Category: :aw Firm Billing Information

3 Oct

How Much is Your Personal Injury Case Worth?

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How Much is Your Personal Injury Case Worth?

People get injured in slip and falls, automobile accidents and mishaps on the job every day. Many of them are uncertain about whether they should pursue their case in court because they don’t know if it will be worth the time and hassle. Once they know the extent of their injuries, the wise thing for them to do is have a consultation with an experienced personal injury attorney. The attorney will let them know if they have a winnable case and how much their case is worth. The attorney will consider what happened, who was at fault and the extent of their damages and advise them whether or not they should pursue the issue in court.

The Considerations

There are a number of things a personal injury attorney must consider in making the decision about how much a client’s case is worth if they take legal action when they are injured in an accident. They include:1. Medical treatment
2. Income
3. Property Loss
4. Pain And Suffering
5. Emotional Distress
6. Loss Of Enjoyment
7. Loss Of Consortium
8. Comparative Negligence
9. Contributory Negligence

Personal injury lawyers know the courts will take all these things into consideration while deciding the amount of money the injured party should be awarded. Once the attorney hears all the facts related to the accident, they can then give the client a good estimate of the value of their case.

1. Medical Treatment

The cost of the client’s medical treatment is one of the first things the attorney plugs into their legal billing software when determining the amount they should ask for in a personal injury lawsuit. The greater the medical costs, the higher the amount they will request in compensatory damages.

2. Income

The amount of money the victim has lost in salary and wages as a result of the accident is the second number the lawyer puts into the legal billing software. This combines loss wages to that point and the amount they will lose in the future because of loss of earning capacity.3. Property Loss

Often an accident victim’s automobile, jewelry, clothing and other items are damaged or destroyed because of the accident. If so, they are entitled to reimbursement to cover repairs or replacement of that property at the fair market value. This cost is also added to the law firm billing software to calculate the value of the case.

4. Pain And Suffering

Accident victims are entitled to compensation for the pain and discomfort they suffer during and after the accident. The attorney also enters an amount into the law firm billing software based on the amount of ongoing pain the victim is forced to endure because of the accident.

5. Emotional Distress

In serious accidents, victims can suffer a psychological impact long afterwards. This can include ongoing sleep loss, anxiety and fear. This is considered emotional distress and the attorney can demand compensation for this type of damage. Attorneys put a monetary total into the billing software to cover getting help for emotional distress.

6. Loss of Enjoyment

Sometimes the injuries suffered in an accident prevent the victim from enjoying their normal day-to-day pursuits and recreational activities. This is called loss of enjoyment. The victim is also entitled to compensation for that.

7. Loss Of Consortium

If as a result of the accident the injured party’s ability to maintain sexual relations with their spouse is diminished, this is called loss of consortium. Loss of consortium can also be claimed if a parent is unable to properly interact with their child because of the impact of their injuries. This ,too, is considered when coming up with fair compensation for an accident victim.

8. Comparative Negligence. 

If the injured party is even partially at fault for the accident leading to their injuries, this is called comparative negligence. This will reduce the amount they can expect to receive in compensation.

9. Contributory Negligence

People injured in an accident that are guilty of playing a major role in causing the accident may be denied any compensation because of their contributory negligence.

These are some of the most important things an attorney must consider when assessing how much a case is worth when it comes to finance. Subtract the cost of assistance from a paralegal and the legal billing software will estimate the total value of the case. Accident victims that need help finding personal injury lawyers in their area to assess and handle their case can contact the legal services corporation.

30 Sep

6 Ways to Show Your Client Exactly What You Bill them For

6 Ways to Show Your Client Exactly What You Bill them For

Effective communication between an attorney and his or her client is beneficial to both parties, especially when it comes to billing and any legal tasks that are performed. Clients who are confused about the fees they are charged may not be satisfied with the outcome of his or her case. Using law firm billing software, written agreements, and consultations works well for both the attorney and the client. Here are some ways you can let the client know about the fees that they must pay.

How to Effectively Explain Billing Fees to a Legal Client

  • A client must understand what they are being charged for. A written fee agreement is the proper procedure for effectively communicating legal fees with them. After signing, the agreement becomes a legal and binding agreement.
  • Using proper procedure, an attorney must be direct and firm when explaining fees with the client. An explanation of payment dates, late fees, and payment methods is obligatory.
  • Law firm billing software can be purchased to send invoices to the client. They can be purchased online or at any electronics store.
  • A detailed invoice that lists dates, times and an explanation of each task that was performed is appreciated by the client. To avoid confusion, invoices printed from law firm billing software is a wise purchase for every legal business. One copy is kept in the clients file and the other is given to the client.
  • Cell phone apps are the norm today, both for businesses and for personal use. With an app that quickly directs the attorney to their legal billing software, payments can be easily tracked, especially if the attorney is out of town. This serves as a convenient method of payment for the client too.
  • An attorney may refer their client to an online nonprofit agency such as the Legal Information Institute whereby they are able to better understand the law that governs each state and county. This online service also enables clients to understand any legal fees that they may be charged. This is a free service available to clients who want to know more about the law or for those who have questions about their case.

