Category: Billing, Payments & Accounting

Arrears do not always occur because clients refuse to pay. Instead, they usually appear when billing processes lose consistency, are unclear, or are not sent out on time. A late invoice, unclear line items, or a payment method that slows clients down can turn a small delay into a lingering

Many law firms still rely on standalone financial tools to handle billing, payments, trust accounting, reporting, and reconciliation. These tools often look convenient at first, but the separation between financial activity and matter activity creates blind spots that slow daily operations and increase compliance risk.

For law firms focused on growth and efficiency, assessing associate profitability requires more than simply tracking billable hours. Profitability is a function of how associates use their time, contribute to matter efficiency, and support revenue generation. Firms using CARET Legal can access precise law firm profitability metrics that move beyond

Billing and time tracking continue to present challenges for law firms, especially as administrative demands compete with billable work. To avoid gaps in documentation and delays in invoicing, many firms are turning to attorney time tracking software that supports reliable centralized billing workflows.

Cloud-based legal billing software helps law firms reduce administrative overhead, protect sensitive client data, and maintain visibility into financial performance. For a billing platform to truly support firm-wide efficiency, it must combine secure access, advanced analytics and real-time reporting, automated legal workflows, and responsive support.

For many law firms, delayed payments and high write-offs are not a result of client unwillingness but rather of inefficiencies in billing and follow-up. Improving collections is about shortening the time between work performed and payment received. It requires a combination of consistent processes, proactive client communication, and the right

Law firms often feel the effects of economic shifts more quickly than other businesses. Client demand can soften, collections may slow, and partners might hesitate to approve major expenses. An important area of practice management that frequently comes under pressure is attorney compensation.