Tag: Legal Accounting

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

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 workflow automation
Law Firm Operations

How To Implement Legal Workflow Automation At Your Firm

Implementing legal workflow automation eliminates the time burden of manual task completion and promotes consistency. Task management and tracking become more effective, compliance and risk mitigation are improved, client satisfaction is enhanced through streamlined processes and transparency, and data analysis and reporting provide valuable insights. It brings efficiency, standardization, and

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successful law firm growth
Law Firm Operations

How to Make Taking Retainer Payments Easy

CARET Legal now makes taking retainer payments easier than ever with retainer payment links. This feature increases your firm’s cashflow by simplifying client payment interactions and getting you paid faster, and it saves the firm time with a more simple and more secure billing process.

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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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