Legal Information is Available at No Cost Online

The nonprofit agency mentioned above may prove to be handy to clients when in doubt about legal procedures and fees. It helps them to better understand the laws they live by. An attorney may want to refer this information to their client to avoid confusion about the procedures used involving their court case. It may even improve their relationship with the client.

Case Management Software by Odyssey

To better manage any legal business, many accounting law firms use the South Dakota Odyssey Case Management software system to review court cases. They find that this excellent software program tracks court cases effectively whether they are in their state or in the county where the trial is held. The Odyssey Product Suite is a trusted software management system that offers attorneys the ability to find useful information that proves to be invaluable to their law firm and the case they are working on.

For more efficient client billing, legal billing software is a tried and true method of charging legal fees for an attorneys legal services. Law firm billing software allows the attorney to list dates, times, a list of tasks and fees charged in order to avoid confusion. To improve attorney, client relationships, both verbal and written agreements work well to serve both parties. Without a binding written agreement, relationships between clients and their attorneys can become strained, resulting in a poor public image. Referring the client to online information may also improve relationships, enabling a client to understand certain legal procedures and answer any have questions they may have.

29 Sep

How a Legal Billing Software Can Help You Remember A Client’s Billing Policies

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How a Legal Billing Software Can Help You Remember A Client’s Billing Policies

 

 

Whether you’re looking for Paralegal Specialist record, a University of Georgia Legal Assistant Certificate, LEGAL BILLING SOFTWARE, more in-depth LAW FIRM BILLING SOFTWARE, or anything in between, you may not be far from your answer at all. In fact, any number of short-term billing specialties or LAW FIRM BILLING SOFTWARE solutions may have just what you need with the click of a button. Getting your LEGAL BILLING SOFTWARE has never been easier either; with the click of a mouse pad, you can order and have your product shipped to you in a matter of days. Whether you’re a sole practitioner, a large firm or even a small firm, you can certainly benefit from what the software can offer you and likewise save yourself many a headache. Once you try and find a suitable solution that you enjoy, simply share it to let as many people know about it as is possible: You do want to promote what’s good in this life, do you not?

 

Best Legal Billing Softwares

 

You want to know what the top 20 legal billing softwares were rated for this year alone? Of course you do. Well, since you asked, a Bacchus law, PracticePanther legal software, Cosmo Lex, my case, from Central, lean law, fresh books, tabs three billing, BQ E core time and billing, time solve legal billing, Zola suite, needles, Marcus case, case fleet, bill for time, pro temples, rocket matter, time 59, case Fox, slick pie, time billing, coyote accounting, legal track, Sage Timeslips, LDAP, pay stand, billing orchard, advantage law, Adarand expert, case matter Pro, as the law 360, fat merchant payments online, headnote, Lex Rex, DS wings, a send, easy legal billing, interval, lawyer time, simple legal, the Tishman program, capture it, laws and Pro for DT business solutions, the plaintiff, time that law, legal suite, PC law, it a.m. EA legal, billing tracker Pro, brief accounting, bright flag, carpe diem, and Oxley, E billing hub, he lost software, or ratio helper, law firm billing system, law master, lifetime, lot trust, law billing, legal billing, legal billing software, legal insight, legal log, legal platform, legal ask, legal legitimate Vanguard information, liberty take, LMS cloud, mango billing, new lock, perfect practice, perfect law, project clock, prevented suite, retain AR, RPG bills, SOS connect, strong box legal, tech law, the ombudsman by event all software, time builder, time manager for Macintosh, times manager by JDA data, durable law time and billing, verdict, and virtual practice all compete for the top spot. The first 20 of these mentions mentioned, of course, made the top 20 for this year alone. They all rate at four stars or above. Most rate at five.

 

How to Make Your Softwares Better

 

Have you ever gotten so ridiculously frustrated with your current tax or accounting software, which you note as just average? Believe me. This has happened to more than one professional out there, and you are not alone. In fact, that’s the very reason for why these special legal billing software solutions exist – to make things simpler.

