Rocket Matter

AUGUST 29, 2023

These tools, like generative AI models and automatic time tracking, can potentially boost a firm’s profitability and decrease its workload—significantly. Automatic time tracking empowers teams to thrive and grow.

Time-tracking 52

Time-tracking Billing software Practice management Mediator 52

Lawmatics

APRIL 2, 2024

Choosing the best legal software for business billing depends on various factors such as the size of the firm, specific needs, budget, and preferences. Fortunately, comprehensive legal billing software for small firms can track billable hours, generate invoices, and manage client accounts efficiently.

Law firm 52

Law firm Software Billing software Time-tracking 52

Lawmatics

MAY 2, 2024

Integration: Integration with other software systems commonly used in law firms, including case management software, customer relationship management (CRM) systems, or billing software, is another valuable feature of legal intake software. What is the Purpose of an Intake Software?

Client Intake 52

Client Intake Software Document management Billing software 52

Rocket Matter

OCTOBER 3, 2023

The dilemma is this: you want to track your hours accurately, but you don’t want to have to put in extra work for it. It can seem overwhelming to have to jot down every minute of client time, but, alas, if you don’t, you’ll be in an even bigger hole. Automatic time tracking improves your firm’s profitability.

Time-tracking 97

Time-tracking Lawyer Due diligence Software 97

Rocket Matter

AUGUST 15, 2023

If you’re a small or solo law firm, expense tracking may often seem like an afterthought. There are so many critical tasks that fill your day, and rarely enough time to do them all. So maybe your expense tracking looks like a quick scroll through your bank history and a half-hearted search for receipts. We don’t judge.

Law firm 52

Law firm Time-tracking Billing software Law 52

MatterSuite

NOVEMBER 6, 2023

Common examples include: Duplicate time entries: Recording the same hours worked on a task in more than one billing entry. Billing for the same task on different invoices: Inadvertently including the same service on multiple invoices. Set Billing Frequency: Establish billing frequency (e.g.,

Billing software 52

Billing software Time-tracking Software Machine learning 52

MatterSuite

NOVEMBER 6, 2023

Common examples include: Duplicate time entries: Recording the same hours worked on a task in more than one billing entry. Billing for the same task on different invoices: Inadvertently including the same service on multiple invoices. Set Billing Frequency: Establish billing frequency (e.g.,

Billing software 52

Billing software Time-tracking Software Machine learning 52

Rocket Matter

OCTOBER 12, 2023

It’s important to know the capabilities of each processor, which is right for you, and which will save you time and money (and potentially, your firm’s caboose). 12 Legal Payment Processing Features to Look For Want to see a healthier cash flow and happier clients? Non-compliance. Start accepting payments online!

Time-tracking 92

Time-tracking Legal CRM Practice management Law firm 92

CaseFox

APRIL 2, 2023

Proper law firm accounting methods not only ensure compliance with legal and regulatory requirements but also provides insights into the financial health of the firm. Trust accounting involves tracking every transaction related to client funds, including deposits, withdrawals, and transfers.

Law firm 98

Law firm Time-tracking Law Law 98

Lawmatics

DECEMBER 7, 2023

Legal software is technology specifically designed to assist legal professionals in managing the various aspects of their work – document management, case management, time tracking, billing, and more. Time and billing software: Automatically tracks billable hours and expenses and generates client invoices.

Legal software 52

Legal software Legal software Software Time-tracking 52

Law Technology Today

SEPTEMBER 1, 2023

Law firms can fulfill these demands with the right legal practice management software. This software streamlines backend processes, reducing the time spent on cumbersome administrative tasks, thereby bolstering operational efficiency within the firm. Protecting client data is non-negotiable, and PCI compliance is key.

Billing software 84

Billing software Software Time-tracking Client Intake 84

CaseFox

MAY 31, 2023

The traditional law firm billing process requires a lot of time and resources. For most firms, the traditional law firm billing process involves the following steps: Firstly, the firm takes on a new client and opens a fresh case. How Online Payments Can Be Game-Changing For Law Firm Billing Process?

Law firm 98

Law firm Time-tracking Billing software Law 98

Rocket Matter

SEPTEMBER 5, 2023

These are those “sneaky” expenses that aren’t quite as easy to track because you won’t always receive receipts for them. For example, your firm uses electricity and paper clips for every matter, but your firm isn’t billed for them by the client. Understandably, they’ll give pushback about unclear bills. Here’s why: 1.

