TrustBooks is a cloud-based accounting software specifically designed for law firms to simplify trust accounting and ensure compliance with state bar regulations. The software offers features like three-way trust reconciliation, client and bank ledger management, and seamless integration with legal technology tools such as LawPay and Clio.
TrustBooks was founded in 2014 by Chad Todd and Tom Boyle to simplify legal trust accounting for non-accountants. Over the years, the company has grown by continuously innovating its software to meet the evolving needs of legal professionals.
TrustBooks was acquired by Paradigm, a legal technology company, on February 17, 2022. Before the acquisition, TrustBooks had received private equity backing and had grown to a team of seven employees. The acquisition by Paradigm has allowed TrustBooks to expand its resources and capabilities.
TrustBooks offers three pricing tiers:
Key features include:
In 2022, TrustBooks was acquired by Paradigm, which also owns other legal technology platforms like PracticePanther, Bill4Time, and MerusCase. This acquisition has enabled TrustBooks to integrate its accounting tools with Paradigm’s other products, enhancing its offerings and expanding its user base.
TrustBooks continuously updates its software to add new features and improve functionality. Recent updates have focused on enhancing integration with other legal tools, improving user experience, and adding more robust reporting capabilities
TrustBooks prides itself on a culture of innovation, customer focus, and simplicity. The company values making legal accounting easy and accessible for all law firms, regardless of size. TrustBooks’ team is dedicated to providing exceptional customer support and continuously improving the software based on user feedback.
TrustBooks serves thousands of legal professionals, primarily small to mid-sized law firms. The software is highly regarded for its ease of use, reliability, and excellent customer support. Users appreciate the time savings and compliance assurance that TrustBooks provides.
TrustBooks
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