Rocket Matter

JANUARY 23, 2024

Download free guide Don’t compromise on legal detail If you’re using the Legal Electronic Data Exchange Standard (LEDES) , you’ll need those codes in an invoice for certain clients. These codes need to be precisely applied, so make sure your legal billing software has the option to enter LEDES codes as you record time.

Law firm 52

Law firm Time-tracking Law Law 52

Rocket Matter

OCTOBER 3, 2023

Why the billable hour matters Reports state that many attorneys bill between 1,700 and 2,300 hours per year , so not tracking all your time accurately can lead to tens of thousands in lost revenue. Second, law firms track the billable hours of each attorney. However, it can be hard to keep organized and prone to errors.

Time-tracking 97

Time-tracking Lawyer Due diligence Software 97

Rocket Matter

OCTOBER 17, 2023

Time management is a common challenge many legal professionals face, and it can significantly affect your firm’s bottom line. Legal time-tracking software is a tool designed specifically for law firms and legal practitioners that’s used to record, track, and bill for hours spent on various legal tasks.

Time-tracking 52

Time-tracking Law firm Software Law 52

Lawmatics

MAY 2, 2024

Legal client intake software is a type of technology specifically designed to streamline the process of collecting information from clients or potential clients in the legal industry. What is Intake Software Used For? What is the Purpose of an Intake Software? How Much Does Legal Software Cost?

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Software Client Intake Document management Billing software 52

Rocket Matter

FEBRUARY 6, 2024

Some processes, such as billing and payments, are more troublesome than others. 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.

Billing software 52

Billing software Time-tracking Law firm Software 52

Rocket Matter

SEPTEMBER 5, 2023

Without them, you might run into compliance violations Law firms must provide itemized bills to clients upon request. Charging clients for matter costs you didn’t track can lead to a violation, putting your firm at risk of disciplinary action by your state bar association. 4.

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Time-tracking Software Practice management Attorney 98

Rocket Matter

AUGUST 29, 2023

OK, that’s going way back.) New tools and technologies are emerging every day that provide law firms with advantages and opportunities. 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.

Time-tracking 52

Time-tracking Billing software Practice management Mediator 52

Lawmatics

JULY 7, 2023

One way is through law firm automation. What Does Automation Mean in Law? Automation involves the creation of computer software and automated systems that can complete repeatable processes and reduce the need for human intervention. Legal workflows. Billing management. Document execution. Online payments.

Time-tracking 52

Time-tracking Client Intake Document automation Software 52

Lawmatics

FEBRUARY 13, 2024

Billing and timekeeping software: Time and billing software automates each step of the billing process and helps lawyers track billable hours, generate invoices, and manage financial transactions. The choice of software depends on the specific needs and preferences of each law firm or legal professional.

Lawyer 52

Lawyer Client Intake Time-tracking Document automation 52

Rocket Matter

JULY 11, 2023

We’re not talking about rates, pro bono policies, or any other conscious decision that law firms make regarding what they charge. 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? Lawyers have a lot going on in the day.

Time-tracking 65

Time-tracking Practice management Law firm Legal CRM 65

Lawmatics

DECEMBER 5, 2023

Web-based case management systems help law firms organize information and data related to cases. Time tracking and billing. Whether a firm bills hourly, fixed-fee, or on contingency, time and billing software offers an easy way to record billable hours and increase revenue. Text messaging.

Legal tech 52

Legal tech Legal tech Client Intake Time-tracking 52

Lawmatics

FEBRUARY 6, 2024

Several factors contribute to the industry's growth: Efficiency and cost savings: Legal tech solutions promise increased efficiency, automation of routine tasks, and significant cost savings for law firms and legal departments. Increased complexity: Legal work has become more complex and data-driven.

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Legal tech Legal tech Billing software Document automation 40

Rocket Matter

JULY 29, 2024

Get free e-book Delayed payments, mounting overhead, and the constant pursuit of outstanding invoices—these are the challenges that plague many law firms. Unpaid invoices not only disrupt the firm's cash flow but also burden attorneys with the task of chasing payments, diverting their attention from their primary focus—practicing law.

Law 52

Law Law Time-tracking Law firm 52

Rocket Matter

SEPTEMBER 11, 2024

When law firms don’t have integrated software systems that work together, it’s easy to lose profits in the cracks. Challenges of traditional legal billing Amongst the professional services sector, law firms have some of the most specific requirements for compliance. Start accepting payments online!

Time-tracking 52

Time-tracking Practice management Compliance Law firm 52

Rocket Matter

APRIL 25, 2023

And when these processes run in the background as you do the billable work, your firm can better focus on delivering a superior customer experience across the entire client lifecycle. Frequently used in traditional business settings, the client lifecycle concept can help law firms understand how they find and build loyal client relationships.

Client Intake 52

Client Intake Time-tracking Law Law 52

Rocket Matter

MARCH 12, 2024

Optimized cash flow Allowing clients to keep a card on file can transform your firm’s cash flow by significantly reducing the time between invoicing and payment. On your quest for the right payment processor, look for features that streamline and support the way law firms operate. Start accepting payments online!

Time-tracking 52

Time-tracking Compliance Software Practice management 52

Lawmatics

JULY 2, 2024

Client intake in a law firm is an important process for onboarding new clients. Client intake software is technology used by businesses and organizations to streamline the client intake process by collecting information from clients. The prospective client reaches out to the law firm seeking legal assistance.

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Client Intake Software Time-tracking Legal software 40

Rocket Matter

NOVEMBER 7, 2023

Just as tedious without a tech solution is sending individual invoices to multiple clients. The solution to both problems is time-tracking software integrated with billing software that can process and convert billable hours and tracked expenses into invoices with just a few clicks.

Time-tracking 52

Time-tracking Lawyer Software Legal CRM 52

Rocket Matter

MAY 16, 2023

It’s ideal for law firms and their clients when itemizations on invoices are clear, transparent, and accurate. Undercharging leads to lost profits for the firm. Overcharging, or bill padding, can lead to loss of client trust and, in some circumstances, even disbarment.

Time-tracking 52

Time-tracking Practice management Paralegal Software 52

Rocket Matter

AUGUST 8, 2024

Ensure your letter adheres to all relevant laws to avoid potential legal repercussions for your firm. Leverage Industry-Specific Tools Using tools tailored for the legal industry can greatly enhance your debt collection process.

Lawyer 52

Lawyer Practice management e-records Billing software 52