatives?
Yes No
Proceed to Tab 1b: Order Form
6e518dbe-708a-4f80-ad42-dda658562c2f.xls 1a Participant Information 3 of 26
Altman Weil Publications, Inc. 2008 SLFE
Section 1b: Order Form
* Custom Reports include individual firm data along with survey benchmarks. Custom reports are free to all participants who purchase the
survey. Non-participants may also purchase a Custom Report.
Participant Price Non-Participant Price
Standard Custom Standard Custom Your
Available Products: Report Report* Report Report* Order $
Survey of Law Firm Economics
Includes all participating law firms except solo practitioners (Enter $ amount)
CD-ROM Adobe® PDF Version N/A $750.00 $895.00 $1,495.00
Hardcopy Binder Version N/A $875.00 $1,025.00 $1,695.00
Both CD-ROM and Binder N/A $950.00 $1,125.00 $1,895.00
Small Law Firm Economic Survey
Includes all participating law firms with 20 lawyers or less
CD-ROM Adobe® PDF Version N/A $425.00 $495.00 $850.00
Hardcopy Binder Version N/A $450.00 $550.00 $895.00
Both CD-ROM and Binder N/A $500.00 $595.00 $995.00
Please enter Coupon code for additional savings Subtract
Shipping and handling Add $17.50
Subtotal $17.50
Sales Tax: Businesses in the state of PA add 6%; in
Philadelphia and Allegheny Counties add 7% Add
Total $17.50
Payment Info: Please bill me
I am mailing a check made payable to Altman Weil Publications, Inc.
Note: Please print this page as well as tab "1 Participant Information" to
mail with your payment.
Charge my Visa, MasterCard or American Express
Note: A Customer Care representative wil be in touch to process your
credit card information.
Contact Information:
Altman Weil Publications, Inc. Two Campus Boulevard, Suite 200 Newtown Square, PA 19073
Fax: 610-359-0467 Phone: toll-free 888-782-7297 Email: askpublications@altmanweil.com
Proceed to Tab 2: Firm Profile
6e518dbe-708a-4f80-ad42-dda658562c2f.xls 1b Order Form 4 of 26
Altman Weil Publications, Inc. 2008 SLFE
Section 2: Firm Profile
Instructions: If your firm has two or more offices, please submit only one questionnaire per firm. DO NOT report foreign branch
office data within the questionnaire.
1. Identify the type of firm information to follow in this questionnaire.
Headquarters only
(Select one response.)
Headquarters with branch offices
Single office
Multiple offices in one metro area
Sole practitioner
# of branch offices (if applicable)
2. Describe your firm's type of organization. (Select one response.) Sole Proprietorship
Partnership (may include individual PCs)
Professional Corporation/Association
Professional Corporation with "S" election
Limited Liability Company (LLC)
Professional Limited Liability Company (PLLC)
Limited Liability Partnership
Professional Limited Liability Partnership (PLLP)
Other (please explain below)
Other:
6e518dbe-708a-4f80-ad42-dda658562c2f.xls 2 Firm Profile 5 of 26
Altman Weil Publications, Inc. 2008 SLFE
3. If more than 50% of revenues are derived from any ONE specialty area, Banking
identify your firm's specialty. (Leave blank if not applicable; select one
Bankruptcy
response if applicable.)
