Comprehensive Attorney Billing Software
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Posted On :
Nov-10-2011
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Article Word Count :
539
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Lawyers and attorneys are busier than ever and to help them maintain records and account, they have access to attorney billing software. However, not all software includes the needed features.
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Lawyers and attorneys are busier than ever and to help them maintain records and account, they have access to attorney billing software. However, not all software includes the needed features. A law firm billing software needs to comprehensively cover all the specific requirements of record keeping, billing and accounting that are specific to legal practice in the United States, in consonance with its laws, further complicated by the fact that each state may need a lawyer to comply to local rules too.
Before choosing a lawyer billing software, attorneys need to check and consider whether that particular software offers them what they need. If one important part is left out, then the utility of the software reduces dramatically and may even be worthless as a lawyer will have to maintain the record manually. Billing and accounting are inter-related and if an important element is left out it does not serve the purpose at all. When considering a legal billing and accounting software, attorneys need to consider the features and scope for future upgradeability.
Minimally, a lawyer billing software should cover the basic requirements of billing and software. Lawyers follow different billing methods for each client and one particular client may be billed on an hourly basis in one particular matter while the same client may be paying him a fixed fee for another matter.
Consider the desirable features of a law office billing software:
• A facility to bill according to arrangements with clients either on an hourly basis, on a fixed fee basis, on a retainer plus hourly and on a contingency basis as may be previously agreed upon. The legal billing software keeps track of each individual case and related expense for each client. In case of retainer plus hourly billing basis, the software automatically creates an alert when funds fall below a defined level.
• A feature that keeps track of each individual case, billable hours and related expenses in respect of multiple cases for a single client on a matter based record keeping basis.
• An ability to keep track of all monies received towards billable hours and for expenses according to State defined code of ethics to answer all audit queries when raised.
• A feature that keeps perfect trust accounts in respect of retainers paid by clients to comply with existing federal and State laws, keeping lawyers safe from any charges of negligence in case of audits in future.
• A lawyer may need reports and statements at any time and the law firm billing software easily provides this. An attorney may wish to be alerted to the outstanding receivables and have weekly, fortnightly or monthly statements to ensure that cash flow is maintained through regular billing.
As a practice grows, an attorney needs a software that does virtually all the back office functions for him. Moreover, it should be easy to operate, be very user-friendly and provide a variety of statistics and reports when needed besides archiving old cases and making them available whenever needed in future. A legal billing software like this saves a lot of time for lawyers and lets them focus on their cases and clients.
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Article Source :
http://www.articleseen.com/Article_Comprehensive Attorney Billing Software_102404.aspx
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Author Resource :
A comprehensive guide for law firms to understand, evaluate and select best billing software for lawyers, legal time and billing software, legal billing and accounting software, law firm billing statement, lawyer billing software, law office billing software, legal billing software.
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Keywords :
law firm billing software, legal billing and accounting software, best billing software for lawyers, law office billing softw,
Category :
Business
:
Management
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