Best Legal Billing Software

Electronic billing software features make it simple to track and bill clients when using alternative billing arrangements. For example, Clio’s flat fee feature immediately adds a billable amount under the Work In Progress area of a Matter—making invoicing simple when it’s time to bill. This eliminates the need for time-consuming manual checks, reduces errors, and speeds up approval. Automation also simplifies the tracking of outside counsel billing practices, making it easier to identify areas for improvement and cost savings. This can be especially useful when understanding how to resource future work, including making insource/outsource decisions, and moving work to more cost-efficient vendors.

Invoice Totals:

Clients can compare invoiced legal costs to agreed-upon prices and services. Law firms can use e-billing platforms to create and submit electronic legal invoices to their clients. Schedule a demo or sign up today to experience the benefits firsthand and revolutionize the way your corporate legal e-billing legal department works. Don’t miss out on the opportunity to unlock greater efficiency, compliance, and financial control with the best legal billing software.

Standalone Billing Software vs. Legal Management Platform

Founded in 2008, Clio introduced the first cloud-based practice legal management software for law firms. Clio Payments—which is Clio’s built-in payment solution—offers a fast, flexible, and QuickBooks convenient way to manage a law firm’s collections. Firms can then easily review these electronic bills and set up templates, automations and more. For example, some organizations require electronic bills to follow specific guidelines for standard billing formatting, like the Legal Electronic Data Exchange Standard (LEDES).

for Attorneys & Law Firms

Invoices that appear to violate billing guidelines can be flagged for further scrutiny. Modern corporate legal teams are turning to e-billing because it improves accuracy, saves time, and increases outside counsel guideline compliance rates. Artificial intelligence is just beginning to impact law firm billing tools, but law firms are already seeing some of the benefits. You must be confident that your legal billing software is following compliance guidelines at every turn. Legal professionals must comply with several regulations that govern trust accounts. Look for the ability to customize invoice templates with your law firm’s logo and other personalization.

What is LEDES Billing? A Guide for Lawyers

As trust builds and disputes lessen, invoices are paid more quickly and law firms have a steady cash flow. If the invoice is approved upon receipt, it can typically be processed and paid quickly, since there is no need for further communication with the law firm. This happens more often with e-billing software since clients understand the charges and feel less of a need to question the bill.

• The National Law Review is not a law firm nor is  intended to be a referral service for attorneys and/or other professionals.
• Founded in 2008, Clio is the world’s leading provider of cloud-based legal software.
• 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.
• This allows you and your team to make more informed decisions that strengthen the company.
• And, generative AI assistants can be used to automate data analysis and reporting, providing you with immediate answers to your spending questions.
• Because of the close relationship you’ve built, offering a more client-centered experience only feels natural.

It can help track legal spending and receive alerts when the budget is approaching its limit. Most legal e-billing software make trust accounting simple with their internal systems. Set and manage client trusts and Interest on Lawyer Trust Accounts (IOLTA), while real estate cash flow staying compliant with the fund level and other regulations. Set up alerts to warn you of over-drafting, or have your trust automatically pull funds when needed.

• Whether your law firm uses legal billing software to send invoices electronically to individual or corporate clients, it all adds up and saves your firm time.
• This level of precision and automation is crucial in an industry where accurate billing directly influences a firm’s revenue, trustworthiness, and client satisfaction.
• Contact us today and start getting honesty, transparency, and results from your legal marketing firm.
• Using legal billing software helps to eliminate some or all potential human errors by automating several processes that are normally done manually, which also saves time.

This analysis might look at types of clients, types of cases, and different attorneys’ and paralegals’ work. Time59 is a standalone legal billing program that’s a great option for law firms looking to stick to a strict budget. But whether you’re choosing legal billing software for the first time or looking to upgrade, the selection process can be daunting. Legal billing software can improve your law firm’s bottom line in multiple ways. Founded in 2008, Clio is the world’s leading provider of cloud-based legal software. One reason why tens of thousands of legal professionals choose Clio’s cloud-based software?

What’s Clio?

Boost efficiency while saving time and money with automated invoice review. Our system handles multiple formats and languages, including LEDES, to streamline legal billing and enhance communication with outside counsel. Between 2018 and 2020, there was a considerable increase in the number of legal ops leaders who focused on tracking internal spend (a 35% increase) and external spend (32%). Tracking and understanding spend by creating spreadsheets from scratch is time-consuming and error-prone. A legal e-Billing system provides a much more efficient and accurate solution. By staying specific to billing and accounting tasks, LeanLaw won’t overhaul your entire firm’s workflow process, thus keeping your implementation costs to a minimum.