What is a Legal Billing Software? What Can it Do for Your Law Firm?
Purchasing law firm billing software is a smart way to save time and money for any attorney and firm regardless of their size. It’s a great way of organizing your budget, getting paid and managing your client billing needs.
How You Can Stay Organized Through a Legal Billing Software?
Many legal firms look for new techniques to stay on top of things and advance themselves from their competitors. One of the ways is to generate bills quickly and easily so that payments can be collected in a timely manner. Legal billing software will make it easy for customers to pay on time, especially since it calculates interest and late payments automatically. Credit card payments and the use of PayPal and Law Pay are included and built-in some of the best time-billing software.
Here are 7 reasons why you should use law firm billing software at your firm:
1) Your legal team will be organized, strong and responsive
2) If the information is centralized, your legal team can stay focused on their task
3) Project management is facilitated and it will be an invaluable experience
4) Making clients happy is the best recipe for success
5) Alternative fee arrangements are a thing of the past
6) Hourly billing has become an easy possibility
7) Managing any legal team on the go is now trouble-free
If you are looking to get paid faster and save hours of billing every month, then you will be able to generate a multiple billing system and accept credit cards from the invoices you and your firm send your clients. Adding the time and expense will be all on one screen and time tracking will enable you to manage your clients in a more reasonable setting. Some legal billing software will allow your firm to do online invoicing and payments. The information is safe and secure and will prevent your firm from cases of perjury as all the data will be stored and accessible when requested by a judge.
Why You Should Invest in Using a Legal Billing Software?
Lawyers lose up to 30% of their billable accounts due to an ineffective time tracking and time billing system. Using a credible time-billing system will also allow your firm to bill on a contingency or by charging a flat rate. A trust account can be tracked on a regular basis and QuickBooks online can be synced with the software from any location and at any time.
It is of course important that the legal billing software you purchase is user-friendly and intuitively will protect your data. It should be accessible 24 hours a day and seven days a week, year round and for your convenience with 99.9% of up-time. Some software’s also enable a chat forum with tech support in case it becomes crucial to manage and understand the software accordingly.
Many independent lawyers like to use their iPhones, iPads or an Android phone, that’s why law firm billing software apps have been created that are used for billing and receiving payments from your clients on an ongoing basis. You can even track your expenses and the time spent on any device or computer. Best of all you can keep track of things using international currency. The client portal allows you to send and receive secure messages, set up tasks and events that are coming up, including their due dates.
The Director of State Courts is the person who’s part of the state courts and works under the direction of a chief justice. He has the authority to oversee and manage the court system. It is useful to have a link to the court site to your main computer which will be accessible when using your time-billing software.
In general, before committing to software that will facilitate your time-billing needs, and especially if you have multiple offices, make sure your administrator and team is well trained and proficient on how to use the software before it s launched in order to prevent mistakes that would ruin your reputation. Ongoing training is provided with many software packages, both in a classroom setting and online.
Legal firms should always be trailblazers and pioneers for their colleagues and competitors, that’s why it’s so important to keep up with the latest trends and skills in order to stay ahead in this competitive market. The key is to find a user-friendly and easy-to-work-with legal billing software that’ll give your legal team the advantage of excellent project management and a billing system that is to the point and state-of-the-art, whether you’re a boutique legal firm or a larger legal entity.