 

You may find yourself nearly ready to throw that laptop or CD down on your desk with full force, slamming your frustrations away with the rage and momentum. Believe us when we say that there is a better way. Try today.

 

Forget Word. Ditch Excel. Disregard Powerpoint. Part ways with those older tax accounting software programs or built-in bookkeeping computer systems; heck, the new ones aren’t all that great anymore, especially when you’ve got a new legal billing software disc in your hands and ready to install. The best part is that most of these software programs, especially those of the best selling name brands in today’s competitive market, combine all the best parts of your computer’s basic programs – into one, full-forced system of excellence. Think about it: You can have the best timekeeping, bookkeeping, forms, calendars and other essential functions all in one convenient system, thereby saving you both time and money in the long process.

 

Simply review several providers online to see how they rank. Customer reviews never lie. When you have decided which program you wish to purchase or try under a trial period, simply contact the provider for more details and instructions. It’s simple.

 

You also want to consider your practice’s specialties and firm size to better determine which software may be your best fit. Remember that, here, there is no one-size-fits-all, but all may feel comfortable to try and promote whatever they see fit. – not to mention share. Share what you find.

 

28 Sep

4 Reasons Why You Should Avoid Block Billing

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Essentials For The Law OfficeHarvard Law School Case Management, Accounting LEGAL BILLING SOFTWARE, LAW FIRM BILLING SOFTWARE or Elsewhere

Whether you’re a prominent Harvard lawyer, a simple data entry lawyer or tax clerk, a law student or anything in between, you’ll be far better off doing two things: avoiding any block billing methods made by you or by your service provider and also using a special legal software program to conduct all your transactions. With these two, it’s not easy to go wrong. Try them out, and you will see exactly why. Plus, four basic reasons are offered below, further proving the point: It’s time to face the facts, friends; the world is not what it once was, and neither should we be – the ways of doing things, first of all, have undoubtedly changed as a result.

1. It’s easier to make mistakes that way.

Since block billing usually employs more direct and manual methods, though this is not always the case but rather the usual norm, it’s far easier to just install or download a simple program that will fill all these functions and complete all the necessary steps for you in a moment’s notice. It’s easier. It’s faster. It’s smarter. Wouldn’t you agree?

2. You could end up making less money.

Since it’s easier to make mistakes using this more traditional system, as a result, it will also become far easier to lose money as a result of those mistakes. Putting all the efforts of your work into one sole time block, even if you worked at numerous times spontaneously, can easily result in leaving you with one or more activity – or, God forbid, block of time – unaccounted for. We never want that to happen, now, do we? After all, time is money, and money is time; waste one, and you end up wasting both – not to mention your hard work.

3. There are better ways to do things nowadays.

LEGAL BILLING SOFTWARE or LAW FIRM BILLING SOFTWARE are perfect examples right here: They are both easier to use and more cost-effective, too; sometimes, a good LAW FIRM BILLING SOFTWARE is all you need to get the process done smoothly and efficiently. This software includes everything from timekeeping sheets to bookkeeping record forms to calendars to stopwatches to timers to local billing regulations and state or county guidelines as they vary from region to region: Sometimes the software you hold can also automatically update itself through an online connection; in this way, it can keep all its information and settings relevant and up to date all throughout the process. It’s also far easier to keep track of – and even trace – new or past files while categorizing your confidential information however you best see fit.

4. It frees you of potential “bill padding” – or bill fraud – as they call it.

Bill padding, or bill fraud – as it is more commonly known – is illegal in every U.S. state. If you have made a mistake of this nature, now matter how great or small, then you are guilty of committing bill fraud and may face fines, penalties, business foreclosure and even jail time. Make no mistake: It is a highly serious legal matter, especially for those who work in legal matters themselves; to say that you are slightly breaking the law is but a great understatement as you are doing so much more.
Avoid block billing as much as you can.
25 Sep

4 Steps to Make Time-Billing a Habit

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4 Steps to Make Time-Billing a Habit

 

No lawyer needs a degree in Accounting Law to understand the importance of being paid on time. A law office is a business, and should be run with business-like precision or all the clients in the world will not make ends meet. Modern technology like apps and older programs like legal billing software can be a good solution for a law firm looking to update its accounting books into the 21st century, but there are additional habits one can develop around time-billing to make the entire process go seamlessly from start to finish.