Civil Trial Practice
Collections
Commercial litigation
Corporate/Commercial (non-litigation)
Criminal
Environmental
Family
Government
Healthcare
Immigration
Insurance defense litigation
International
Intellectual Property/Patent
Labor/Employment
Legislative
Maritime/Admiralty
Mergers and Acquisitions
Municipal/Public finance
Plaintiffs' Contingency Litigation
Real Estate and Land Use
Securities
Taxation
Trusts/Estates
Utilities/Energy
Other (please describe below)
6e518dbe-708a-4f80-ad42-dda658562c2f.xls 2 Firm Profile 6 of 26
Altman Weil Publications, Inc. 2008 SLFE
Other:
Proceed to Tab 3a: Income Statement
6e518dbe-708a-4f80-ad42-dda658562c2f.xls 2 Firm Profile 7 of 26
Altman Weil Publications, Inc. 2008 SLFE
Section 3: Financial Profile/Cash Basis Income Statement
Instructions: Report financial information for last complete fiscal year on a firm-wide basis. In order to complete this
worksheet, you will need a year-end financial statement or the firm’s tax return. If you use the Altman Weil Chart of Accounts
(see tab), you can follow the account numbers provided in parentheses in the instructions for each line item. Use the cash
basis of accounting. Compensation is defined to include all of the following items: salary, bonus and benefits. Benefits
include employer payroll taxes, group insurance premium, medical reimbursements, retirement plan contributions, workers'
compensation, and other mandatory insurance paid by the firm. If you have difficulty breaking out the total benefits for each
category of employee, please see worksheet "Supplemental Benefit Calculator."
Detailed instructions are available for some cells; please review the comments indicated by the red triangle in the upper-right corner.
Gross Receipts
Expenses
Lawyer Compensation: two categories
Shareholders
All other salaried lawyers
Paralegal compensation
Secretarial, clerical and all administrative compensation
Occupancy
Equipment lease, maintenance and depreciation
Reference material
Malpractice
Promotion and marketing
Payments to former partners/shareholders and inactive Of Counsel
All other expenses
Gross Profit $0.00
Proceed to Tab 3b: Balance Sheet
6e518dbe-708a-4f80-ad42-dda658562c2f.xls 3a Income Statement 8 of 26
Altman Weil Publications, Inc. 2008 SLFE
Section 3: Financial Profile/Year-end Cash Basis Balance Sheet
Instructions: Exclude escrow and trust a/c assets and liabilities. Partnerships should
record undistributed year-end profits as a liability. Reclassify loan to/from owners as
capital. Complete ONLY if reported on a cash basis.
Assets
Current Assets
Client costs advanced
Fixed Assets
Other Assets
Total Assets $0.00
Liabilities
Debt and capitalized leases
Obligations to deceased and retired partners
Other Liabilities
Undistributed current year profits for partnerships
Total Liabilities $0.00
Permanent Capital or Shareholder Equity $0.00
Proceed to Tab 3c: Other Assets & Realization
6e518dbe-708a-4f80-ad42-dda658562c2f.xls 3b Balance Sheet 9 of 26
Altman Weil Publications, Inc. 2008 SLFE
Section 3: Financial Profile/Other Assets at Year-end & Realization
Work-in-Progress (unbilled time)
Contingent fee matters
Non-contingent fee matters
Total WIP $0.00
Collectible Accounts Receivable, fees only
Dollar value of fees receivable written off
Realization
Report the total dollar value of time taken out or relieved from work-
in-progress (unbilled time) for matters during the 12-month period.
The number reported below is prior to making adjustments for write-
downs, write-offs and other adjustments.
Computed using STANDARD RATES
Computed using ACTUAL RATES
Report your fee billings for the 12-month period.
Proceed to Tab 4: Staffing Profile
6e518dbe-708a-4f80-ad42-dda658562c2f.xls 3c Other Assets & Realization 10 of 26
Altman Weil Publications, Inc. 2008 SLFE
Section 4: Staffing Profile
Instructions: Please include individuals employed directly by the firm and through temporary agencies or on a contract basis. Do not include staff on-
site in outsourcing arrangements that cover entire functional areas, such as, mailroom, messenger service, etc.
FTE Definition: A full-time equivalent (FTE) is defined as a function of the amount of time with the firm and the employment status of an individual
during a complete fiscal year. For example, a part-time employee working three days per week for the full-year represents “.6”. New full-time hires
employed mid-year count as “.5”. A part-time new hire working three days a week hired mid-year counts as “.3”. Adjust for others who left or were
added in a similar manner.
