Rocket Matter vs. Thomson Reuters Firm Central

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Rocket Matter
Score 9.0 out of 10
N/A
Rocket Matter, now from ProfitSolv is legal practice management and time and billing software on the web, with apps for iPhone and Android. Rocket Matter integrates to email, and also includes document management and calendar features.
$49
per month per user
Firm Central
Score 5.0 out of 10
N/A
Thomson Reuters offers Firm Central, a law practice management, time management platform, and legal billing solution touting integration with Westlaw.N/A
Pricing
Rocket MatterThomson Reuters Firm Central
Editions & Modules
Essentials
$49
per month per user
Pro
$79
per month per user
Premier
$99
per month per user
No answers on this topic
Offerings
Pricing Offerings
Rocket MatterFirm Central
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsDiscount available for annual pricing.
More Pricing Information
Community Pulse
Rocket MatterThomson Reuters Firm Central
Top Pros
Top Cons
User Ratings
Rocket MatterThomson Reuters Firm Central
Likelihood to Recommend
10.0
(2 ratings)
5.0
(2 ratings)
Support Rating
-
(0 ratings)
5.0
(2 ratings)
User Testimonials
Rocket MatterThomson Reuters Firm Central
Likelihood to Recommend
ProfitSolv
Rocket Matter offers many features useful to a law office of any size. Users can be added to the same subscription so that attorneys and paralegals can record their own billable and non-billable hours, costs, case notes, and tasks. I wish my current firm used Rocket Matter for the billing features alone. Generating invoices and creating a record of trust retainer transactions was easy and efficient. All payment and billing records were stored in one central system, which allowed me to look up a client's payment history, billing status and retainer balance in under 5 minutes.
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Thomson Reuters
ease of use is a plus but client secure portal alerts need to be made more clearly so that communication flows both ways without delay
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Pros
ProfitSolv
  • Time capture - both via a timer and manual entry, makes sure you can get all the time entered on a regular basis in a quick and easy manner.
  • Decent mobile integration. iPhone and iPad app typically work well and allow you to input time and expenses away from the office.
  • Generating invoices and reminder statements is a snap, as are generating reports on income received and outstanding receivables as well as time worked.
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Thomson Reuters
  • Time tracking.
  • Billing.
  • Easy access to Westlaw.
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Cons
ProfitSolv
  • While the Notes feature was immensely useful for keeping track of the last work completed on a matter or to keep a record of discussions with clients or relevant legal research, it could have been far more user-friendly. There is no way to export Notes saved to a .doc, .pdf, or any other format. To print or download Notes, I would have to painstakingly click on each entry and copy it into a word document, then go back to the previous page to click on the next entry to repeat the process as many times as there were notes. If printed directly from the website, the formatting spills off of the page.
  • I am pleased with the amount which can be customized in invoice templates in Rocket Matter. However, to create your own template you need to use fields recognized by the program. Rocket Matter provides a guide and a list of available fields, however, it is a fairly complex undertaking for anyone unfamiliar with using fields in Word documents or using other code, such as HTML. It would be more intuitive for users if Rocket Matter employed a template customizing feature similar to that of QuickBooks, where text boxes and fields can be inserted and manually dragged to the desire area of the template.
  • Rocket Matter can run very slowly and can slow down your computer quite a bit while it is running. I upgraded to a newer laptop with higher RAM after my first year of using Rocket Matter, and there was a noticeable difference in the speed and ease of use.
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Thomson Reuters
  • ease of portal access
  • form bank being easier to modify
  • integrations with other programs
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Support Rating
ProfitSolv
No answers on this topic
Thomson Reuters
I have not had to use support
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Alternatives Considered
ProfitSolv
Generally, Rocket Matter is more efficient for invoicing than Quickbooks, and does much better reports and invoices. Rocket Matter is much more attuned to legal business needs, and is superior to Quickbooks for a lawyers' billing and time/project management needs in just about every way.
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Thomson Reuters
we actually switched to Clio for better document management and overall billing and accounting features which have worked out very well
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Return on Investment
ProfitSolv
  • Rocket Matter has streamlined tracking billable time, tracking funds earned from trust retainers, invoicing, and maintaining a detailed transaction record for IOLTA trust accounting. As long as I regularly entered payment and billing information to keep the data current, I could quickly complete non-billable accounting and invoicing tasks. I know it can consume huge amounts of time trying to recreate payment and billing histories, so using Rocket Matter to centralize these records greatly increased the amount of time I had for billable work.
  • Using Rocket Matter to record upcoming tasks, deadlines and events provided a secondary system for calendar management. Using Rocket Matter with Google Calendar allowed me to easily keep track of how I should spend my time and reduced the possibility of missing a deadline.
  • All of the data recorded in Rocket Matter can be used to generate reports for accounting and for analyzing how time is spent. Reports made it easy and fast to identify clients who were far behind in payments or who had funds available to invoice, without needing to manually check each matter.
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Thomson Reuters
  • Tracking time was positive.
  • Cost us money to switch document management systems.
  • Loss of time/work product with document management functions.
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