The Top Four Steps to Make Time-Billing a Habit

  1. Keep On Top of the Clock All Day Long
  2. Be Specific and Descriptive in Your Entries
  3. Be Familiar with Client Guidelines
  4. Choose the Right Law Firm Billing Software for your Company

1. Be Punctual About Punctuality

If you fill out your timesheet at the end of the day, chances are you would have already forgotten times or steps from the morning. One of the most important time-billing habits any lawyer can get into is to enter the times into the legal billing software as soon as the activity is done – not when the day is done. It only takes an extra minute or two at most when done punctually, versus being a long, time-consuming task at the end of the day.

2. Be Specific and Descriptive in Your Entries

 

Your legal billing software should have spaces for entering what you did and a brief description of the task. The more specific the entries, the easier it will be to document the what, where, when and why if there are any questions regarding the time usage later. (See #3). Some lawyers and clients perceive the billable hour as an excuse for not being productive with time, so this is the time and space to prove how effective one can be in each segment of time. The best descriptors will explain what you were doing during that span of time, and why you were doing it. If doing research on a statute of limitations, mention the statute and how it relates to the case in the fewest words that still convey the importance of the activity. Anything too short or too long can cause confusion over what was actually happening during the time-billing session.

3. Be Familiar with Client Guidelines

The law firm billing software does not just exist to get a law firm paid. It also gives every lawyer in the firm the chance to show how much they care about the client’s goals, rules, and requirements by entering information correctly and being specific about how their client “spent” their money. When a law firm demonstrates consistently that they understand and can adhere to time-billing guidelines, then they have the chance to build a long-term, loyal base of clients who will generate additional revenue in future both through personal engagement and referrals. Not only will inaccurate entries or those which go against the billing guideline codes cause dissatisfaction, even if the client remains with the firm all future time-billing submissions are likely to receive tighter scrutiny and less wiggle room.

4. Choose the Right Billing Software for Your Law Firm

 

Any habit is more easily formed when it does not take too much time or effort to get into. There are a range of options when picking out legal billing software, many of which offer an integrated program where time can be entered, sent to accounting, and reviewed by clients all in a smooth, step-by-step performance that cuts down on errors and speeds up the time-billing process. Some subscription-based services will offer monthly plans that are affordable for smaller law firms, and discounts for larger firms with deeper up-front pockets who can pay for several months in advance. When the program is easy to understand and works with the firm, instead of being an irritant during a busy day, it is more likely to be used and accepted by everyone. That is why good time-billing habits are often helped by the right software to back it up.

The LII

The Legal Information Institute is a non-profit group that believes in making the law understandable and accessible to everyone. They use technology and the internet to make it so you do not need a fancy law degree or an advanced diploma in legal project management to understand what the law is and how it may apply to projects, businesses, and life.

22 Sep

A Lawyer’s Guideline to Legal Billing

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How Should You Bill Your Time?

The most important thing to recognize as a prestigious law firm in a New York City Law Department is for your legal team to know how to bill your time. That is the only thing that will indicate the manner in which the law firm billing software department will be able to invoice a client and save money. It’s always a good thing to follow guidelines for legal billing software and many law firms use software for that purpose. To track and take the time to properly bill clients is an important and significant part of being successful.

Partners, associates and paralegals, as well as the support staff in the litigation department all have specific guidelines to follow for their time. These are set in six, ten and fifteen minute time increments and all are based on the type of case and client involved.

These days’ clients are more computer literate and when bills increase they need to examine their selections for carefully regarding who they will hire for their legal billing software representation. Some clients go as far as using their own methods and law firm billing software to calculate many of the bills they receive. They sort and analyze their billing data using a variety of high tech application law firm billing software for these purposes.

Block Billing

For clients block billing is recognized as being a way of disguising a billing system that is inefficient and slows down the refunding to the firm. Many courts do not permit block billing because they know that it will hinder the reimbursement of the fees that the attorneys are supposed to receive once the judgment has been set. Separate billing for each itemized product is the best way to provide your invoice.

Electronic Billing

Frequently these days electronic billing has become a subject of scrutiny and dispute due to the carelessness of some firms who rely solely on software to do the job of what used to be the duty and function of the accountant. Time entries that are prompt and accurate still need to be supervised and overseen by a human versus a machine.

Invoices need to be drafted well and the descriptions given must be in great detail in order for the client to feel compelled and convinced to pay their bills on time and with much trust and confidence. The merit of the task will surely be reviewed and the job carried out will be gauged and compared every time to other such legal matters. Brevity of details has never served its purpose when billing clients who will be expected to return as satisfied customers.

Time Recording and Audience

Accuracy in timing is ensured when it’s registered right after the task has been completed. It’s difficult to try to remember the time for each task if it is not registered right away and prompt time-keeping has been recorded. Some firms require that the task that is being performed be written down, possibly in a notebook and then recording it each day or week at night or during the billing period.