Number of FTEs for
last complete fiscal
Position year (entire firm)
Equity Partners/Shareholders/Proprietors
Non-equity Partners/Salaried Partners/Non-participating partners
Associates/Patent Agents
Staff Lawyers
Contract/Temp Lawyers
Counsel working actively
Paralegals
Administrative Assistants/Legal Secretaries
Technology Employees
Finance/Accounting Employees
Administrative and Clerical Employees
All Other Staff
Total Firm FTE Contingent 0.000
6e518dbe-708a-4f80-ad42-dda658562c2f.xls 4 Staffing Profile 11 of 26
Altman Weil Publications, Inc. 2008 SLFE
Instructions: Enter the following data as it applies to the 2008 law school graduates whom the firm expects to employ in 2008.
Number of offers
Average starting salary
Average signing bonus
Proceed to Tab 5a: Instructions Lawyer Info
6e518dbe-708a-4f80-ad42-dda658562c2f.xls 4 Staffing Profile 12 of 26
Altman Weil Publications, Inc. 2008 SLFE
Instructions for Section 5: Individual Lawyer Information for 2007 (fee earners only)
Instructions: Please read the following instructions prior to completing the worksheet "5b Individual Lawyer Info".
Include all lawyers employed during 2007. Provide exact numbers. Do not estimate.
Column A Line number Individual lawyer line number.
Column B Year Admitted to Bar Enter the year first admitted to the Bar in any state as a four-digit number.
Column C Status Code Use code to indicate status at year-end as follows (*note change – paralegal data is
collected using the Annual Compensation Survey for Paralegals/Legal Assistants and
Managers, visit www.altmanweilpubs.com for more information).
10 Equity Partner/Shareholder/Proprietor
11 Non-equity Partner/Salaried Partner/Non-participating Partner--Any individual who is held
out to the public as a partner or principal, but is clearly in a separate class that is
characterized as having lower capital contribution requirements, lesser voting rights and
lesser economic risk or reward potential. May be classified as either a W-2 employee or
K-1 partner for tax purposes.
20 Associate Lawyer--A lawyer employed by the firm who is understood to be in a program
leading to consideration for partnership or shareholder status, or who has been so
considered.
21 Staff Lawyer--A lawyer employed by a law firm who is hired with the understanding that
the position will not lead to consideration for ownership status.
30 Of Counsel--An individual working actively; normally over 800 billable hours.
50 Sole Practitioners
Column D Activity Code Use code to designate level of employment activity during 2007.
PT Part-time
M Significant management responsibilities; requires an annual commitment of 500 hours or
more.
L Leave of absence with pay
Blank Full-time
Column E Salary (or draw if partner) For partnerships and proprietorships: Report partner’s or proprietor's draw including
guaranteed payments. (If your records do not provide you with data to separate partner
compensation into three components [draw, cash distribution and benefits/distribution in
kind], then record the partner’s K-1 income in column D and indicate N/A in columns E
and F.) For professional corporation/associations: Report salary paid before voluntary
before-tax employee reductions for: 401(k) plans, flexible spending accounts; other
qualified flexible benefit programs.
6e518dbe-708a-4f80-ad42-dda658562c2f.xls 5a Instructions Lawyer Info 13 of 26
Altman Weil Publications, Inc. 2008 SLFE
Column F Bonus (or distribution in cash if partner) Report cash bonuses paid during 2007. For partnerships: Report the remainder after
subtracting the draw reported in Column E and benefits paid in Column G from the
partner’s K-1 income. For professional corporations/associations : The total of salary
plus cash bonuses should equal gross W-2 wages paid before voluntary before-tax
employee reductions for: 401(k) plans, flexible spending accounts; and other qualified
flexible benefit programs. For “S” corporations: In addition to bonuses reported through
wages, report the shareholder’s share of any income or loss as reflected on the
shareholder’s K-1 from the “S” corporation.
Column G Benefits (or distribution in kind if partner) See worksheet "Supplemental Benefit Calculator" for detailed instructions on benefit
calculations if unable to provide on an individual basis.
Column H Chargeable Hours Report hours recorded during the reporting year that were chargeable to clients (i.e.,
billable work). Show hours only for those persons who regularly report billable hours.
Omit if you do not have complete records.