Time-tracking 98

Time-tracking Software Practice management Law firm 98

Rocket Matter

DECEMBER 29, 2022

While many law firms require that their attorneys work a mandatory number of billable hours (the time clients pay for directly) per week, that isn’t the extent of a lawyer’s workload. What’s more, it could even be a compliance violation. Time tracking: what you need to know . Are you spending too much time on marketing?

Law firm 86

Law firm Time-tracking Law Law 86

MatterSuite

JULY 22, 2023

Law firms must consider factors such as regulatory compliance, data security, confidentiality, and integration with their practice management software. To ensure a seamless payment experience, integration with the firm’s website and practice management software is essential.

Law 52

Law Law Time-tracking Compliance 52

Rocket Matter

FEBRUARY 6, 2024

Billing and payments have a significant impact on your revenue, but getting them right can feel like trying to manage monkeys at the circus. Every law firm is different, and there isn’t a one-size-fits-all perfect solution for payment processing. If it’s not easy, then the billing process can take more time for everyone involved.

Billing software 52

Billing software Time-tracking Law firm Software 52

Lawmatics

FEBRUARY 13, 2024

Here are some common types of software used by lawyers today: Client intake software: Legal client intake software streamlines the process of attracting leads, following up with them, engaging them, setting up a consultation, and ultimately securing and onboarding them as paying clients.

Lawyer 52

Lawyer Client Intake Time-tracking Document automation 52

MatterSuite

SEPTEMBER 27, 2023

When it comes to keeping track of contacts, Office 365 offers the following tools: Bookings — to track meetings and schedule client appointments Connections — build, manage, and track contacts for campaigns, etc. Data Security and Compliance: The legal profession demands the utmost confidentiality and data security.

Law firm 52

Law firm Time-tracking Law Law 52

MatterSuite

SEPTEMBER 27, 2023

When it comes to keeping track of contacts, Office 365 offers the following tools: Bookings — to track meetings and schedule client appointments Connections — build, manage, and track contacts for campaigns, etc. Data Security and Compliance: The legal profession demands the utmost confidentiality and data security.

Law firm 52

Law firm Time-tracking Law Law 52

Rocket Matter

MARCH 12, 2024

After all, you need to get paid on time to keep the lights on , your team and vendors happy, and the coffee flowing. Manual invoicing and those dreaded end-of-month billing processes can make accounts receivable a drag, though. Yes, there’s client convenience, but stored payment methods also have many other benefits.

Time-tracking 52

Time-tracking Compliance Software Practice management 52

MatterSuite

AUGUST 6, 2023

Leaving little time to focus on the critical aspect of running a successful law firm — financial management. Helping you stay on track to achieve your financial goals. Tax Planning and Compliance: Tax planning is an integral part of financial management for law firms. If so, you’re not alone.

Law firm 52

Law firm Lawyer Time-tracking Law 52

Rocket Matter

JANUARY 23, 2023

Does your legal solution boost your cash flow and save time? Identifying common areas where you can save time and create better outcomes. Straightforward trust accounting features? Top-of-the-line security? Air-tight compliance protocol? How does the payment processor affect your billing workflow? ET / 11 a.m.

Law firm 52

Law firm Law Law Time-tracking 52

Lawmatics

APRIL 11, 2023

For example, all firms and lawyers must track business expenses to manage their taxes properly. Estimated taxes are due four times annually and are based on income received but not subject to withholding, such as legal fees received by an LLC. That is why law firms and lawyers must understand their finances to survive tax season.

Law firm 52

Law firm e-filing Law Law 52

Lawmatics

DECEMBER 5, 2023

In turn, lawyers can use legal tech to automate routine tasks, work more efficiently, and devote more time to complex work. The legal industry contains numerous tech solutions that address a single aspect of legal practice, e.g., document management, timekeeping, or billing. Time tracking and billing.

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Legal tech Legal tech Client Intake Time-tracking 52

AXDRAFT

MARCH 3, 2023

Lawyers will be able to spend less time on low-value tasks. At the same time, business units probably won’t be keen on assuming certain legal duties. Business managers have to request contracts and wait for a lawyer’s response, while lawyers must deal with simple yet time-consuming tasks.

Time-tracking 52

Time-tracking Software Contract management Lawyer 52

CaseFox

SEPTEMBER 26, 2023

Lawyers must stay in compliance with trust accounting IOLTA when they are choosing a retainer fee structure. As the lawyers or attorney starts working on the case, they will track time and bill against the retainer fee. If the lawyer spends less time on the case, he will have to return some amount from the deposit fund.

Lawyer 52

Lawyer Time-tracking Billing software Attorney 52