Fixed monthly fees
You bill your clients by the hour so they don't have to guess what a matter costs. We don't — every Redwood engagement is a flat monthly or per-partner fee, quoted in writing after a scoping call and a look at your last three months of books.
§ 01 Engagements
Start with the one that matches where your books are today. Moving between them is a conversation at your quarterly review, not a new contract.
Monthly engagements are billed month to month and can be canceled with 30 days' notice.
Engagement I
For firms that keep their own books but want trust accounting done right, every month.
$6,500 billed annually · save $1,300
per month
Additional trust account $95/mo
Engagement II
Your outsourced accounting department — close, trust, matter economics and partner reporting.
$24,000 billed annually · save $4,800
per month
Typical range for 8–40 lawyer firms
Engagement III
Partnership and partner-level tax, coordinated so K-1s, estimates and returns agree.
per partner, per year · not affected by billing period
Billed annually per equity & income partner
Fractional CFO / Enterprise
We scope Fractional CFO engagements individually: a written proposal within five business days, priced flat and reviewed at each renewal — built for firms that have outgrown a standard controller package.
Most Fractional CFO clients invest between $5,000 and $12,000 a month. You'll always know the number before the work begins.
Request a proposal§ 02 Side by side
Everything below is included in the engagement fee. A dash means it's available as an add-on or a separate engagement.
| Feature | Trust Compliancefrom $650 / mo | Firm Controllerfrom $2,400 / mo | Partner Taxfrom $1,200 / partner / yr |
|---|---|---|---|
| Trust & IOLTA accounting | |||
| Three-way reconciliation | |||
| Trust accounts included | Up to 3 | Up to 3 | |
| Bar-audit binder | |||
| Matter economics | |||
| Matter & practice-group profitability | |||
| Realization & WIP aging | |||
| Partner reporting & compensation | |||
| Partner docket & quarterly scorecards | |||
| Capital account maintenance | |||
| Firm & partner tax | |||
| Firm return (1065 / 1120-S) | |||
| Partner 1040s & K-1 coordination | |||
| Multi-state composite / PTE elections | |||
| Controller & CFO | |||
| Monthly close by business day 6 | |||
| Cash forecast & KPI dashboard | |||
| Support | |||
| Named lead professional | |||
| Response time | 2 business days | Same business day | 2 business days |
| Bar-audit support on our work | |||
Need Firm Controller and Partner Tax together? Most multi-partner clients run both — ask for a combined quote.
§ 03 Add-ons
Add any of these to an engagement or order them on their own. Fees are flat; the "from" price covers the typical case and we confirm the exact number before the work begins.
Each IOLTA or client trust account beyond the three included in Trust Compliance and Firm Controller, fully reconciled three ways.
Per account, per month · unlimited accounts on Fractional CFO
An examiner is scheduled: we assemble eighteen months of reconciliations, client ledgers and supporting documents into one bar-ready binder.
Free if you're already on Trust Compliance for the period requested
Behind by a quarter or by two years? We rebuild every trust and operating reconciliation month by month to a clean starting point.
Volume pricing beyond 12 months
Origination and working-credit transfer, capital account opening, and a portfolio-of-matters review for an incoming lateral partner.
Per lateral partner · outgoing-partner wind-down quoted separately
Books, trust accounts and matter WIP reviewed on both sides of a proposed merger, with a written findings memo for the partners deciding.
Scope quoted after a look at both firms' books
State-by-state modeling of the pass-through entity tax election, including California PTE, run against your actual partner mix before you elect.
Per state analyzed · included with Partner Tax renewal review
§ 04 Always included
These aren't upgrades. They're how we work with every client, from a single trust account to a fourteen-partner firm.
Upload, sign and download from one place. MFA on every account; nothing sensitive ever sent by plain email.
One CPA who knows your file, answers your email on a published response time, and sits in every review call.
If a state bar examiner questions work we prepared, we respond and stand behind it — included, not invoiced.
Every reporting package arrives with a plain-English memo, not just a PDF of statements to interpret alone.
Every reconciliation, estimate and filing date on one calendar, with reminders sent two weeks ahead.
Reconciliations, workpapers and returns kept securely for seven years and available to you on request.
Our guarantee
Trust accuracy. If a trust reconciliation we prepared is found materially wrong in a client's own bar audit, we correct it, cover any resulting penalty, and refund that month's fee.
Fixed fee. The number in your proposal is the number on your invoice. If scope grows — a new account, a new state — we tell you before the work, never after.
No minimum term. After the first 90 days, every monthly engagement is cancelable with 30 days' notice. If we're not the right firm for you, we'll say so and hand your books over cleanly.
§ 05 Pricing questions
$650 covers Trust Compliance for a firm with up to three trust or IOLTA accounts and a normal monthly transaction volume — three-way reconciliation, client ledger review and a bar-ready report, every month. Each account beyond three is a published $95 per month. We confirm the exact figure after a five-minute look at last month's trust statements, before you commit to anything.
Monthly engagements have no minimum term after the first 90 days — cancel with 30 days' notice and we hand your books and trust records over cleanly. Annual billing gives you two months free in exchange for paying the year up front; if you leave early after the 90-day mark, we refund the unused months less the discount already applied.
Per partner — $1,200 covers one equity or income partner's 1040, K-1 coordination and quarterly estimate letters for the year. The firm's own 1065 or 1120-S return is priced separately as part of Firm Controller or as a standalone add-on, since it only needs to be prepared once regardless of partner count.
You can start any month. If reconciliations are behind, we quote a one-time catch-up (from $400 per month reconciled) so your monthly engagement starts on a clean, three-way-reconciled account. Most firms are fully current within three to four weeks of onboarding, and we flag any negative-balance or bar-risk items as soon as we find them — before the catch-up is even finished.
Monthly engagements are billed on the 1st by ACH or card through the portal — no deposit. Partner Tax is billed annually per partner, with an option to split into quarterly installments. Add-ons are quoted in writing and billed on completion. You'll never see an invoice for a number we didn't agree on first.
Once a firm passes roughly 50 lawyers, opens a second office, enters a merger or succession, or needs board-level reporting and bank relationship management, Firm Controller usually stops being the right shape and a Fractional CFO engagement — typically $5,000 to $12,000 a month — takes over. We'll tell you when you cross that line; we don't leave clients on a package that no longer fits.
More questions? Read the full FAQ or ask us directly.
§ 06 Next steps
Send your last three months of trust and operating statements through the portal and we'll come back with a written quote — usually within two business days.