Category: Billing, Payments & Accounting

Stay up-to-date on all things legal technology, including practice management, payments, automation, and more.

Attorney working on an alternative to a billable hours chart
Billing, Payments & Accounting

The Best Alternative to Attorney Billable Hours Charts

In the legal profession, every minute counts. Traditionally, attorneys have relied on billable hours charts to account for their time. However, in today’s modern era, these methods are increasingly seen as outdated. As the industry evolves, there’s a growing need for a more efficient and accurate alternative to conventional billable

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Attorneys discussing law firm chart of accounts and general ledger reports
Billing, Payments & Accounting

Law Firm Chart of Accounts and General Ledgers Made Easy

Managing a law firm chart of accounts and general ledgers involves numerous transactions, strict regulatory requirements, detailed reconciliation needs, and accurate financial reporting. However, the process doesn’t have to be as complex as it often seems. Let’s take a look at some practical advice and strategies to simplify the creation

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Attorneys using legal trust accounting software
Billing, Payments & Accounting

The Top Legal Trust Accounting Software 

When it comes to managing legal trusts, accuracy is non-negotiable. Specialized legal trust accounting software provides a distinct edge with its automation capabilities. It’s essential to recognize the importance of legal trust accounting software and its reputation for precision, which solidifies its position as one of the most reliable tools

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trust and IOLTA accounts
Billing, Payments & Accounting

When to Use Client Trust Accounts vs. IOLTA

The ethical management of client funds is a pivotal responsibility that falls on the shoulders of lawyers. Two key instruments that lawyers use to manage these funds are client trust accounts and Interest on Lawyers Trust Accounts (IOLTAs). 

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Lawyer utilizing law firm expense tracking software
Billing, Payments & Accounting

Top Reasons to Move Your Law Firm Expense Tracking Out of Excel

While Excel is great at data organization and basic calculations, software reporting and analytics tools designed specifically for law firms make it far easier to analyze each case’s profitability while tracking expenses and identifying areas where you can cut costs or improve efficiency. 

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attorney using legal invoicing software
Billing, Payments & Accounting

Legal Invoice Management for Mid-Sized Law Firms

Legal invoice management is vital for mid-sized law firms to ensure efficient billing, cost control and compliance. By utilizing legal billing software to manage legal invoices, mid-sized law firms can increase client satisfaction, save time and resources, improve data analysis, and simplify dispute resolution. 

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