The audience you are serving is very important especially when you record the time. As we already discussed previously there is an in-house council although no particular person has been appointed to serve in that capacity. Invoices are processed by several people both inside and outside corporations through third party auditors and legal professionals.

When recording the time, it is best not to use slang and too many abbreviations. Legal and concise terminology should be used in the billing since the time sheets your firm provides will be reviewed by people who are not familiar with legal terms. This may include accounting personnel and third party auditors.

What Are the Billing Policies?

Every client has an engagement letter, also known as a retention form. These will have budget guidelines, guidelines for timekeeping, as well as limitations for staffing and disbursement. There is task-based billing that is becoming a more common type of billing policy. It will track the litigation task well in advance and will record it for the client. In depth the client policies will be looked at and analyzed as time goes by more people will be looking for that type of sandal or shoe. The client billing tasks are client-specific with policies that can be applied using the particular billing code where no swipe or equipment is required.

A lawyer’s guideline to legal billing involves the approval of different types of invoices. The invoices should be sent and approved by all parties. That way invoices can be submitted on a monthly basis. The details of the work should be listed and made available to all Board members within a 30 day period once the services have been rendered. Make sure the statements sent from your firm for the legal services provided have supporting documents that can be used during the client legal billing process.

21 Sep

4 Tips for Effective Invoicing

4 Tips for Effective Invoicing for Legal Firms

Both small and big business owners are expected to keep their businesses running, and the only way to achieve this is by maintaining a steady cash flow. It is possible for a law firm to miss payments if they fail to invoice clients. Although the invoicing process can be very complex, any business that does not have a proper invoicing platform is bound to incur massive loses. The New York City Law Department is one of the many law firms that have already adopted the use of modern invoicing platforms when it comes to legal billing. An effective invoicing process guarantees business mangers a peace of mind, and at the same times makes things easy for the client.

Invoices are normally sent to customers or clients as a bill of payments they are supposed to make as a result of the provided goods or services. An invoice indicates the service rendered or supplied product, the amount of money to be paid, and the expected mode of payment. The invoicing process is normally done by the accountants, but small business owners do it on their own. An organization’s invoicing process determines whether they will receive payments within the stipulated time or not. Law firms are classified as business entities, and are also expected to have an effective billing system. Modern law firms have adopted the use of Legal Billing Software that makes it possible for the firms to generate invoices within the shortest time possible. Apart from that, such a software enables a law firm to track time and expenses, provide detailed payment reports, provide retainer alerts, and at the same time locate unbilled expenses. The following are four major invoicing tips that can be adopted by law firms or other businesses:

Automating the process

As mentioned earlier, it is important for both small and large legal firms to set up a Legal Billing Software as a way of automating their invoicing process. The software has invoicing capabilities, and firms can sign up for any of the many available platforms to improve their invoicing experience. In addition, cloud invoicing applications are very effective in securing billing information. Apart from reducing invoicing costs by more than 50%, invoicing software reduces mistakes. The legal department at the University of Georgia has also experienced an improvement in its legal billing process after adopting the Legal Billing Software.
Sending Written Quotes

Before delivering a particular service or product, it is important to send a client some written price quote as it helps to manage their expectations. The written quote should include the estimated cost, and the preferred mode of payment. Before accepting the order, one must ensure that the client has accepted their terms and conditions.

Use of Polite Language

It is possible to increase the chances of being paid by using polite language “thank you for doing business with us” or “please remember to pay on time”. Customers that pay early or on time deserve to be sent thank-you emails or notes because it helps in maintaining a business relationship. Moreover, it is a good idea for businesses to remind customers of their desire to serve them again and some of the new products or services they are offering. Building a strong relationship with customers increases the chances of a repeat purchase or a referral.

Including all the Pertinent Invoice Details

It is always easy for clients to pay promptly if the invoice includes all the pertinent details. Each invoice should include all the essential details because it eliminates delays that are caused by incomplete information. There are some clients that pay attention to detail, and cannot give out any payment if some information is not available. Some of the most important details that must be on every invoice include:
 The invoice ID number
 The amount charged for a service or product
 The related taxes and additional charges
 Details of the service or product provided
 The client’s name and address
 Company Information
 Expected date of payment
 The preferred mode of payment
 The preferred currency
It is always a big challenge for law firms to keep track of all the details, and that is why a Law Firm Billing Software is necessary. A Law firm that wants to keep their invoice data in an organized manner should change from manual invoicing to automatic invoicing. Law Firm Billing Software guarantees flexibility and accuracy in keeping invoice data. In addition, it becomes very easy to retrieve an invoice or any related data if there is a Legal Billing Software.
20 Sep

Tips on How to Discuss a Trust Balance or Retainer Payment with your Client

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Tips on How to Discuss a Trust Balance or Retainer Payment with your Client

The legal profession has its own terminology – legalese – which might be confusing to the regular person. For example, what is a trust balance or retainer payment? Here are tips on how to discuss these legal terms with a client.