Column I Standard Hourly Rate Show each individual’s most commonly assigned (standard) hourly rate on 1/1/2008.
Column J Practice Area Specialty Code Choose one practice area code for each lawyer. An individual must spend 50% or more
of their billable time in this area. List only one code for each individual; for others,
use the designation that includes multiple specialties or multidisciplinary.
Non-litigation Practice Area Specialty Code 100 Administrative/Legislative/Regulatory
101 Banking
102 Bankruptcy
103 Collections
104 Commercial/Contracts
105 Education
106 Employee Benefits (ERISA)
107 Employment (FLSA, ADA, ADEA)
108 Environmental
109 Family Law/Domestic Relations
110 General Business
111 Health Care
112 Insurance
113 Intellectual Property
114 International
115 Labor/Collective Bargaining (Management)
116 Labor/Collective Bargaining (Union)
117 Maritime
118 Mergers/Acquisitions
6e518dbe-708a-4f80-ad42-dda658562c2f.xls 5a Instructions Lawyer Info 14 of 26
Altman Weil Publications, Inc. 2008 SLFE
119 Municipal Finance
120 Natural Resources (oil, gas, coal, timber)
121 Real Estate
122 Securities
123 Taxation
124 Trusts/Estates/Probate
125 Utilities
126 Other Non-litigation Specialty
127 Multiple Non-litigation Specialties
Litigation Practice Area Specialty Code 200 Antitrust
201 Bankruptcy
202 Collections
203 Commercial/Contracts
204 Criminal
205 Education
206 Insured Defense
207 Self-insured Defense
208 Employee Benefits (ERISA)
209 Employment (FLSA, ADA, ADEA)
210 Environmental
211 Family Law/Domestic Relations
212 Health Care
213 Intellectual Property
214 International
215 Labor/Collective Bargaining (Management)
216 Labor/Collective Bargaining (Union)
217 Maritime
218 Natural Resources (oil, gas, coal, timber)
219 Personal Injury
220 Products Liability
221 Real Estate
222 Securities
223 Taxation
224 Trusts/Estates/Probate
225 Workers' Compensation
6e518dbe-708a-4f80-ad42-dda658562c2f.xls 5a Instructions Lawyer Info 15 of 26
Altman Weil Publications, Inc. 2008 SLFE
226 Other Litigation Specialty
227 Multiple Litigation Specialties
Multidisciplinary Practice Area Specialty Code 300 Multidisciplinary--no one area counts for more than 50% time.
Column K Employment Period (Partial Year) Please use a "1" to indicate individual was employed for only part of the year (new hire,
resignation or termination).
Column L Zip Code Zip Code of work location for lawyer; report only if different from that of headquarters
location.
Proceed to Tab 5b: Individual Lawyer Info
6e518dbe-708a-4f80-ad42-dda658562c2f.xls 5a Instructions Lawyer Info 16 of 26
Altman Weil Publications, Inc. 2008 SLFE
Section 5: Individual Lawyer Information for 2007--(fee earners only)
Please enter the name of your firm below to ensure proper coding.
Name of Firm:
When complete proceed to Tab 6: Staff Earnings Info
(A) (B) (C) (D) (E) (F) (G) (H) (I) (J) (K) (L)
Employed
Standard less than
Year 2007 Bonus 2007 Benefits 2007 Hourly Rate full-year? Zip if
Admitted Status Activity 2007 Salary (or distribution in (or distribution in Chargeable as of Specialty (use "1" different than
Line # to Bar Code Code (or draw if partner) cash if partner) kind if partner) Hours 1/1/2008 Code for "yes") headquarters
6e518dbe-708a-4f80-ad42-dda658562c2f.xls 5b Individual Lawyer Info 17 of 26
Altman Weil Publications, Inc. 2008 SLFE
Section 6: Earnings Information for Staff in 2007
Instructions: Please use the following instructions to complete the grid below. Report the total dollar earnings as
reported on the W-2 form before voluntary before-tax employee reductions. Provide aggregated information for each
position defined below pertinent to your firm. It may be the case that you have individuals that do not match any one
of these categories or perhaps fill the role of multiple positions, if so, please do not report.
