Tag: Legal Billing

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

CARET Legal assists profitability and compliance
Billing, Payments & Accounting

Hidden Financial Issues Can Hurt Law Firm Profitability and Compliance

Financial problems rarely make a loud entrance. Most start quietly – a reconciliation delay here, a missed invoice there. Delays in the account reconciliation process can lead to financial issues, causing minor problems to snowball over time. This can result in significant challenges with profitability, compliance, and cash flow that

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Litigation attorney reviewing expert witness reports and cost projections
Billing, Payments & Accounting

How Litigation Firms Can Keep Expert Witness Costs Under Control

Litigation often involves expert witnesses to address topics that fall outside the typical scope of legal knowledge. Experts also represent one of the most expensive case-related costs. When coordination is inconsistent, it can result in firms losing track of how funds are used and paying more than necessary for expert

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Law firm financial management
Billing, Payments & Accounting

Trust Accounting Starts with Better Ledger Reconciliation

General ledger reconciliation might not be the flashiest part of running a law firm, but it’s one of the most important. Without accurate reconciliation, financial records start to drift, compliance risks grow, and cash flow becomes harder to track. It’s not just a back-office task – it’s the foundation for

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Prevent Underbilling
Billing, Payments & Accounting

Prevent Underbilling with Accurate Time Tracking 

Every minute of billable work that goes untracked is money left on the table. When attorneys forget to log their time, round down their entries, or overlook billable administrative tasks, the financial impact adds up fast. Add to that complex insurer guidelines that demand both accurate work categorization and strict

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