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Timekeeping & Billing

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Timekeeping & Billing
Attorney Organization Tips
Attorneys work in a very high-stress environment and oftentimes feel they must always be the expert in the room. Embracing organization can not only make repetitive tasks more efficient, but also reduce stress. Well-organized attorneys will take advantage of the ability to automate many daily tasks. Being organized is not “set it and forget it.” It is an ongoing process. Being organized should be a firm initiative and everyone in the law firm needs to embrace increased organization.
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Accounting & Reporting
Time, Billing and Payments: How to Streamline Them in Your Law Firm
Billing is an integral part of running the business that is your law practice. That’s why having legal practice management software with robust billing and accounting features is so important to day-to-day operations of your law firm, and for staying competitive in an ever-evolving legal industry.
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Accounting & Reporting
Start 2023 Off Right with a Realistic Remote Strategy
Let’s face it: remote work is here to stay. It doesn’t matter if you’re going into an office every day or meeting in-person with colleagues a few days a week; remote work will always be a fallback for many industries, especially the legal industry. With this thought in mind, optimizing your law firm for the new year is integral to the overall health of your business, and it’s never too early to start planning. That’s why it’s more important than ever to have a cloud-based legal practice management (LPM) system at your disposal.
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Compensation and Performance Tracking
Redefining Automation: How to Automate Your Law Practice
Automation can be defined in many ways by many industries; however, it doesn’t always have to apply to complex procedures like robotic process automation (RPA) or “advanced tasks.” In law firms, automation is frequently defined as using software to automate tedious and repetitive tasks to get work done faster and more efficiently. Law firms can automate a substantial portion of their work with technology. For example, most firms repurpose their pleadings, templates, form letters, and other documents completed for past clients – why reinvent the wheel? Yet, according to a recent Statista survey, 75 percent of the lawyers who responded said they spent more than 20 hours per week on non-billable work like legal research, court filings, and administrative tasks.
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Accounting & Reporting
6 Reasons Why Electronic Payments with APX Are the Best Way for Law Firms to Get Paid
Let’s be honest: Billing and invoicing are no one’s favorite tasks. Manual processes have long made these tasks time-consuming and tedious. Nonetheless, they’re still critical to the success of any firm. Thankfully, there’s a better way, and many firms are starting to realize it. Manual processes are slowly giving way to automated online payments that result in faster and more secure payments. Abacus Payment Exchange (APX) is the automated, integrated, secure way to handle business payments that offers your clients the convenience they need while seamlessly working with the realities of a post-pandemic, virtual world.
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Law Firm Operations
Shopping for Legal Practice Management Software: 7 Questions to Ask
According to a McKinsey Global Institute report, over 23 percent of a lawyer’s work can be handled by technology. In addition, half of all lawyers are already using some form of workflow automation. Legal practice management software is a valuable part of a law firm’s toolkit that will save time by automating tedious, low-value tasks, allowing attorneys to focus on substantive legal work instead.
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Accounting & Reporting
QuickBooks for Legal Accounting: 4 Risks Your Law Firm Should Consider
Law firms have unique accounting requirements. Selecting the proper accounting system for a law firm requires an understanding of those unique requirements. For example, law firms are required by the code of ethics to account for any funds held in trust on behalf of clients.
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Law Firm Operations
Firms are Implementing Practice Management Platforms with Integrated Payment Processing. Here’s Why.
Payment management is a critical workflow that every law practice must manage. The reality is that payment management is no longer just about invoices mailed to clients or waiting to receive payments by mail. It has evolved into something more mobile and flexible, which benefits both firms and clients.
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Law Firm Operations
Flat Fee Practices Should Still Track Time
In a flat fee arrangement, a law firm provides specific services to a client for a specified fee, no matter how many hours the attorneys spend performing those services. The legal fees are decided before the work is undertaken, making billing more manageable and reducing attorneys’ pressure to achieve billable targets.
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