What is Legal Billing Software?
Legal billing software assists law firms large and small with client billing, budgeting, and time management. They allow users to track billable hours to ensure accurate invoices with appropriate documentation for the clients as well as the firms. Legal billing software can be integrated with many other systems that are involved in the course of a case worked, including communications, case management, and more generalized accounting systems. This combines and streamlines several time-consuming processes into one program.
Inexact or inaccurate time tracking can be problematic for lawyers in the course of billing their clients. Recent reviewers have stated that hours are sometimes recorded on paper and then incorporated into accounting software, which can be difficult to manage and imprecise. Legal billing software can act as a stopwatch that automatically inputs labor, whether it be recorded on an hourly, contingent, transactional, or user-defined fee, and translates it into billable invoices.
Legal Billing Software Common Features
Most vendors offering legal billing software include:
Bill preparation and accounts receivable
Some software includes additional tools to integrate with other programs in use such as Outlook. These tools add features such as:
Secure messaging through client portals
Project, client, and calendar management
Many legal billing programs offer a free trial to start, then charge monthly or annual subscription fees per user. Pricing can be tiered from the inexpensive basic programs to the more costly programs that include more features and allow for unlimited users and data.
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