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If you dont know where to start, here are a few tips for tidying up your billing and conducting a financial review. Download free guide Why a year-end review matters for your law firm Your financial health checks go beyond tallying income and expenses. Trust accounting is vital for regulatory compliance and client trust.
Efficiency and precision are the hallmarks of legal billingsoftware. But while most legal billingsoftware can help you accomplish these goals, top-of-the-line legal billing tools go above and beyond with a comprehensive suite of features that transform the way your legal professionals handle your law firm billing.
Rocket Matter is designed specifically for legal professionals and has built-in safeguards to promote compliance. Download free guide 5. Download free guide 6. One of the biggest mistakes legal professionals can make is over-relying on a platform that wasnt built for the legal industry.
This data-driven approach transforms billing from an administrative necessity into a strategic tool that grows your practice. And with Clio Accounting , you can manage all of your firms bank accounts in one spot, manage trust account transactions, and conduct three-way trust reconciliation to help ensure compliance.
Download free guide Entry descriptions Whatever software you use to track billable hours, when you label your task, pay at least a little bit of attention to what you write. That’s because with legal management software, your time-tracking will be automatically integrated with invoice creation.
Download free guide Why average payment processors aren’t right for law firms If you’re a small or medium-sized law firm, cash flow can be a recurring issue, and you don’t have the capacity to wait around for cash. Lack of integration. Non-compliance. Start accepting payments online! Start accepting payments online!
If you attribute expenses to the wrong client, you open yourself up to compliance violations. Use billingsoftware with integrated time and expense tracking Accurate time and expense tracking is critical to getting paid accurately for your work, stay in compliance, and build trust with clients. Download free guide 2.
Therein lies the rub: inaccurate time tracking leads to inaccurate billing, which can severely damage your law firm’s reputation, client relationships, and profitability. What’s more, it could even be a compliance violation. CALL OUT}} Ready to master your law firm’s time and billing? Download our guide. .
Download free guide Establish accurate fees and rates Law firms that offer fee structures beyond the billable hour need to know how much time is required for each project type. Demystifying the Billable Hour: How to Right-Size Your Rates With prices rising so much over the last year (global inflation is forecasted at 8.8%
Download free guide Five great reasons to track matter costs Whether matter costs are hard or soft, you’ll want to track them closely. Without them, you might run into compliance violations Law firms must provide itemized bills to clients upon request. Running a legal practice is definitely one of those things.
Download free guide What are automated time trackers, and why do they matter? For example, Rocket Matter’s automated time trackers are integrated with their legal practice management and billingsoftware. in 2022), it’s the right time to look at your current rates and see if you’re charging enough to remain profitable.
Download free guide 1. Electronic billing gets to your clients instantly, and it’s much easier for clients to pay their invoices immediately upon receipt. Plus, with a client portal through your legal billingsoftware, clients can keep their cards on file. Start accepting payments online! Start accepting payments online!
Stop getting ghosted on Net 30 and collect every billable hour with R ocket Matter Pay , the integrated online payment system for law firms that works seamlessly with Rocket Matter’s legal practice management software. Legal billing must fall within these guidelines, which vary greatly depending on the city or state where you practice.
Register Now Picking a payment processor for law firm is no small feat, as the wrong one can lead to slow payments, client frustration, extra fees, low cash flow, and a very real risk of compliance missteps. Straightforward trust accounting features? Top-of-the-line security? Air-tight compliance protocol? Download free guide 3.
IOLTA trust accounting compliance : No processing fees ever come out of your trust account so you stay compliant at all times. Download free guide Related Resources How to Increase Your Profits with Rocket Matter Lawyers in firms of all sizes struggle to finish the work for the day in a reasonable amount of time.
Stay Compliant with Legal Standards Compliance with legal standards, such as the Fair Debt Collection Practices Act (FDCPA), is non-negotiable. Rocket Matter’s legal billingsoftware , for instance, offers automated invoicing, reminders, and secure payment options. Download free guide
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