Sponsored Podcast (Counsel CPAs): CPA for Law Firms: Emil Abedian on Legal Bookkeeping, IOLTA, & CLIO Setup

If you're searching for a trusted CPA for law firms, this episode with Emil Abedian is the resource you've been looking for.Founder of Council CPAs & Advisors, Emil specializes in working exclusively with law firms, offering tailored financial strategies that go beyond compliance and into meaningful growth.In this conversation, we dive deep into how Emil helps legal professionals overcome their most pressing challenges — from bookkeeping for lawyers to IOLTA reconciliation, CLIO setup, and shifting from an attorney mindset to a business growth mindset.👉 Whether you're a solo practitioner or run a firm with hundreds of employees, Emil shares insight on how to:Fix unreliable financial systemsLeverage a flat fee billing model for better client relationshipsUse AI in accounting to reduce inefficienciesBuild a strategic partnership with your CPA to unlock real business valueIf you’ve been asking:How do I find a CPA that understands law firms?Why is my cash flow unpredictable?How do I avoid costly IOLTA mistakes?Can I scale without losing control of my finances?✅ This episode has the answers, with wisdom from a CPA who’s helped law firms grow from startup to 200+ employees. You’ll walk away with actionable tips, mindset shifts, and systems that actually work — all delivered by someone who lives and breathes legal accounting.https://www.counselcpas.com00:00 - Intro and Emil Abedian’s background01:50 - Why Emil works exclusively with law firms03:10 - Transforming CPA relationships into business partnerships05:00 - The #1 financial issue holding law firms back06:45 - Mindset shift: from lawyer to business owner08:30 - The importance of accurate data for growth10:00 - IOLTA trust account reconciliation explained12:00 - How Council CPAs helps with CLIO setup & billing14:10 - The rise of flat fee billing for law firms16:00 - AI in accounting: threat or opportunity?18:20 - Strategic partnerships that drive legal growth20:00 - Success stories and who Emil works with21:40 - How to connect with Emil AbedianTo check out the YouTube (video podcast), visit: https://www.youtube.com/@drchrisloomdphdDisclaimer: Not advice. Educational purposes only. Not an endorsement for or against. Results not vetted. Views of the guests do not represent those of the host or show.  Click here to join PodMatch (the "AirBNB" of Podcasting): https://www.joinpodmatch.com/drchrisloomdphdWe couldn’t do it without the support of our listeners. To help support the show:CashApp- https://cash.app/$drchrisloomdphdVenmo- https://account.venmo.com/u/Chris-Loo-4Spotify- https://podcasters.spotify.com/pod/show/christopher-loo/supportBuy Me a Coffee- https://www.buymeacoffee.com/chrisJxClick here to schedule a 1-on-1 private coaching call: https://www.drchrisloomdphd.com/book-onlineClick here to check out our bookstore, e-courses, and workshops: https://www.drchrisloomdphd.com/shopClick here to purchase my books on Amazon: https://amzn.to/2PaQn4pFollow our YouTube channel: https://www.youtube.com/chL1357Follow us on Twitter: https://www.twitter.com/drchrisloomdphdFollow us on Instagram: https://www.instagram.com/thereal_drchrislooFollow the podcast on Spotify: https://open.spotify.com/show/3NkM6US7cjsiAYTBjWGdx6?si=1da9d0a17be14d18Subscribe to our email list: https://financial-freedom-podcast-with-dr-loo.kit.com/Thank you to all of our sponsors and advertisers that help support the show!Financial Freedom for Physicians, Copyright 2025