Tag: Legal Accounting

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

attorney using time tracking software
Billing, Payments & Accounting

Time Keeps Slipping Away – the Value of Accurate Time Tracking At Your Firm

Most law firms rely on partners and associates accurately tracking billable hours to get paid for their services. However, many attorneys still use antiquated methods like paper timesheets or spreadsheet trackers to capture their time. This leads to missing billable hours, billing delays and lost revenue. By investing in attorney

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law firm accounting
Billing, Payments & Accounting

Integrated Law Firm Accounting Software Is Better Than a Generic Solution

Litigation management software is a comprehensive solution for managing all aspects of a litigation firm. Whether you’re a civil practice or a criminal defense firm, litigation management tools can streamline and organize discovery management, trial preparation, case strategy development, communication, and more.

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Law firm working with their legal case management system
Matter Management

The Best Legal Case Management Software Features

If you’re not already leveraging legal case management software in your practice, what’s stopping you? Case management systems are the cornerstone of better client management, enhanced efficiency and productivity, robust accountability, and comprehensive audit trails. With a centralized location, managing your legal cases becomes a breeze, allowing you to focus

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law firm financial reporting
Reporting & Analytics

Streamlining Law Firm Financial Reporting for Easy Accounting

You know that feeling when you’re working on a jigsaw puzzle and can’t find the one piece you actually need? That’s how law firm financial reporting can feel at times. Between handling intricacies like client trust accounting, making sense of diverse compensation models, and breaking down the profitability of cases,

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Accounting and bookkeeping at a law firm
Billing, Payments & Accounting

Streamlining Law Firm Accounting & Bookkeeping

Law firms have unique accounting requirements — like being bound to a code of ethics to account for any funds held in trust on behalf of clients. It’s important to keep these requirements in mind when selecting the proper legal accounting system to streamline your processes. As an example, law

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Group of lawyers discussing compliance within their firm
Matter Management

Law Firm Compliance Made Easy With a Practice Management System

Law firm compliance can be a burden to adhere to. But, legal practice management software (LPMS) goes a long way in alleviating some of the burden. It relieves you of the constant monitoring for regulatory changes, keeping your systems updated and ensuring that your firm is always in sync with

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lawyer working on billing requirements for the firm
Billing, Payments & Accounting

Law Firm Billing Guidelines Made Simple

Implementing clear legal billing guidelines is crucial for effectively managing client relationships and avoiding unnecessary disputes. No doubt you’ve heard the old phrase, “Harmony is achieved when everyone is singing from the same song sheet.” The same is true of billing – when everyone knows the rules, there are fewer

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attorney deciding whether to use flat fee or hourly billing
Billing, Payments & Accounting

When to Use Flat Fee vs. Hourly Billing at Your Firm

The legal industry, in recent years, has witnessed a seismic shift towards the adoption of “flat fee billing”, an alternative to the traditional “hourly rate billing.” This trend has emerged in response to client demands for greater predictability and transparency in legal costs. T

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