Total
Number of
Status FTE Total Wages for
Position Title Code Incumbents Position Category
Legal Administrator 60
Administrative/Office Manager 61
Branch Office Manager 62
Comptroller/Finance Director 70
Accounting Manager 71
Risk Manager 72
Accounting Supervisor 73
Accounting Clerk/Bookkeeper 74
Information Services Director 80
Network Administrator 81
Technology, Help Desk and Training Positions 82
Human Resources Manager 90
Benefits, Recruiting and Other HR Clerical Positions 91
Chief Marketing Officer/Marketing Director 100
Marketing Manager 101
Marketing Coordinator 102
Marketing Assistant 103
Library Manager 110
Manager of One-Person Library 111
Library Clerk 112
Administrative Assistant/Legal Secretary 120
Office Services Manager 130
Word Processing Operator 131
Records/File Room Clerk 132
Document Processing/Duplication Positions 133
6e518dbe-708a-4f80-ad42-dda658562c2f.xls 6 Staff Earnings Info 18 of 26
Altman Weil Publications, Inc. 2008 SLFE
Mailroom Positions 134
Messenger 135
Receptionist/Telephone Operator 136
The questionnaire is complete. Thank you for your time! Be sure to return to Tab "General Instructions" to submit your responses.
6e518dbe-708a-4f80-ad42-dda658562c2f.xls 6 Staff Earnings Info 19 of 26
Altman Weil Publications, Inc. 2008 SLFE
Supplemental Worksheet Instructions for Benefit Calculations
Instructions: If you are unable to determine benefit amounts by individual, you may use any of the following methodologies to calculate benefit
amounts required for completion of worksheets "3a Income Statement" and "5b Individual Lawyer Info". Please note that any work performed
on this page is for your use only and is not electronically submitted into the database.
For partnerships and proprietorships: Report distribution in kind (firm payments for benefits on behalf of the partner).
For professional corporation/associations: Report nontaxable benefit costs, which include: qualified profit sharing plans, life, health and
disability insurance, medical reimbursement plans, employer payroll taxes (including FICA) and pension contributions. Exclude auto, parking,
memberships, and CLE expenses.
There are three basic methods for supplying employee benefits information for the survey.
Method 1: Calculate for each individual a dollar figure based on the sum of the following benefits:
a. Employer portion of FICA;
b. Employer payments for: health insurance, life insurance, disability insurance, medical reimbursement, retirement/profit sharing; and,
c. Employer contributions for unemployment compensation and workers’ compensation.
Method 2: a. Divide benefits into per capita and compensation-based costs as follows:
Compensation-based [A] Per Capita-based [B]
FICA, WC, UC Health Insurance
Life Insurance Medical Reimbursement
Disability Insurance
Retirement
b. Determine the % of compensation dollars for [A] benefits and per-capita cost of [B] benefits.
c. Multiply the sum of columns E plus F on worksheet "5b Individual Lawyer Info" by the % for [A] benefits and add the cost of [B] benefits.
d. This may be calculated in aggregate for all individuals or by using the classes shown in Method 3 below.
Method 3: Calculate averages for each class of employee. Then list the average for each individual in that class on the questionnaire.
Compute the total costs of the detailed expenses to include:
6e518dbe-708a-4f80-ad42-dda658562c2f.xls Supplemental Benefit Calculator 20 of 26
Altman Weil Publications, Inc. 2008 SLFE
Shareholders Associates Paralegals Other fee earners Total
FICA
Health Insurance
Life Insurance
Disability Insurance
Medical Reimbursement
Retirement
Unemployment Comp
Workers’ Comp.