Explaining Legalese

Attorneys are usually involved in many different activities. Court cases can take years to complete and it can take a lot of work to gather evidence. Here are just a few of the many functions, which lawyers perform:

  1. Court Defense
  2. Mediation
  3. Representation
  4. Trusts
  5. Collections

Lawyers need to balance their schedules and prioritize all of these activities for the best effect.

Long Court Case

When an attorney takes on a client, he will estimate how long the relationship might last. Of course, if there is a court case, he really cannot adequately calculate how long the case might last. There might be extensions, special hearings or the court calendar might simply be filled up. The successful lawyer will try to assess the time frame, but it is only an estimate.

Billing Software

Once you start working on a case, you can enter the bill into your database. Thankfully, you don’t really need to try to calculate all that clients owe, by hand anymore. When you purchase the right LAW FIRM BILLING SOFTWARE, it does it for you. This LEGAL BILLING SOFTWARE frees up time, so you can spend more time growing your law firm.

Automate Bill Reminders

Of course, your clients lead busy lives. They might forget a payment. Be pro-active and use LAW FIRM BILLING SOFTWARE to send out reminders. The dentist sends out helpful reminders for teeth cleaning, doesn’t he? The best LEGAL BILLING SOFTWARE can improve your customer service, business reputation and financial bottom line.

Attorneys as Trustees

Attorneys are regularly identified as trustees due to their understanding of the law. They can also usually identify solid legal tax shelters and other types of legal structures that can be useful for accomplishing different purposes. They can also draw up the required documents easily enough to establish this new legal trust arrangement.

Trust Balance Payment

When an attorney performs any functions on behalf of his client, he can simply charge the trust with the bill. Then, he could use his LAW FIRM BILLING SOFTWARE to send his client a friendly reminder. This can ensure that there won’t be any late payment penalties. The attorney gets paid and the client gets legal services – every one wins.

Categorize Court Cases

When you have many different legal tasks on your docket, it can be difficult to keep track of everything. That is when a Differentiated Case Tracking Program can be quite useful. Set up its calendar to remind you of important due dates. You can use it to record all of the notes for each case. Then, simply search by the case number and you are good to go.

Legal Services Down Payment

You need reservations for a 5-star Michelin restaurant, right? You need to place a security deposit with your apartment complex, right? Therefore, your clients should not be so surprised to pay an upfront retainer payment as down payment for your legal representation.

Nothing is Free

The beauty of the retainer payment is that it can satisfy so many needs. It ensures that the client is serious about his case. It gives the attorney some money in his pocket to pay for investigations. In some ways, it is like paying a house contractor to buy the fixtures you want in your new home.

Retainer Payment

The retainer payment can go towards any legal billable hours. The best LAW FIRM BILLING SOFTWARE can be used to track payments, such as these. This allows you to concentrate on customer service. With Harvard Law School Case Management, you can enjoy management of your contacts, clients, cases, projects, docketing, calendaring, scheduling, documents and billing.

Free Legal Advice

For those who might need some free legal advice, The Legal Information Institute (LII) is available. This non-profit, run by the Cornell Law School provides no-cost access to legal services. Once you explain the legalese to your clients, they will understand the reasons for these billable hours. Trust balance or retainer payments are part of the legal process and can be best tracked using LAW FIRM BILLING SOFTWARE.

19 Sep

6 Ways to Ensure You’re Getting Paid on Time

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1.) Work agreement

When you are first agreeing on the scope of work that needs to be done with the legal billing software, it is very important to make sure that you state all of the costs involved in the work and the terms of the methods of payment on the contract. Therefore, you will need to ensure that the client is going to agree on these terms before the work is started. This means that you are not going to have any problems getting payment from the client once the work is done. But if there are any issues, then you will have proof of the agreement so that you have a good case.

2.) Multiple payment methods

It is very important to make sure that you are open to accepting all of the different forms of payment. This is one of the main reasons why you might have problems getting payment from your clients. But your clients are not going to have any problems with you take all of the credit cards, cash, or check as your forms of payment. You can also take Paypal because so many people are now using it since Internet access is everywhere. You want to make sure that the clients are going to have less excuses for paying their bill through the law firm billing software.

