Clio

SEPTEMBER 3, 2024

Running a large law firm is a balancing act with many moving pieces—especially when it comes to law firm billing. This is where legal billing software comes in. In the following blog post, we’ll explore how to find the best legal billing software for large firms like yours. What is legal billing software?

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CaseFox

APRIL 4, 2023

The global legal billing software market size was valued at $1.23 As a legal professional, managing your billing process can be a daunting task, and without a proper law firm billing software, it can take up a significant amount of your time and effort. billion in 2020 and is projected to reach $2.79

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Rocket Matter

JULY 11, 2023

If we asked 100 people, “Do you think you should get paid accurately for the time that you work?” We’re talking about the unintentional ways that law firms decrease their profits via lost billable time. Why do lawyers lose billable time ALL the time? That causes your firm to lose out on billable time.

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Lawmatics

FEBRUARY 22, 2024

Legal billing software is a type of legal software designed specifically for law firms and legal professionals to manage and automate the process of billing clients for legal services. Legal billing software for small firms streamlines the billing workflow, making it easier, more efficient, and accurate.

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Centerbase

JANUARY 29, 2024

Efficiency and precision are the hallmarks of legal billing software. But while most legal billing software 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.

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Lawmatics

JANUARY 18, 2024

Legal billing is the process of invoicing clients for legal services provided by attorneys or law firms. It involves documenting the time spent on various tasks, such as consultations, research, court appearances, and document preparation, and then assigning appropriate billing rates to calculate the fees owed by the client.

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MatterSuite

JULY 25, 2023

Corporate legal departments, in particular, are increasingly turning to legal e-billing software to streamline their operations and improve efficiency. This innovative technology has proven to be a game-changer, enabling legal teams to manage their billing processes effectively.

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Lawmatics

FEBRUARY 15, 2024

Legal billing software for small firms is now widely available for varying prices, and artificial intelligence (AI) tools exist to create legal documents. This blog post will explore the costs of these tools, as well as how to properly leverage legal software and AI to streamline legal billing.

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Rocket Matter

AUGUST 29, 2023

These tools, like generative AI models and automatic time tracking, can potentially boost a firm’s profitability and decrease its workload—significantly. Automatic time tracking empowers teams to thrive and grow.

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Rocket Matter

OCTOBER 3, 2023

The dilemma is this: you want to track your hours accurately, but you don’t want to have to put in extra work for it. It can seem overwhelming to have to jot down every minute of client time, but, alas, if you don’t, you’ll be in an even bigger hole. Automatic time tracking improves your firm’s profitability.

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CaseFox

APRIL 2, 2023

Proper law firm accounting methods not only ensure compliance with legal and regulatory requirements but also provides insights into the financial health of the firm. Trust accounting involves tracking every transaction related to client funds, including deposits, withdrawals, and transfers.

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CaseFox

MAY 31, 2023

The traditional law firm billing process requires a lot of time and resources. For most firms, the traditional law firm billing process involves the following steps: Firstly, the firm takes on a new client and opens a fresh case. How Online Payments Can Be Game-Changing For Law Firm Billing Process?

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Rocket Matter

OCTOBER 12, 2023

It’s important to know the capabilities of each processor, which is right for you, and which will save you time and money (and potentially, your firm’s caboose). 12 Legal Payment Processing Features to Look For Want to see a healthier cash flow and happier clients? Non-compliance. Start accepting payments online!

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Rocket Matter

DECEMBER 29, 2022

While many law firms require that their attorneys work a mandatory number of billable hours (the time clients pay for directly) per week, that isn’t the extent of a lawyer’s workload. What’s more, it could even be a compliance violation. Time tracking: what you need to know . Are you spending too much time on marketing?

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Rocket Matter

SEPTEMBER 5, 2023

These are those “sneaky” expenses that aren’t quite as easy to track because you won’t always receive receipts for them. For example, your firm uses electricity and paper clips for every matter, but your firm isn’t billed for them by the client. Understandably, they’ll give pushback about unclear bills. Here’s why: 1.

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Law Technology Today

SEPTEMBER 1, 2023

Law firms can fulfill these demands with the right legal practice management software. This software streamlines backend processes, reducing the time spent on cumbersome administrative tasks, thereby bolstering operational efficiency within the firm. Protecting client data is non-negotiable, and PCI compliance is key.

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Lawmatics

APRIL 2, 2024

Choosing the best legal software for business billing depends on various factors such as the size of the firm, specific needs, budget, and preferences. Fortunately, comprehensive legal billing software for small firms can track billable hours, generate invoices, and manage client accounts efficiently.

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Rocket Matter

AUGUST 15, 2023

If you’re a small or solo law firm, expense tracking may often seem like an afterthought. There are so many critical tasks that fill your day, and rarely enough time to do them all. So maybe your expense tracking looks like a quick scroll through your bank history and a half-hearted search for receipts. We don’t judge.