Total $0.00 $0.00 $0.00 $0.00 $0.00
No. of FTE’s
Average/FTE #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
6e518dbe-708a-4f80-ad42-dda658562c2f.xls Supplemental Benefit Calculator 21 of 26
Altman Weil Publications, Inc. 2008 SLFE
Recommended Chart of Accounts for Clients and Survey Participants of Altman Weil, Inc. - January 2007
For Reference Only
The types of assets, categories of liabilities, sources of income and the nature of expenditures of law firms are basically similar, regardless of size or
specialty. To facilitate the comparison of various firms, Altman Weil, Inc. has developed a standard format for law firm accounts.
This standard chart of accounts draws from A Model Chart of Accounts published in 1990 by the Section of Law Practice Management of the American Bar Association, which contains
detailed explanations of many of the accounts and terms used herein. To the extent practical, the account numbers from that publication are used herein, but numbers are not identical in
all cases. The basic outline of this chart, that is, the categories of assets, liabilities, income and expenditures, will fit firms of every size, proprietorships, partnerships and corporations.
The simplest structure is that represented by the accounts printed in CAPS, which could easily meet the needs of a solo or very small law office. As firms grow, greater breakdown and
specificity may be appropriate. The accounts shown herein will suffice for many law firms. Additional detail can be obtained by using the subaccount codes as shown below. If analysis
by department is desired then the account structure must expand to report by office. Multi-office firms will most likely want to add reporting capability by office, which must then be
incorporated into the account structure. Those firms with a need for a full account code structure should obtain a copy of the ABA publication previously mentioned.
Items marked * apply only to professional corporations/associations, and should be disregarded by lawyers practicing in other forms.
ASSETS
100 Cash 160 Fixed Assets
101.00 Operating account 161.00 Furnishings and fixtures
102.00 Payroll account 162.00 Leasehold improvements
103.00 Savings account 163.00 Library
104.00 Petty cash 164.00 Equipment
110 Client Trust Accounts 164.10 Reproduction
111.00 Funds held in trust 164.20 Communication
112.00 Liability for funds held in trust 164.30 Computer
120 Short-term Investments 164.31 Software
121.00 Treasury securities 164.90 Other
122.00 Other marketable securities 165.00 Building
130 Client Costs Advanced 167.00 Other depreciable fixed assets
131.00 Disbursements for clients - unbilled 168.00 Land
132.00 Disbursements for clients - billed 169.00 Non-depreciable fixed assets
140 Advances, Receivables, Deposits 170 Reserve for Depreciation and Amortization (subaccounts
141.00 Expense advances should repeat fixed assets above)
142.00 Deposits (refundable) 190 Other Long-term Assets
143.00 Employee notes and loans receivables 191.00 Cash surrender value of life insurance owned by firm
144.00 Partners (officer) notes and loans receivables 192.00 Miscellaneous securities
149.00 Miscellaneous 193.00 Joint ventures
150 Other Current Assets 194.00 Real estate investments
6e518dbe-708a-4f80-ad42-dda658562c2f.xls Chart of Accounts 22 of 26
Altman Weil Publications, Inc. 2008 SLFE
151.00 Prepaid insurance 199.00 Other
159.00 Other current assets
LIABILITIES AND CAPITAL (*EQUITY)
200 Employee Tax Liability 220 Accrued Pension Contributions
201.00 Federal income tax withheld
202.00 State income tax withheld 230 Accrued Income Taxes
203.00 Employee payroll taxes withheld
203.10 Social Security tax withheld 240 Accrued Client Costs
203.20 Medicare tax withheld
204.00 Employer payroll taxes accrued 250 Loans Payable
204.10 Social Security tax accrued
204.20 Medicare tax accrued 260 Capital Lease Obligations
205.00 Federal unemployment tax accrued
