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

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

Lawmatics

FEBRUARY 22, 2024

Legal billing is important for several reasons, including revenue generation, client expectations, financial management, compliance, and more. Financial management: Billing software helps track billable hours, expenses, and payments, providing insights into the firm's financial performance and cash flow.

Billing software 52

Billing software Software Time-tracking Dispute resolution 52

Debevoise Data Blog

MARCH 6, 2023

Department of Justice (“DOJ”) announced several updates to its corporate enforcement policies, in significant part formalizing recent pronouncements about corporate compliance programs. This includes developing and implementing effective programs that foster a compliance-promoting culture and holding individual wrongdoers accountable.

Compliance 52

Compliance Prosecutor Legal advice Time-tracking 52

CaseFox

APRIL 4, 2023

As a legal professional, managing your billing process can be a daunting task, and without a proper law firm billing software, it can take up a significant amount of your time and effort. You can track your time by starting and stopping the timer or by entering the hours manually.

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Billing software Software Time-tracking Software design 98

MatterSuite

APRIL 20, 2023

As companies grow and expand, they face a range of legal challenges, from regulatory compliance to contractual disputes, intellectual property infringement, and more. Legal departments need to allocate budgets, track expenses, and manage legal bills to ensure they’re not overspending on legal fees.

Intellectual Property 98

Intellectual Property Time-tracking Compliance Software 98

Legal Tech Blog

OCTOBER 10, 2023

Personal injury law firms also have specific legal obligations and procedures around medical record keeping and documents, expense tracking, and receiving payments from other law firms. They require secure, compliant software to store and process personal health information in compliance with HIPAA regulations.

Law solutions 111

Law solutions Injury Lawyer Lawyer Time-tracking 111

MatterSuite

JANUARY 23, 2024

From matter management and contract lifecycle management to e-billing and compliance, ELM solution provides a unified platform that empowers legal professionals to work more efficiently and strategically. Tasks that traditionally required intricate manual coordination can now be automated, significantly reducing the time and effort invested.

Software 52

Software Time-tracking Compliance Analytics 52

Centerbase

JANUARY 29, 2024

From tracking billable hours to capturing every minute detail, top software ensures that timekeeping is not just a task but an art form. With these features, automated time tracking helps law firms eliminate time leakage and inaccuracies. Here are the key features to look for in a game-changing legal software solution.

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Billing software Software Time-tracking Legal software 52

MatterSuite

JULY 27, 2023

Tracking billable hours helps assess the productivity and utilization of lawyers and enables accurate billing to clients. Turnaround Time: Turnaround time measures the speed at which legal tasks or projects are completed. It is particularly important for time-sensitive matters, such as contract reviews or court filings.

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Time-tracking Compliance Law firm Contract management 52

Lawmatics

APRIL 2, 2024

Fortunately, comprehensive legal billing software for small firms can track billable hours, generate invoices, and manage client accounts efficiently. Plus, simplifying the billing process shortens the time frame and increases profitability. How do You Simplify the Billing Process at a Law Firm? The result? Quickbooks.

Law firm 52

Law firm Software Billing software Time-tracking 52

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. Download free guide Five great reasons to track matter costs Whether matter costs are hard or soft, you’ll want to track them closely. Some soft matter costs are a subset of your overhead costs.

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Time-tracking Software Practice management Law firm 98

Lawmatics

JANUARY 18, 2024

It involves documenting the time spent on various tasks, such as consultations, research, court appearances, and document preparation, and then assigning appropriate billing rates to calculate the fees owed by the client. Legal billing is the process of invoicing clients for legal services provided by attorneys or law firms.

Billing software 52

Billing software Software Time-tracking Law firm 52

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

SEPTEMBER 4, 2023

Organizations’ legal departments continually grapple with managing intricate matters, regulatory compliance, contracts, and numerous legal responsibilities. Departments manage diverse data—cases, contracts, compliance, and litigation. Integrating these disparate data sources can be complex and time-consuming.

Time-tracking 52

Time-tracking Compliance Case management Analytics 52

Simple Legal

MARCH 25, 2024

Our platform offers rigorous event tracking and timely notifications, ensuring that no deadline slips through the cracks. With a centralized solution for tracking and managing legal events, in-house teams can eliminate the risk of missed deadlines and the potentially devastating repercussions that accompany them.

Failure-to-appear 52

Failure-to-appear Time-tracking Court Lawsuit 52

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. Case management software: Manages and tracks the details of legal cases, including key dates, contacts, and case-related documents.

Legal software 52

Legal software Legal software Software Time-tracking 52

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

MatterSuite

JULY 25, 2023

Key Benefits of Implementing Legal e-Billing Software for Corporate Legal Departments Enhanced Efficiency and Time Savings: One of the most significant advantages of legal e-billing software is its ability to automate various billing tasks. Resulting in enhanced efficiency and substantial time savings.

Billing software 52

Billing software Software Time-tracking e-records 52

Lawmatics

FEBRUARY 15, 2024

Lawyers typically bill for their services in one of several ways: Hourly: Bills are based on the hours spent on a case or project, with time tracked in increments, e.g., tenths of an hour. Flat: A set fee for certain services, regardless of the actual time spent on the matter. How does billing software work?

