Our team is constantly exploring new and innovative methods to provide service while working with existing clients to ensure that we continually meet
the billing needs of their law firm.
Not exact matches
Arguably,
billing and accounting is at the top
of a
law firm's hierarchy
of needs which would explain why PCLaw has more market share than any other case management solution (cloud - based or otherwise).
Where small
firm lawyers who are overwhelmed by administrative tasks would not
need to do them: They could join a franchise, which, benefitting from external investment, would have the resources to develop and offer to a large number
of small
firms streamlined IT infrastructure,
billing, marketing and file management, advertising, and a branded name and logo, freeing the lawyers to practice
law.
As this interaction between consumer, courts and lawyer becomes more apparent,
law firms are growing increasingly conscious
of the
need to oversee quality, how time is spent, results and
billing, the ingredients
of cost - effectiveness.
By starting off every
billing period with a legal assessment that provides the company with a clear understanding
of its upcoming legal
needs for the next few months, The Food
Law Firm is able to establish long - term working relationships with its clients.
If, for example, unethical recording
of billable hours is an issue in large
law firm practice, the circumstances
of practice in a
law firm, and the regulation
of law firms (by clients or by regulators)
need to be designed to discourage unethical
billing.
Jack Newton, CEO
of Clio, which produces practice management software, cites what he calls a «client appreciation curve» to argue that
law firms need tools to allow them to automate
billing and collecting processes immediately after the work is completed.
These
law firms were a reaction to the rise in Plaintiff's
law firms retooled to gather the technical information and expertise (often gathered by government agencies and burgeoning universities fueled by GI
Bill enrollment) that was
needed to prosecute product liability cases and mass torts and to manage massive amounts
of discovery and class action lawsuit in this complex litigation.
The January issue
of the Legal IT Insider newsletter is out now, top stories include... Dealroom & extranet specialist HighQ receives $ 50 million in private equity funding — Goldman Sachs and Morgan Stanley among the investors + Intapp acquires Rekoop and now has 70 %
of UK
law firm time capture market + New Heads
of IT at Macfarlanes — Andrew Powell headhunted from Nabarro as Maurice Millen retires + Edie Dillion promoted to global CIO at Norton Rose Fulbright + Ediscovery — the race is on to consolidate as deals spur «feeding frenzy» among Silicon Valley investors & scrabble by vendors not to be left behind + Zoopla GC Ned Staple Talks Tech:
law firms need better time &
billing software — real - time
billing portals would be helpful
Although
law firm billing software like CosmoLex takes the place
of a lot
of old paper - based
billing, there are always going to be times you
need to print paper checks.
As a legal budget owner, I am responsible for and
need to manage this spend, or else the
law firms will
bill me out
of a job!
Cloud - based, mobile - friendly, and built specifically for the legal profession, Clio delivers all
of the tools modern
law firms need to run a successful practice: calendaring, time tracking, note - taking, document management, task management, legal accounting, bookkeeping, and
billing.
It is time to join the technological revolution with CosmoLex, the legal
billing system designed specifically for the
needs of solo and small
law firms.
To make this work,
law firms need a legal
billing service that allows for time management and
billing of services, even when tasks are completed away from the office.
«The problem for many transactional lawyers is that so much
of the economics
of a big
law firm are based on an unrealistic number
of hours that
need to be
billed simply to sustain a robust, profitable operation.
Law firms everywhere are transitioning to alternative
billing practices to meet the changing
needs of their clients.
Likewise, eBilling vendors will
need to implement the new J - Codes, as the
law firms will
need to record them, and this will enable an easier comparison
of client
bills to the eventual
Bill -
of - Costs presented to the courts at the culmination
of the case.
To associate this new
Law Firm Profile with specific clients and / or matters, you will need to configure the LocationTag extended field, found within the Configure Mapped Clients section of eBillingHub, by populating the city, state, or internal code you chose in step number three above within EBH Storage and / or a user defined field within your firm's time and billing sys
Firm Profile with specific clients and / or matters, you will
need to configure the LocationTag extended field, found within the Configure Mapped Clients section
of eBillingHub, by populating the city, state, or internal code you chose in step number three above within EBH Storage and / or a user defined field within your
firm's time and billing sys
firm's time and
billing system.
Multiple Points
of Data Entry — A
law firm's accounting
needs can only be efficiently met when there is constant communication between the
billing and accounting systems.
Equally important to the success
of a
law firm is the
need to improve the effectiveness
of its attorneys»
billing and collection practices.
While Legal Tech has been more commonly associated with the application
of technology and software to help
law firms with practice management, document storage,
billing, accounting, and electronic discovery, in the last few years it has blossomed more into a means whereby access can be granted to people through online software that might reduce or even eliminate the
need to consult a lawyer.
For
law firms to get smart about bidding on work they
need a legal management infrastructure with deep knowledge and understanding
of their matters, staffing resources,
billing rates and spending data.
As Steve points out, focusing on how a
law firm bills its services obscures the more fundamental conversations around value and cost that are
needed to frame the process
of negotiating price.
Any documentation is better than none, but ideally
law firms should be using dedicated legal
billing and accounting software to give the level
of documentation and detail that might be
needed when facing an ethics inquiry.
We know that you have your preferences
of legal
billing software, so we take the extra time and effort to ensure that your TimeSolv experience is convenient, comprehensive, and responsive to the
needs of your
law firm.
I was pleased to read the post on 3 geeks about value
billing as this is definitely a topic that
needs exploring further, not least because I'm astonished by the number
of law firm partners who continually tell me that it's for clients to find a pricing model that works for the
firm's services.
The implementation
of CosmoLex's comprehensive offering that includes
billing, accounting, and practice management can create a
need for expert - level local help in navigating a
law firm's specific
needs.
In the initial set up phase, TimeSolv representatives review your
law firm time and
billing needs and provide specified assistance with the creation
of:
The goal
of this subcommittee is to define an industry standard REST Software API specification that will allow
law firm time and
billing applications to communicate directly to the corporate legal department matter management and e-
billing applications, allowing
law firm users to simply work within their time and
billing applications to view the status
of an invoice and to submit invoices, accruals and other legal data, eliminating the
need to manually create and upload LEDES files to various systems.
We created Tabs3, the most award winning legal
billing software, and used our more than 35 years
of experience to design a cloud program that is tailored to the
billing needs of solo and small
law firms.
They and others have found ways
of entering the market short
of ownership
of law firms and so without the
need for an ABS licence as envisaged by the Legal Services
Bill.