206.00 State unemployment tax accrued 270 Client Deposits & Other Credit Balances
207.00 Local income taxes withheld
209.00 Other employee taxes withheld 290 Obligations to Deceased, Retired and Withdrawn Partners
210 Employee Withholdings
211.00 Hospitalization withholdings 300 Partners' Capital Accounts (*Capital Stock)
212.00 Life insurance withholdings
213.00 FSA healthcare withholdings 310 *Paid-in Capital
214.00 FSA dependent-care withholdings
215.00 Employee pension plan contributions withheld 320 *Treasury Stock
219.00 Other
330 Partners' Current Accounts (*Retained Earnings)
REVENUE
400 Fees From Legal Services 424.20 Word processing
Sub accounts should be used for each practice area 424.30 Messenger
410 Other Fee Revenue 424.90 Other
411.00 Board of Directors fees 430 Other Earned Revenue
412.00 Executor (rix) fees 431.00 Teaching income
413.00 Administrator fees 432.00 Publishing royalties
414.00 Conservators fees 433.00 Speaking honoraria
415.00 Guardian fees 434.00 Subscription income
420 Revenue From Other Services 440 Other Income
421.00 Word processing/secretarial document creation charges 441.00 Interest income
422.00 Librarian and other internal research charges 442.00 Dividend income
423.00 Internal messenger charges 443.00 Gain on sale of investments
424.00 Overtime recovery 444.00 Gain on sale of fixed assets
424.10 Secretarial 445.00 Rental income
6e518dbe-708a-4f80-ad42-dda658562c2f.xls Chart of Accounts 23 of 26
Altman Weil Publications, Inc. 2008 SLFE
EMPLOYEE COSTS
500 *Officer Compensation 750 Administrative Expenses
501.00 Officers 751.00 Travel and accommodations
501.10 Salaries 752.00 Travel related meals
501.20 Bonuses 753.00 Education
510 Other Employed Lawyer Compensation 754.00 Employer lunchroom/coffee/soda/snacks
511.00 Associate compensation 755.00 Office entertainment
511.10 Salaries 756.00 Employer gifts/flowers
511.20 Bonuses 760 Non-lawyer Hiring Expenses
512.00 Of Counsel compensation 761.00 Agency fees
513.00 Contract associate compensation 762.00 Employment advertising
514.00 Temporary lawyer compensation 763.00 Employee relocation
520 Non-lawyer Legal Staff 764.00 Travel, lodging and subsistence
521.00 Summer associate compensation 764.10 Employees on recruiting trips
521.10 Salaries 764.20 Recruits for interviews
521.20 Bonuses 770 Communication Expenses
521.30 Overtime 771.00 Telephone
522.00 Legal assistant compensation 771.10 Local service
523.00 Law clerk compensation 771.20 Long distance
529.00 Other non-lawyer legal staff compensation 772.00 Client reimbursement for telephone
530 Secretary and Word Processing Compensation 773.00 Telex, facsimile and email costs
531.00 Secretary compensation 774.00 Client reimbursement for telex, facsimile & email costs
532.00 Word processing compensation 775.00 Postage
540 Other Administrative Staff Compensation 776.00 Client reimbursement for postage
541.00 Exempt personnel compensation 777.00 Courier and delivery services
542.00 Non-exempt personnel compensation 778.00 Client reimbursement for courier/delivery
560 Mandatory Employee Benefits 780 Miscellaneous Office Expenses
561.00 Social Security taxes 781.00 Plants and Flowers
561.10 Officers 789.00 Other
561.20 Associates 800 Professional Expenses
561.30 Of Counsel 801.00 Associate expenses
561.40 Other legal staff 801.10 Bar association dues
561.50 Secretary/Word processing 801.11 Professional association dues
561.60 Other administrative staff 801.20 Association travel/accommodations
562.00 Medicare Taxes 801.30 Association meals
563.00 FUTA/SUT 801.90 Other association expenses
564.00 WC insurance 802.00 Firm meetings/retreats
570 Discretionary Employee Benefits 802.10 Travel and accommodations
571.00 Group health/dental/vision 802.20 Meals
572.00 Group life 802.30 Meeting room/equipment rental
573.00 Group disability 802.40 Entertainment
6e518dbe-708a-4f80-ad42-dda658562c2f.xls Chart of Accounts 24 of 26
