Time, WIP and billing — measured like a practice.
Practice accounting for law firms, consultancies, engineering and architectural practices — time capture, WIP valuation, partner distributions and IOLTA / trust discipline.
Where professional firms finance actually breaks.
We designed our practice around the everyday realities operators in this sector wrestle with.
Time capture & WIP
Fee earners forget to log time; WIP ages into bad debt.
Trust / client-money accounts
Regulatory obligations for firms holding client funds.
Partner distributions
Profit sharing, drawings and current accounts to manage.
Fee realisation
Standard rates vs realised rates rarely reviewed.
What happens when it's left unattended.
These are the failure modes we most commonly find in the first 30 days of every diagnostic.
WIP write-offs
Uninvoiced time silently written off at year-end.
Trust-account breach
Regulatory sanctions from mishandled client funds.
Partner disputes
Opaque distribution rules damage the partnership.
Under-realisation
Rate leakage eating partner earnings.
How Soteria solves it.
A senior-led engagement model with proven playbooks calibrated to your sector.
Time & billing system
Live WIP valuation, aging and realisation dashboards.
Trust-account controls
Ring-fenced ledgers with three-way reconciliation.
Partner accounts model
Automated profit share, drawings and current-account tracking.
Realisation dashboards
Standard vs realised rates by partner, matter and client.
The engagement mix that actually moves the needle.
Every service listed here can be delivered onsite, virtually or hybrid — bundled into a single monthly retainer.
What our professional firms clients walk away with.
Recovered WIP
Time captured and billed before it ages.
Regulator confidence
Trust accounts that always reconcile.
Healthy partnership
Transparent, formula-driven partner distributions.
Realised rates lift
Standard-to-realised gap measured and closed.
A mid-size commercial law firm
Context. Realisation rate hidden; year-end WIP write-offs ~14%.
What we did. Implemented time & billing platform, WIP aging and realisation dashboards.
“Our partners now review realisation before they review revenue.”
Let's build the finance function professional firms deserve.
Book a complimentary 45-minute strategy session with a Soteria partner. No slides, no sales pitch — a working conversation about your books, your risks and your next move.