Legal Billing, Trust Accounting & Business Accounting for Law Firms
Legal billing software with powerful time and billing, and complete accounting features that maximize efficiency and revenue. CARET Legal offers more than 11 ways to create time entries and the ability to generate highly customizable and visually beautiful invoices. Support for UTBMS codes and LEDES invoicing. Advanced reports that provide real-time visibility across the firm’s practice without relying on integrations with outside accounting applications. Download account activity from major financial institutions. Create accounts payable checks as well as trust checks, process payments, perform batch billing and much more.
The legal industry’s most robust, cloud-based financial management system, CARET Legal gives firms powerful matter-centric billing and legal accounting capabilities.
Designate round up increments (e.g. 6 minutes) on a per matter basis
Enter time in either decimals or HH:MM
Supports UTBMS codes for LEDES invoices
03
BULK BILLING CENTER
Bulk email blast or bulk print invoices and statements of account
04
RATE CARDS
Save time managing rates with Rate Cards. You can assign Rate Cards with custom user rates to any matter. You can also apply a set discount against all users’ rates assigned from a rate card for a particular matter. Clients can also have a preferred Rate Card which is automatically inherited by any matter you create for that client.
05
MATTER USER RATES
Powerful time and billing capabilities, trust accounting and built-in business accounting in a single, synergistic package.
Import copy activity from supported Canon, Xerox, Konica Minolta and Samsung devices via uniFLOW importer
07
INVOICE UNBILLED ACTIVITIES
Filter unbilled activities by a wide range of criteria
Bill all unbilled activities or select entries individually
08
INVOICES
“Retina Ready” high-resolution logos
Customize rows, columns, fonts, and colors
Line item and invoice level discounts
Supports UTBMS codes and LEDES invoices
Optionally to include balances for matters and clients
09
LEDES BUDGETING
With this feature, firms can set a budget for individual LEDES codes within a LEDES-based matter. Firms can see billed amounts against the total budget as the case progresses. This feature is available to clients with EnterprisePlus subscriptions.
10
RETAINER / TRUST FUND MANAGEMENT
Manage retainers for operating and/or trust accounts
Receive a notification when retainers fall below designated balances
View/Print ledgers on matter basis
View/Print trust account summary with sub-ledgers for each matter
Accept credit cards using APX for retainers or as direct payment for invoices
Clients can pay for invoices through CARET Legal’s client portal with credit cards
12
GET PAID VIA A SECURE PORTAL, BRANDED FOR YOUR FIRM
Share invoices securely using CARET Legal’s Signature™ mobile app and enable your clients to make credit card payments using your APX account.
13
CHECKS
Write checks for vendors
Option to pass on expenses for matters for full or partial payment of check amount
Print on standard 3-part check sheets
14
TRUST CHECKS
Draw only from trust account (Cannot select operating accounts)
Selection of a Matter is required (only matters with a positive balance are displayed)
Cannot overdraw Matter’s ledger balance
Print on standard 3-part check sheets
15
OPTIONAL PRE-BILLING / DRAFT INVOICES
Need to have the responsible attorney on the matter review invoices before sending them out to clients for payment? CARET Legal’s powerful pre-bill options allow your firm to implement a wide range of billing workflows.
Split percentages independently for fees and costs
Available for Enterprise Plus plans
21
CONSOLIDATED BILLING
Generate consolidated invoices when there is a client with multiple matters in any given billing cycle. Available for Enterprise Plus plans. This feature can be activated on a per-client basis.
22
BILLING FREQUENCIES
Filter unbilled activities when generating invoices by custom Billing Groups
Assign either at client or matter-level
23
TIMEKEEPER GOAL TRACKING
Firm admins can set and track billable hours and/or total billing goals for members of their firm. Includes great data visualizations which can be accessed in the Reports section so it’s easy to see who’s meeting expectations and who is falling behind. Metrics can be viewed year to date or by prior month and prior week’s progress toward those goals.
24
CUSTOM ALLOCATIONS
When a payment is received, your firm can easily allocate specific amounts to timekeepers and expenses.
Create firm-wide budgets to forecast revenue and expenses on a monthly, quarterly and/or yearly basis. Learn More.
26
DOWNLOAD BANK AND CREDIT CARD ACTIVITY FROM OVER 5,000 INSTITUTIONS
Reconcile your accounts and assign individual transactions as billable expenses with just a few clicks.
27
QUICKBOOKS ONLINE INTEGRATION
For firms who prefer to use Quickbooks, CARET Legal offers an integration with Quickbooks Online. With this tool, practices can sync invoices, payments and much more.
