Why Your Law Office Cannot Rely on Excel for Billing

Why Your Law Office Cannot Rely on Excel for Billing

Traditionally, Microsoft Excel has been the go-to product for businesses that were looking to upgrade their accounting processes and use modern methods for time tracking and invoicing.  For many, it worked completely fine due to the large number of available templates that Microsoft had released with it.  Law firms especially were attracted to it as […]

Common Challenges with Legal Billing and the Payment Collection Process

Common Challenges with Legal Billing and the Payment Collection Process

Law firms regularly run into many types of challenges when they fail to implement efficient time tracking and invoicing systems into their billing and collection process.  Regrettably, these challenges are universal and can easily affect law practices of any size.  This is due to firms having many moving parts that have to deal with the […]

The Benefits of Switching to Paperless Billing

The Benefits of Switching to Paperless Billing

Switching to a paperless billing system is not something that happens overnight for law firms. It requires thorough planning and finding the right technological solution that can effectively replace the entire billing process from start to finish. If a legal practice switches to the wrong solution, it can become a painful process that may not […]

The Need for Compliance Between Law Firm Billing and Trust Accounting

The Need for Compliance Between Law Firm Billing and Trust Accounting

Keeping track of trust funds (also called as IOLTA accounts) is not an easy task for law firms. It is a standard practice for law firms to collect advance client payments (retainers) as trust funds and apply them against outstanding invoices. In law practice, trust account management is a sensitive ordeal because any mishandling of […]