3.) Upfront payment

A lot of lawyers are now getting the deposit upfront for the work that they are planning on doing. You could also set up a payment scheme for your clients. This means that you are going to be taking a proportion of the money before the work is done. This is one of the most effective ways of making sure that you get all of your money but you can still set boundaries with your customers. When there is a smaller balance due when the work is done through the law firm billing software, it is going to be a lot easier for the client to make the payment.

4.) Payment terms

It is very important to make sure that you are sticking to all of the terms of your payment plan with the legal billing software. If the client does not pay the money that they owe you within the time limit, then you need to follow through with all of the conditions of the contract. Therefore, the invoices need to state when the money is due and what is going to happen with the payment is delayed. Most of the time, it means that you are going to charge interest, report them to the proper people, and take legal action if you need to.

5.) Prompt Payment Code

Before you do any work for the client, you need to sign up for the prompt payment code. The code is going to allow the business to build a strong relationship with the customers with the South Dakota Odyssey Case Management. Therefore, they are going to be confident that you will be paid for the work that you have done. The code is set up through the Department of Business Innovation and Skills for the UF LAW TO SURVEY LEGAL PROFESSION S.

6.) Invoice finance

Lawyers are now choosing to use the invoice finance, which is a solution for the company that might be struggling with late payments from their clients. It lets you to get access to the money you need as soon as the invoice is issued to the client. Therefore, you are going to have cash flow at the end of the month. It is important to make sure that the legal assistant that is helping you actually has a legal assistant certificate so that you know that they can help you with your clients and the money that they owe you. Plus they will need to know how to use the legal billing software for you.
18 Sep

How Creating Goals for Your Legal Billable Hours Can Maximize Your Profit

LAW-FIRM-BILLING-SOFTWARE-19

What Do Lawyers Want?

The ultimate goal of every lawyer besides setting the state in peace is to make money and attain a stable financial life. To achieve this; it’s important to have a strategy. One of the things that you need to be keen on is the billable hour. Firms make money by billing their clients per hour. The more billable hours a firm has, the more revenue it gains from its customers. The billable hours not only benefits the firm but also boosts the salary of the employees.
The emphasis of billing hours varies from one firm to another depending on the category of the law firm. For example, government and public based law firms do not apply the billable hour because they do not bill their hours to pay clients. Similarly, small companies and public interest law firms concentrate on other factors like community development, training, etc. The billable hour is not applicable to them.
The law firm billing software is therefore important to a majority of the enterprise. It plays a vital role in the company. The legal billing software organizes budgets, time and client billing. If you use guess method to evaluate your billable hours; you should consider getting a law firm billing software.

Features of a Law Firm Billing Software

• Time tracking
Time tracking assists in avoiding time wasting. Stop watches are applicable as their timing is accurate. Billable time can be measured in different aspects. For example, it may be measured on a transactional fee, contingent fee, firm wide or individual fee depending on the firms’ preference.
• General Ledger
The financial part of the law firm is very critical. It is one of the major departments of the business. If not well-taken care of, the company may end up making losses that may be serious the extent of closing up. It is therefore important to keep invoices, vendors, and payments.
• Trusting Accounting
This account is set aside to manage the funds of clients who have paid for the services that have not been offered. This avoids the inconveniences of being unable to support the project when the right time comes. Mismanagement of the open account may brand a law firm as untrustworthy which could lead to significant withdrawal from other clients and also discourage new customers from signing up with the company.
• Bill Preparation
This assists in preparing invoices for clients for the services offered. This is done through the use of the company’s billable time records. Some firms have their customized way of billing their clients e.g. by converting the recorded sessions to pdf and sending them to complement the statement via email.
• Work with other programs
To make the legal billing software more convenient; you can incorporate other programs in the software. Such programs include; Microsoft outlook, personal digital assistants, and QuickBooks. This programs are compatible with the software and can be used in sharing of data.
Accounting Law
Accounting is the process of evaluating financial information to know whether a loss or profit was incurred in a transaction and by how much. Accounting regulations knowledge can be used to solve problems in law courts e.g. by determining the extent of damaged assets or the amount of compensation a client should get.
The forms of accounting that are famous in a legal setting include;
• Cash. This kind of transaction is only viable where an actual monetary exchange has been involved in the form of liquid cash.
• Completed Contract. This is applicable where a long term business agreement has come to an end. This type of treaty determines whether losses or gains were made within the period of the contract and by how much. Here the revenue and gross income are considered in the tax year of contract completion.
• Accrual. This kind of accounting takes into consideration all forms of transactions of income gained and the expenses involved in a contract for a period without making an allowance for the fact that some of this transactions may not have been received or paid during the calculation period.
• Installment. This time of accounting is used by regulated utilities to establish the depreciation rates for taxation purposes
Accounting regulation is, therefore, an important branch of the law firm. Many lawyers have undertaken both the law and accounting education. When vetting candidates, it is advisable to hire the candidate who can play the two roles to save on the labor cost. You may consider students from the University of Georgia; given that it produces very qualified candidates.
It department for the law firm 
With the dynamic changes in technology; more and more transactions and sessions are taking place online. It is, therefore, crucial to take care of the software essentials for the law office. This involves computer projects that boost the employees on their computer skills to ensure they remain on track.
18 Sep

