It should also facilitate tracking your IOLTA (Interest On Lawyer Trust Account). Custom rates and fees for different lawyers and activitiesĪny legal billing application you work with should also provide robust trust accounting management features, allowing you to keep accurate records of trust accounts and transactions.Hourly and flat-fee billing arrangements.Your law firm’s billing software should offer flexibility for: Your legal billing product should integrate with:īilling your clients accurately is important, but it takes more than correctly assigning time and expenses to client accounts. Ensure that your tools talk to one another so your lawyers remain productive and your legal practice runs efficiently. Even the most robust practice management tools need support. Your law firm likely doesn’t run on one tool alone. Expense Tracking: Efficiently track billable expenses to your clients such as:.Time Tracking: Ensure all time you spend on matters is captured.When you’re considering legal billing software to help your law firm streamline workflows and increase profitability, there are several features you need to look for: Time and Expense Tracking Features Moreover, legal-specific billing software safeguards against compliance risks, particularly when it comes to trust accounting, which requires diligence in how funds are transferred into and out of client trust accounts. Legal billing software stands out from generic billing and time management software because it provides functionalities that support law firm operations-such as tracking billable time and expenses and assigning LEDES and UTBMS billing codes. Legal billing software like TimeSolv streamlines the legal billing process, making these essential but tedious tasks easier to manage. ![]() ![]() Legal billing software includes capabilities such as: With legal billing software, attorneys, paralegals, and staff can track their hours and expenses (both billable and non-billable), and then invoice clients for legal services. Legal billing software helps law firms and attorneys manage time and expenses more productively through time tracking and billing features.
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