Billing software 52

Billing software Software Time-tracking Analytics 52

LawSites

APRIL 19, 2023

Aderant , the company that provides business management software for law firms, said today that it will soon release an AI-powered product that will automate law firms’ compliance with outside counsel guidelines. Reduce the cost of compliance. It then helps create and validate rules at each step of the time-and-billing process.

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Law firm Time-tracking Compliance Law 56

Legal Tech Monitor

APRIL 19, 2023

Aderant , the company that provides business management software for law firms, said today that it will soon release an AI-powered product that will automate law firms’ compliance with outside counsel guidelines. Aderant is proud to offer the first advanced AI platform that ensures compliance across the entire time and billing journey.”

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Law firm Time-tracking Compliance Law 52

Law Technology Today

AUGUST 24, 2023

Similarly, if the client paid a retainer that the firm bills against, timely withdrawal of earned fees becomes crucial to avoid commingling firm funds with client funds. Consequences of Commingling Funds Whether intentional or accidental, attorneys found to have commingled funds can face a variety of consequences.

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Law firm Electronic payment Time-tracking Law 81

MatterSuite

JULY 29, 2023

By automating routine tasks and ensuring compliance, legal technology empowers legal professionals to focus on high-value work. Automation of Routine Tasks : Legal professionals often find themselves burdened with repetitive and automated time-consuming tasks. Ensuring adherence to relevant laws and reducing the risk of non-compliance.

Legal technology 52

Legal technology Legal technology Contract management Time-tracking 52

MatterSuite

JUNE 12, 2023

But here’s the question: How can technology empower these teams to make a genuine difference, far beyond simply keeping up with the times? Traditional paper-based systems can be time-consuming, inefficient, and prone to errors. And action holds the power to profoundly impact lives and society as a whole.

Time-tracking 98

Time-tracking Legal research Document management Legal Database 98

Bigfork Tech

OCTOBER 24, 2022

These stages include intake, authoring, process and workflow, negotiation and approval, repositories, execution, ongoing management and compliance, and contract renewal. 2) Time and Cost Savings Save time and money by reducing administrative work. 2) Time and Cost Savings Save time and money by reducing administrative work.

Time-tracking 52

Time-tracking Compliance Legal software Legal software 52

Centerbase

APRIL 22, 2024

Target new opportunities for profit Typically, law firm reporting software allows users to generate reports to track billable hours, expenses, and invoices. Standard reports may include details such as client billing summaries, unbilled time and expenses, and aging invoice analysis.

Time-tracking 52

Time-tracking Law Law Law firm 52

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

CaseFox

FEBRUARY 27, 2023

For example, document automation can significantly reduce the time and effort required to draft and review legal documents. This means that lawyers can spend more time on complex and vital aspects of their work, rather than on repetitive tasks. However, law tech can help reduce the costs associated with legal operations.

Legal tech 97

Legal tech Legal tech Law firm Document automation 97

MatterSuite

MARCH 27, 2024

The process could be inconvenient and time-consuming. This eliminates the need for physical meetings, saving valuable time and resources for both lawyers and their clients. Travel Hassles: Scheduling a mobile notary or notary signing agent can involve additional travel costs and time commitments for both parties.

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Notary Law firm Law Law 52

Rocket Matter

AUGUST 1, 2023

Imagine handling dozens of bank accounts that you move money in and out of on a daily basis while tracking every transaction down to the penny. Managing trust accounts manually can be a huge drain on your time and energy, but leveraging a solution designed to meet trust accounting requirements takes the burden off of your team.

Time-tracking 52

Time-tracking Law firm Compliance Software 52

MatterSuite

AUGUST 22, 2023

Today, we rely on law practice management platforms to maintain case records, time-tracking, billing, scheduling, and much more. This should include tracking case details, deadlines, contact information, and documents. This feature will also allow you and your law firm team to track the progress of your active cases.

Practice management 52

Practice management Time-tracking Law 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. Deliberate Double Billing Deliberate double billing involves a lawyer or law firm intentionally billing a client multiple times for the same work. 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. Deliberate Double Billing Deliberate double billing involves a lawyer or law firm intentionally billing a client multiple times for the same work. Set Billing Frequency: Establish billing frequency (e.g.,

Billing software 52

Billing software Time-tracking Software Machine learning 52

Rocket Matter

NOVEMBER 21, 2023

Take the time to explore potential deductions that may apply to your practice. However, it's crucial to ensure that these donations are made to eligible charitable organizations and are properly documented for compliance. Now is the time to verify! One too many “Season’s Greetings” emails.

Law firm 52

Law firm Time-tracking Law Law 52

LawSites

FEBRUARY 27, 2023

The additional features, such as time tracking and invoicing, are designed to bridge the gap between a pure payments platform and a full-featured practice management platform, providing a middle option for attorneys who do not need a full practice management solution, the company said. “We Time and expense tracking.

Practice management 52

Practice management Electronic payment Time-tracking Compliance 52

MatterSuite

JANUARY 14, 2024

Legal practitioners operating in multiple jurisdictions must meticulously navigate these variances, ensuring compliance with the specific rules governing each state in which they practice. Opting for courses from reputable providers not only ensures compliance but also enhances the overall quality of the learning experience.

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Legal education Lawyer Compliance Time-tracking 52