Product
CARET Legal Features

Our Legal Practice Management Software

Leave standalone software behind

Case Management

Manage all your cases in one place

Document Solutions

Manage your documents

Reporting and Analytics

Gather insights into your firm's performance

Billing, Accounting and Payments

Increase billable time and cashflow

Client Communication

Reach and collaborate with your clients

Prospect and Contact Management

Grow your client list

More about our product

Why CARET Legal
Data Security
Integrations
Mobile App
What’s New
Practice Areas

Practice areas

Our Legal Software Solutions

Real Estate Law

Employment Law

Insurance Defense

Civil Litigation

Personal Injury

Estate Planning

Intellectual Property

Criminal Law

Immigration Law

Family Law

Firm size

Smaller Firms

1-30 Employees

Larger Firms

30+ Employees
Resources

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Blog

Read all about the latest industry topics

Webinars & Product Spotlights

Learn from industry experts

Legal eBooks and Industry Reports

In-depth legal insights

Customer Stories

Real perspectives from real people

Support

Support Center

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Partner

Find a Partner

See an extensive list of CARET Legal partners

Become a Partner

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Pricing

Law firm reporting that visualizes data to help grow your practice

Focus on strategy, not spreadsheets. Powerful legal analytics and reporting software that provides a clear picture of how your firm is performing.

Our reporting and analytics features simplify law firm reporting and make it actionable. Use configurable dashboards, or utilize pre-built reports to identify blind spots, outliers, and opportunities in your practice to drive growth and expansion through productivity, compensation, and profitability reporting.

Out-of-the-Box Law Firm Reporting

CARET Legal comes with powerful out-of-the-box client, compensation, productivity, accounting, trust, and vendor reports that provide valuable insights into your firm’s performance. Generate and schedule regular reports on client payment rates, total fees and expenses, referral revenue, effective rates, three-way reconciliation reports, and more.

Our library of analytics reports

These reports come standard with any CARET Legal package:

Client Reports

AR Aging Summary – The total amount of unpaid invoices grouped by Client, Matter, are various levels of delinquency.
Statement of Account – List of invoices and payments for a particular Client or Matter.
Sales Tax – Shows information about sales tax amounts collected for a particular duration.
Client Payments – A listing of all payments from Clients.
Matter Rate Card – List of all Matters along with the Rate Cards assigned to them.
Total Billing – Total Fees and Expenses billed by Matter.

Compensation Reports

Referral – Realized and unrealized revenues from Matters introduced by specific referral sources.
Originating Attorney – Realized and unrealized revenues from Matters, grouped by Originating Attorney.
Split Compensation – Detailed view of fees split by Matter Origination/Responsible rates.
Fee Allocation – Detailed view of fees, soft costs and hard costs that have been collected by Matter and User.
Split Payout – Payout amounts grouped by Matter and Users.

Productivity Reports

Work In Progress – Summary of un-billed fees and disbursements.
Timekeeper Productivity – Review billable hours and realization rate by Timekeeper.
Flat Fee Productivity – Review hours worked and collections for Flat Fee Matters.
Billable Hours Recap – Daily, Weekly and Monthly view of Billable and Non-Billable Time Entries by Timekeeper.
Billed and Collected – Billed and Collected fees grouped by User, Practice Area or Location.
Timekeeper Goals – Track Timekeeper goals for time and amounts billed.
Effective Rates – A listing of hours worked, fees collected and their effective rate.

Accounting Reports

General Ledger – A complete record of transactions, grouped by accounts.
Profit & Loss – Also known as an Income Statement, shows your total income and expenses over a period of time.
Profit & Loss by Location – View Profit & Loss segmented by Location.
Balance Sheet – A statement of the assets, liabilities, and capital at a particular point in time.
Trial Balance – A listing of the last balances for each account as of a particular date.
Chart of Accounts – A listing of all accounts used in the general ledger.
Account Reconciliation – A listing of all reconciliations.
Write-Off – A listing of all write-offs.
Firm Budgeting – A listing of current and previous budget amounts.

Trust Reports

Three-way Reconciliation – Confirm that your bank balance, book balance and the sum of trust balances are in check.
Trust Account Ledger Summary – Listing of all trust balances within each trust bank account.
WIP-AR-Trust – Summary of un-billed Fees, Expenses, AR, unused Trust and Operating Retainers by Matter.

Vendor Reports

AP Aging Summary – Outstanding payments to vendors grouped by aging period.
Vendor Payments – Listing of payment totals made to Vendors and Contacts.
Vendor Reimbursement – Listing of unpaid Vendor Bill Expenses that have been marked as billable.
1099 Reporting – Generate 1099-MISC and/or 1099-NEC documents for 1099-Required Vendors.

Get Advanced Legal Reporting with CARET Analytics

CARET Analytics advanced law firm reporting empowers firms to capture every revenue opportunity, expand market share, and improve profitability. Accessible as part of Enterprise Insights and Enterprise Advance plans.

Law Firm Reporting that Fosters Data-Driven Decision-Making

Get the data you need to make informed decisions. Use our dashboards to identify blind spots, outliers, and opportunities in your practice to drive growth and expansion through productivity, compensation, and profitability reporting. With CARET Legal, firms can:

Customize and schedule reports

Our user-friendly interface and pre-built reports make it easier for your team to maximize productivity. Auto-send reports save time and ensure your office is up-to-date and aligned. With options for cash or accrual basis as well as customization options, our reporting system is tailored to meet the specific needs of your firm.

Track law firm reporting analytics in real-time

Gain real-time visibility across your entire organization.

Organize and align your teams

Advanced compensation reports show clear financial insights such as billed, collected, responsible, and originating reports.

Forecast your financial future

Accurately forecast your firm’s growth with advanced reports that show clear data-driven financial insights.

“CARET Legal consolidates accounting and reporting tools, along with bookkeeping features, all in a one place. The platform helps me keep track of critical information and provides valuable insights and key performance indicators that help me manage most effectively.”

– Hannah Stitt, Tectonic, LLP

Better business insights with legal reporting software

You can't improve what you don't measure

Easily monitor key performance metrics that are important to your business.

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Ready to take your firm further?

Get started with a free trial, or schedule a demo to see how our legal practice management software helps you work smarter and maximize revenue.