
Some e-billing systems require that law firms submit invoices using the Legal Certified Bookkeeper Electronic Data Exchange (LEDES) file format. However, international and boutique firms may not have the ability to produce a LEDES file. For both these reasons, it’s best to search for an e-billing system that fully supports the submission and review of both LEDES and PDF invoices.
A Year in Review … and a Look Forward to 2024
- Whether you manage a small firm looking to grow or a bigger firm seeking to optimize your workflows, PracticePanther hands you all the tools you need to succeed.
- Automated systems can instantly scan invoices for violations of billing guidelines, such as non-billable tasks or incorrect rates, and flag them for further review.
- For both these reasons, it’s best to search for an e-billing system that fully supports the submission and review of both LEDES and PDF invoices.
- Rocket Matter integrates to email, and also includes document management and calendar features.
- Your corporate clients are under increased scrutiny to reduce legal spend and work more efficiently with law firms.
Clio is practice management software for case management, billing, accounting and client intake to support your firm’s practice at every stage of the client journey. You are responsible for reading, understanding, and agreeing to the National Law Review’s (NLR’s) and the National Law Forum LLC’s Terms of Use and Privacy Policy before using the National Law Review website. The National Law Review is a free-to-use, no-log-in database of legal and business articles. Any legal analysis, legislative updates, or other content and links should not be construed as legal or professional advice or a substitute for such advice. If you require legal or professional advice, kindly contact an attorney or other suitable professional advisor. Billing software can provide real-time feedback to law firms at the time of invoice submission.

Everything you need to confidently manage spend
Legal e-billing software provides automated solutions for invoicing at law firms and a long list of features to help with time tracking, client profiles, time management, and more. These solutions are easy to implement, proven to increase revenue, intuitive to use, and securely synced with the cloud, so there’s no good reason not to use them. Legal billing software is a https://www.bookstime.com/articles/legal-e-billing downloadable or cloud-based program that lets you track billable hours for law firm clients, send invoices and get paid. Typically, it includes billing features unique to law practices, such as trust accounting, LEDES billing and retainer payments. Many legal billing platforms also include case management so that you can organize matter documents and information in one place along with client billing.
- By centralizing these functions, your team can better align vendor services with organizational goals while maintaining control over legal spending.
- You can also generate reports based on various metrics like law firm performance, cost by matter type, or historical spend.
- Unlike other providers, Clio never charges for hidden or variable card network fees.
- With real-time spend data stored in one central location, a legal e-Billing solution gives you greater access to granular legal analytics and custom reporting options.
- Many products can be integrated with other programs or suites for a seamless workflow.
Solutions

A legal e-Billing solution that seamlessly integrates with existing apps and software like Outlook, IPfolio, iManage, and Box will save your team the time and the headache of duplicate data entry. A TimeSolv Legal plan also includes legal-specific billing formats, including LEDES 2000, 1998B, 1998BI, Chubbs and Litigation Advisor. And you’ll get access to conflicts management, trust accounting and ABA task codes.
- With invoices, budgets, matters, accruals, and more in one easily accessible digital location, no one has to scramble to sort through paper piles to locate a misplaced file.
- There are many standard business tools available that can be used in this context, ranging from simple spreadsheets to accounting or project management software.
- Choosing between multiple firms to handle this matter might involve evaluating their expertise in mergers and acquisitions, their historical performance on similar cases, and their proposed costs.
- These legal-specific billing software solutions are designed with the unique needs of law firms in mind, offering trust accounting features, contingency fee billing, and much more.
- Learn how to grow your firm and get tips to save you time and automate your work, straight to your inbox.
TimeSolv is a full case management solution, with project management tools that let you set milestones and create a budget you can share with employees and clients. You can collect and store client payment information upfront, so payment is automatic and you don’t have to chase clients down over unpaid invoices. A direct benefit of improved transparency is better client trust in the law firm. As trust grows, disputes occur less frequently and repeat business and referrals increase. Word-of-mouth business is always a great benefit, as it brings in more clients to the firm without the need for more marketing and advertising spend. Factors like repeated overbilling, poor adherence to budget or failure to follow guidelines all influence the efficiency and value add to your vendor relationships.
A proven suite of legal technology solutions

That might be cost savings, more streamlined and efficient legal service delivery, or a stronger relationship with other internal teams, like finance. Invest in a legal-specific e-billing and vendor management system that tracks vendors, spending, and performance all in one place. By making the billing process more efficient and transparent, software saves the legal team time and money and improves the working relationship between legal departments and their external service providers. Continuous improvement is vital for the long-term success of any e-billing process. Regular meetings with internal stakeholders and outside counsel can provide valuable feedback that can be used to refine and improve the process.

Whilst QuickBooks there is a range of eBilling solutions on the market, there are broadly two approaches for the provision and processing of invoices. Get a comprehensive look at Mitratech’s full list of legal solutions for meeting the future needs of corporate legal & claims. Get a comprehensive look at Mitratech’s full list of CLC solutions for meeting the future needs of corporate legal & claims.
