Altman Weil Publications, Inc. 2008 SLFE
574.00 Medical reimbursement 802.90 Other
575.00 Pension 803.00 CLE
576.00 Supplemental health/dental/vision 803.10 Program fees
577.00 Supplemental life 803.20 Travel and accommodations
578.00 Supplemental disability 803.30 Meals
579.00 Other 803.90 Other
580 Temporary Services 810 Business Development
581.00 Temporary secretarial/word processing 811.00 Club dues and expenses
582.00 Temporary administrative staff 812.00 Attendance/speaking at industry/civic meetings
590 Other Employee Expenses 813.00 Advertising/listings in publications & directories
591.00 Parking 814.00 Public relations
591.10 Regular 815.00 Practice development meals
591.20 Overtime 816.00 Firm publications
592.00 Supper money 819.00 Other
593.00 Cab fare 820 Professional Recruiting
599.00 Other 820.00 Professional staff recruiting travel, accommodations
600 Occupancy Expenses 822.00 Professional staff recruiting meals
601.00 Rent 823.00 Summer associate meals
602.00 Utilities (electricity, water, heat, sewer) 824.00 Other summer associate program costs
603.00 Amortization/depreciation 825.00 Other professional staff recruiting expenses
603.10 Amortization of leasehold improvements 825.10 Recruiting publications
603.20 Depreciation of building 825.20 Recruiting agency fees and advertising
604.00 Maintenance and repairs to premises 825.30 Relocation of new lawyers
605.00 Janitorial and housekeeping expenses 825.90 Other
606.00 Real estate taxes 826.00 Relocation costs for inter-office transfers
607.00 Lease pass-throughs 830 Library/Reference Services
608.00 Insurance (building, contents, general liability, etc.) 831.00 Book purchase
609.00 Other (storage, moving, etc.) 832.00 Depreciation of capitalized books
610 Other Occupancy Expenses 833.00 Periodical subscriptions
611.00 Off-site storage 834.00 Library supplies
612.00 Office relocation 838.00 Outside data base research
619.00 Other 839.00 Client reimbursement
700 Stationery, Printing and Supplies 840 Insurance
701.00 Stationery 841.00 Professional liability
702.00 Printing 841.10 Premiums
703.00 Paper and supplies 841.20 Deductibles
704.00 Computer supplies 841.30 Settlements
710 Furniture/Equipment Rental 849.00 Other
711.00 Office furniture and fixtures 850 Taxes
712.00 Reproduction equipment 851.00 Personal property taxes
713.00 Computer equipment 852.00 State business taxes
713.10 Software 853.00 Local business taxes
6e518dbe-708a-4f80-ad42-dda658562c2f.xls Chart of Accounts 25 of 26
Altman Weil Publications, Inc. 2008 SLFE
714.00 Communication equipment 854.00 Unincorporated business taxes
719.00 Other 860 Professional Services
720 Depreciation of Furniture & Equipment 861.00 Accounting/auditing/tax
721.00 Furniture 862.00 Management consulting
722.00 Reproduction equipment 863.00 Marketing consulting
723.00 Computer equipment 864.00 Legal (for the firm)
723.10 Software 865.00 Pension (for the firm)
724.00 Communication equipment 866.00 Outside payroll services
729.00 Other 867.00 Outside computer services
730 Interest Expense 870 Client Expenses
731.00 Furniture 871.00 Recoverable costs written off
732.00 Reproduction equipment 871.10 Unbilled
733.00 Computer equipment 871.20 Billed
733.10 Software 871.30 Recovery of costs written off
734.00 Communication equipment 878.00 Business meals and entertainment
739.00 Other 878.10 Meals
740 Maintenance and Repair of Furniture & Equipment 878.20 Entertainment
741.00 Furniture 879.00 Business meals/entertainment charged to client
742.00 Reproduction equipment 880 Other Expenses
743.00 Computer equipment 881.00 Loss on sale of investments
743.10 Software 882.00 Loss on disposal of assets
744.00 Communication equipment 883.00 Investment property real estate tax
749.00 Other 884.00 Charitable contributions
890 Income Taxes
891.00 Federal
892.00 State
893.00 Local
6e518dbe-708a-4f80-ad42-dda658562c2f.xls Chart of Accounts 26 of 26