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MatterSuite

NOVEMBER 6, 2023

Common examples include: Duplicate time entries: Recording the same hours worked on a task in more than one billing entry. Billing for the same task on different invoices: Inadvertently including the same service on multiple invoices. Set Billing Frequency: Establish billing frequency (e.g.,

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MatterSuite

NOVEMBER 6, 2023

Common examples include: Duplicate time entries: Recording the same hours worked on a task in more than one billing entry. Billing for the same task on different invoices: Inadvertently including the same service on multiple invoices. Set Billing Frequency: Establish billing frequency (e.g.,

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Billing software Time-tracking Software Machine learning 52

MatterSuite

JULY 29, 2024

Importance of Categorization Categorizing tasks with UTBMS codes enhances clarity and organization in legal billing. It allows law firms to accurately track time and expenses, providing clients with transparent billing statements. Example codes: P100 (Project Planning), P300 (Task Management), P500 (Budgeting).

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MatterSuite

JULY 29, 2024

Importance of Categorization Categorizing tasks with UTBMS codes enhances clarity and organization in legal billing. It allows law firms to accurately track time and expenses, providing clients with transparent billing statements. Example codes: P100 (Project Planning), P300 (Task Management), P500 (Budgeting).

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Billing software Bankruptcy Time-tracking Software 52

Lawmatics

MAY 2, 2024

Integration: Integration with other software systems commonly used in law firms, including case management software, customer relationship management (CRM) systems, or billing software, is another valuable feature of legal intake software. What is the Purpose of an Intake Software?

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Lawmatics

DECEMBER 7, 2023

Legal software is technology specifically designed to assist legal professionals in managing the various aspects of their work – document management, case management, time tracking, billing, and more. Time and billing software: Automatically tracks billable hours and expenses and generates client invoices.

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MatterSuite

JULY 9, 2024

Imagine a world where your in-house legal team can predict litigation outcomes, automate tedious document reviews, and ensure compliance with evolving regulations—all while cutting costs and boosting efficiency. These platforms use AI to analyze contracts, identify risks, and ensure compliance.

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MatterSuite

JULY 9, 2024

Imagine a world where your in-house legal team can predict litigation outcomes, automate tedious document reviews, and ensure compliance with evolving regulations—all while cutting costs and boosting efficiency. These platforms use AI to analyze contracts, identify risks, and ensure compliance.

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MatterSuite

JULY 22, 2023

Law firms must consider factors such as regulatory compliance, data security, confidentiality, and integration with their practice management software. To ensure a seamless payment experience, integration with the firm’s website and practice management software is essential.

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Rocket Matter

SEPTEMBER 11, 2024

Whether it’s late payments that spook your profits or complicated manual invoicing systems that make you feel like you’re digging your own grave, legal billing quickly becomes overcomplicated. When law firms don’t have integrated software systems that work together, it’s easy to lose profits in the cracks.

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Lawmatics

DECEMBER 5, 2023

In turn, lawyers can use legal tech to automate routine tasks, work more efficiently, and devote more time to complex work. The legal industry contains numerous tech solutions that address a single aspect of legal practice, e.g., document management, timekeeping, or billing. Time tracking and billing.

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Centerbase

JUNE 12, 2024

Payments-related challenges law firms face today The ability to get paid on time requires efficient processes and software to support them — timekeeping for billable hours, effective billing templates, accurate billing cycles, and the list goes on. Embedded payments can: Streamline billing and payment workflows.

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Rocket Matter

FEBRUARY 6, 2024

Billing and payments have a significant impact on your revenue, but getting them right can feel like trying to manage monkeys at the circus. Every law firm is different, and there isn’t a one-size-fits-all perfect solution for payment processing. If it’s not easy, then the billing process can take more time for everyone involved.

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MatterSuite

SEPTEMBER 27, 2023

When it comes to keeping track of contacts, Office 365 offers the following tools: Bookings — to track meetings and schedule client appointments Connections — build, manage, and track contacts for campaigns, etc. Data Security and Compliance: The legal profession demands the utmost confidentiality and data security.

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MatterSuite

SEPTEMBER 27, 2023

When it comes to keeping track of contacts, Office 365 offers the following tools: Bookings — to track meetings and schedule client appointments Connections — build, manage, and track contacts for campaigns, etc. Data Security and Compliance: The legal profession demands the utmost confidentiality and data security.

Law firm 52

Law firm Time-tracking Law Law 52

MatterSuite

AUGUST 6, 2023

Leaving little time to focus on the critical aspect of running a successful law firm — financial management. Helping you stay on track to achieve your financial goals. Tax Planning and Compliance: Tax planning is an integral part of financial management for law firms. If so, you’re not alone.

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Lawmatics

FEBRUARY 13, 2024

Here are some common types of software used by lawyers today: Client intake software: Legal client intake software streamlines the process of attracting leads, following up with them, engaging them, setting up a consultation, and ultimately securing and onboarding them as paying clients.

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Rocket Matter

JANUARY 23, 2023

Does your legal solution boost your cash flow and save time? Identifying common areas where you can save time and create better outcomes. Straightforward trust accounting features? Top-of-the-line security? Air-tight compliance protocol? How does the payment processor affect your billing workflow? ET / 11 a.m.

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CaseFox

SEPTEMBER 26, 2023

Lawyers must stay in compliance with trust accounting IOLTA when they are choosing a retainer fee structure. As the lawyers or attorney starts working on the case, they will track time and bill against the retainer fee. If the lawyer spends less time on the case, he will have to return some amount from the deposit fund.

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