![legal time and billing software legal time and billing software](https://legal.thomsonreuters.com/content/dam/ewp-m/images/legal/en/photography/photography/201956_65396910-dark.jpg)
Subscriptions: Some attorneys choose to use subscription-based models for clients they retain on a monthly or yearly basis.You can check out our thoughts on pricing models to learn all the options, but here are a few to consider: Luckily, there are several ways to bill for your work that allow you to focus on what matters most and that helps your client better see the value of your services. Instead, you should be focused on the value you can provide to your client. An invoice with a list of tasks tied together with time increments won’t help them see that solution.Īdditionally, when you’re focused on billing by the hour, you’re focused on the time it takes to do your work. They want to buy a solution to their problem. You see, your clients don’t want to buy your time. Moreover, you don’t capture the true value of your work. In fact, you often lose money by billing in this way. It’s worth saying again: ditch the billable hour.īilling by the hour isn’t valuable. Oh, and: it’s time to ditch the billable hour. Treat each invoice like any other client communication-keep them clear, organized, and efficient. Think about your invoices this way: they’re a way to communicate with your client about the value of your services. You can organize invoices electronically using a simple client filing folder system. We believe wholeheartedly in the benefits of the paperless law firm.
![legal time and billing software legal time and billing software](https://softwareconnect.com/images/screenshots/adc-legal-perfect-practice-billing-575.png)
It’s also important to organize your invoices for easy storing and pulling when needed. The total: Make sure you include the total service cost on your invoice.Many billing programs allow you to send invoices electronically and include a link right to your credit card payment method. Accepting more than one payment method gives your clients some flexibility, increasing the likelihood of on-time payment. Payment methods: Describe the payment methods you accept such as cash, check, credit card, etc.It also helps your clients keep track of which ones they’ve paid. Invoice number: This not only helps you keep track of each invoice you send.Dates: Add the date of the invoice as well as the date you expect to be paid.Contact information: Include your client’s name, address, and phone number.Simply stating “legal services” with the total number of hours spent isn’t enough. Service description: This includes a description of the legal services you provided - as detailed as possible, with layman’s language.Make sure your invoice template includes a few key elements: If you’ve followed our advice on billing or practice management software, you’ll easily be able to create uniform invoices with built-in templates.
![legal time and billing software legal time and billing software](https://i.ytimg.com/vi/o2wnWhhl8bQ/maxresdefault.jpg)
After all, when they know what they’re being billed for, they’re more likely to pay. Your invoices should be clear and concise, meaning your clients should be able to easily read them. Your invoice is one of the many ways you communicate the value of your services to your clients. This means that the processes you put into place should work for your clients as well as your firm. We talk a lot about the importance of being a client-centered law firm around here. Once you perform the required work, your billing process begins with the invoice. A solid law firm billing process can ensure you have the cash flow necessary to meet the demands of your firm. Perfecting Your Law Firm Billing for Financial Successįrom paying your bills to purchasing updated equipment for your office and making payroll, you need money. Learn More About Perfecting Your Law Firm Billing
#LEGAL TIME AND BILLING SOFTWARE SOFTWARE#
Software that can show law firm decision makers the state of their business at-a-glance and provide dashboards and customizable tabs and views will allow them to make better, more informed decisions to boost their bottom lines. Tools that allow managing partners to look at staff productivity and profitability for lawyers, types of cases, and other factors can help them to navigate changes and guide the firm towards success. Law firms need software that can help them easily manage client trust and IOLTA accounts with compliance, help them meet court-mandated deadlines and requirements, quickly and easily check their files for potential conflicts, and search a huge volume of documents in seconds. Legal professionals, and the industry in which they work, require tailored solutions to meet their unique needs. Software like PCLaw and Time Matters contains features, safeguards and functionality that has been specifically designed for law firms and updated over time to provide users with the best possible experience. Why is using software designed specifically for law firms better than using other case management, billing or accounting systems?