How Creating Goals for Your Legal Billable Hours Can Maximize Your Profit

LAW-FIRM-BILLING-SOFTWARE-19

What Do Lawyers Want?

The ultimate goal of every lawyer besides setting the state in peace is to make money and attain a stable financial life. To achieve this; it’s important to have a strategy. One of the things that you need to be keen on is the billable hour. Firms make money by billing their clients per hour. The more billable hours a firm has, the more revenue it gains from its customers. The billable hours not only benefits the firm but also boosts the salary of the employees.
The emphasis of billing hours varies from one firm to another depending on the category of the law firm. For example, government and public based law firms do not apply the billable hour because they do not bill their hours to pay clients. Similarly, small companies and public interest law firms concentrate on other factors like community development, training, etc. The billable hour is not applicable to them.
The law firm billing software is therefore important to a majority of the enterprise. It plays a vital role in the company. The legal billing software organizes budgets, time and client billing. If you use guess method to evaluate your billable hours; you should consider getting a law firm billing software.

Features of a Law Firm Billing Software

• Time tracking
Time tracking assists in avoiding time wasting. Stop watches are applicable as their timing is accurate. Billable time can be measured in different aspects. For example, it may be measured on a transactional fee, contingent fee, firm wide or individual fee depending on the firms’ preference.
• General Ledger
The financial part of the law firm is very critical. It is one of the major departments of the business. If not well-taken care of, the company may end up making losses that may be serious the extent of closing up. It is therefore important to keep invoices, vendors, and payments.
• Trusting Accounting
This account is set aside to manage the funds of clients who have paid for the services that have not been offered. This avoids the inconveniences of being unable to support the project when the right time comes. Mismanagement of the open account may brand a law firm as untrustworthy which could lead to significant withdrawal from other clients and also discourage new customers from signing up with the company.
• Bill Preparation
This assists in preparing invoices for clients for the services offered. This is done through the use of the company’s billable time records. Some firms have their customized way of billing their clients e.g. by converting the recorded sessions to pdf and sending them to complement the statement via email.
• Work with other programs
To make the legal billing software more convenient; you can incorporate other programs in the software. Such programs include; Microsoft outlook, personal digital assistants, and QuickBooks. This programs are compatible with the software and can be used in sharing of data.
Accounting Law
Accounting is the process of evaluating financial information to know whether a loss or profit was incurred in a transaction and by how much. Accounting regulations knowledge can be used to solve problems in law courts e.g. by determining the extent of damaged assets or the amount of compensation a client should get.
The forms of accounting that are famous in a legal setting include;
• Cash. This kind of transaction is only viable where an actual monetary exchange has been involved in the form of liquid cash.
• Completed Contract. This is applicable where a long term business agreement has come to an end. This type of treaty determines whether losses or gains were made within the period of the contract and by how much. Here the revenue and gross income are considered in the tax year of contract completion.
• Accrual. This kind of accounting takes into consideration all forms of transactions of income gained and the expenses involved in a contract for a period without making an allowance for the fact that some of this transactions may not have been received or paid during the calculation period.
• Installment. This time of accounting is used by regulated utilities to establish the depreciation rates for taxation purposes
Accounting regulation is, therefore, an important branch of the law firm. Many lawyers have undertaken both the law and accounting education. When vetting candidates, it is advisable to hire the candidate who can play the two roles to save on the labor cost. You may consider students from the University of Georgia; given that it produces very qualified candidates.
It department for the law firm 
With the dynamic changes in technology; more and more transactions and sessions are taking place online. It is, therefore, crucial to take care of the software essentials for the law office. This involves computer projects that boost the employees on their computer skills to ensure they remain on track.