Some reports say that the firm is the owner of the craft, but it has not been independently confirmed that this is true, or whether any of their staff were involved in the crash. This isn’t just bookkeeping—it’s a strategic financial partnership with your peace and profitability in mind. Hosmer had been working as a pilot for Arnold and Itkin since May 2025. He had held previous positions with Wing Aviation, Apollo Aviation and Priester Aviation, all of which frequently run private charter jets, according https://thebossmagazine.com/post/how-bookkeeping-for-law-firms-strengthens-their-finances/ to his LinkedIn. Jacob Hosmer, a 47-year-old Houston-area pilot who was the captain of the flight, also died during the wreck, his father confirmed to KPRC2. Local Texas lawmaker Lesley Briones on Monday spoke highly of Tara — but later acknowledged not having firsthand knowledge she was killed in the plane wreck.
Plane Owned by “Anti-ICE, Anti-Trump” Law Firm, CRASHES in Maine; 8 Killed
Bombardier Challenger 600s have had a history of takeoff troubles during inclement cold-weather takeoffs — with small ice accumulations being known to affect the craft, according to aviation consultant Jeff Guzzetti. “I would describe him as a great pilot, a loving husband, and a phenomenal father,” a longtime friend told the outlet. In our commitment to covering our communities with innovation and excellence, we incorporate Artificial Intelligence (AI) technologies to enhance our news gathering, reporting, and presentation processes. Among the high-stakes litigation cases in which Jason Itkin was the attorney, he secured $8 billion judgment against Johnson & Johnson which was one of the notable billion-dollar jury verdict. Another one was Roundup cancer verdict the included $2.25 billion judgment. The Inner Circle of Advocates in 2013 had offered Jason an invite to join as the youngest member.
NTSB chair warns of dangers of mid-air crash at Burbank Airport
They How Bookkeeping for Law Firms Strengthens Their Finances will help you implement trust accounting, ensure prompt invoice submission, and assist with the preparation of accurate statements. With such experts, you may rest easy knowing your finances are in order. Schedule a free 15-minute discovery call to discuss your law firm’s needs, challenges, and goals.
ABA and Legal Compliance
We reconcile trust ledgers monthly, track client balances, and support 3-way trust compliance—without the overwhelm. Your time is valuable — and your focus belongs with your clients, not your books. We handle the details with precision and care, giving you back your time while saving you the cost and stress of managing everything in-house. Our exclusive focus is accounting for attorneys, which means every system, report, and process is built around your specific legal needs—from trust reconciliation to tax strategy. We follow strict state bar requirements, including three-way trust reconciliations, proper segregation of trust and operating accounts, and meticulous client ledger maintenance.
Both lawyers reached great results with several multi-million dollar cases and share an impressive profile. For clients injured in major accidents, the trial lawyers with notable track records secured record-setting verdicts and settlements. Yes, outsourced accounting improves cash flow by speeding up billing, tracking payments, and managing expenses. Multi-office firms face a higher risk of errors if trust accounting is not standardized. Kurt has also been listed by Lawdragon as one of America’s Top 500 Lawyers and one of its Top 500 Consumer Plaintiff Attorneys.
The personal injury firm — whose partners are major donors to the University of Texas football and other causes — has so far declined to identify the passengers or comment on the crash. The Best Lawyers in America recognised Kurt Arnold’s contribution to personal injury litigation and maritime and admiralty law. Lawdragon listed him as one of America’s Top 500 Lawyers and one of its Top 500 Consumer Plaintiff Attorneys.
- We’ll recommend a tailored accounting and advisory solution designed to support your firm’s success.
- The daughter of event planner Shawna Collins also confirmed to KTRK that her mother was on the flight.
- For multi-office firms, this approach provides consistent financial management across all locations.
- If the owner has implemented a clear system, it can easily scale as business needs change.
- The investigation will focus on the pilot, the aircraft and the operating environment.
Law firm accounting solutions include services like trust accounting, billing, payroll, financial reporting, and compliance support. These law firm accounting solutions protect multi-office firms from financial risk and compliance issues. Overall, outsourced law firm accounting helps law firms maintain consistent financial control and improve operational efficiency. On Sunday night, a private business plane registered to the same address as a well-known Houston law firm, Arnold and Itkin LLP, crashed during takeoff in Bangor, Maine, killing six passengers.
- Meanwhile, Kurt Arnold’s landmark judgements included $117 million single-plaintiff personal injury verdict in Louisiana and a $44 million single-amputation verdict in the United States.
- With such experts, you may rest easy knowing your finances are in order.
- Our team specializes in outsourced law firm accounting and provides tailored law firm accounting solutions to support your growth.
- These are the systems we know, trust, and recommend—but if your firm is aligned with our approach and using something different, we’re happy to explore compatibility during the Clarity Review.
The daughter of event planner Shawna Collins also confirmed her mother was on the flight. The NTSB is investigating the Jan. 25 crash of a Bombardier CL 600 airplane in Bangor, Maine. The preliminary information we have is the plane crashed upon departing Bangor International Airport and experienced a postcrash fire. Bangor airport officials and police say six people were on board and all of them are presumed dead. On this edition of “Houston Live and Local”, we have the latest on a deadly plane crash that occurred in Maine. Trust accounting is a cornerstone of our work, and we understand the compliance standards required by your state bar and the ABA.
Officials in Maine have not released an official cause of the crash. Aviation experts say icy and wintry conditions may have been a factor, though authorities noted that other aircraft were landing and taking off around the same time. Among the victims was Jacob Hosmer, whose family members confirmed to ABC News was a pilot and perished in the crash, saying, “He is in Heaven now with Jesus.” According to AP, the Bombardier Challenger 600 is a wide-bodied business jet configured for nine to 11 passengers. Our services start at $750/month for foundational support, with most firms investing between $1,250–$2,500 per month based on firm size, attorney count, and the level of strategy or complexity involved.