Some key features include time and expense tracking, project management and client management. CaseFox offers their flagship application as a secure way to management billing and payment for law firms, featuring role-based access and permissions, and integrations with most popular accounting applications. Founded in 2008, Rocket https://www.bookstime.com/ Matter is an all-in-one legal practice management platform designed for small and mid-sized law firms. However, despite being around for several years, the company has struggled to scale. The top legal e-billing management programs save your team time, boost efficiencies, improve client satisfaction, and increase cash flow.
Why Have Small to Mid-sized Legal Departments Been Slow to Adopt e-Billing?
- The process starts with the outside counsel, who will simply upload the invoice to a highly secured web site.
- The automated workflow significantly expedites the overall billing cycle, leading to quicker turnaround times and, consequently, faster payment cycles.
- AbacusNext offers software solutions for firms of all sizes, but it’s the best one on this list for large, complex firms that could benefit from its Private Cloud and integrated accounting features.
- Forbes Advisor rated and reviewed some of the most popular legal billing software options available to help you decide which is right for your practice.
You can set up invoices to discount for early payments or add interest for late payments automatically. 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. Even solo practitioners and small firms have to track and allocate hours to clients, account for retainers and manage a variety of rates and billing options. Some vendors incorporate e-Billing into their suite of legal operations tools. Many of the standalone systems have narrowly defined feature sets, and require a great deal of custom integration to work effectively with case management or legal spend systems.
- 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.
- The list of products below is based purely on reviews and profile completeness.
- Clients, in turn, can review and approve invoices online, streamlining the approval process.
- Upgrade to Premier to gain greater business insights and hands-off billing.
- As trust grows, disputes occur less frequently and repeat business and referrals increase.
Content Types
With Clio Manage (case management and billing), you can organize everything you need to know about matters, including notes, contact information, documents, tasks, time tracking and invoices. Clio even integrates with word processing software, so you can create and edit docs with familiar programs and save them to Clio with one click. Enforcement of outside counsel Billing Guidelines reduces cost, changes lawyer behavior, and changes the way law firms manage your matters. E-Billing technology can identify, and flag unapproved billing rates and timekeepers for each case.
Legal Billing Software
One reason why 150,000+ legal professionals choose Clio’s cloud-based software? This means that users can handle everything from client intake and onboarding to billing and payments, all in one central place. Legal ops teams need access to robust data to make strategic financial decisions and to demonstrate their value. With real-time spend data stored in one central legal e-billing location, a legal e-Billing solution gives you greater access to granular legal analytics and custom reporting options. This allows you and your team to make more informed decisions that strengthen the company. Clio lets you track and invoice for billable hours and expenses and get paid with a secure online payment link for credit card, debit or eCheck payments.
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. The content and links on are intended for general information purposes only. 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.
Why use legal billing software?
- You can share documents securely with clients and request documents from clients for secure uploads.
- E-Billing technology can identify, and flag unapproved billing rates and timekeepers for each case.
- Legal e-billing is the electronic submission, review, approval, and payment of legal invoices.
- One reason why tens of thousands of legal professionals choose Clio’s cloud-based software?
- Solutions that automatically include administrative training and responsive customer support will boost your team’s productivity and confidence in using the system to its fullest potential.
- These solutions, particularly cloud-based offerings, can be implemented within a matter of days.
The National Law Review is not a law firm nor is intended to be a referral service for attorneys and/or other professionals. The NLR does not wish, nor does it intend, to solicit the business of anyone or to refer anyone to an attorney or other professional. NLR does not answer legal questions nor will we refer you to an attorney or other professional if you request such information from us.
Every minute spent must be properly coded and billed to ensure lawyers are paid for their services. What if there was a way to simplify this process and save costs while doing it? 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 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.
Your guide to easier approval workflows for legal invoices
If an invoice is non-compliant the system may flag the discrepancy and notify the in-house counsel or return the invoice directly to the law firm for correction. The process starts with the outside counsel, who will simply upload the invoice to a highly secured web site. Once the invoice is uploaded, it will be transferred electronically to the Legal department’s in-house e-Billing database.
Retirement & Benefits
Moreover, Clio’s legal billing software gives lawyers the ability to effortlessly track billable time through the use of a stopwatch, directly from their inbox, or while on-the-go through Clio’s mobile app. Considering that Clio’s 2021 Legal Trends Report found that lawyers spend only 2.5 hours each workday on billable work, this can make a significant impact on a law firm’s bottom line. Legal e-billing, short for legal electronic billing, is basically a system that simplifies the entire billing process.