It’s Valentine’s Day and love is in the air. Believe me. It’s not easy incorporating love into a law firm management blog post, but I have found a way. Are you in love with your legal billing software? Is it bringing efficiency, accuracy and profitability into your practice? If your answer is no, allow me to introduce TimeSolv, the law firm time tracking and billing software that every member of your firm will love. Serving legal professionals since 1999, TimeSolv is a valuable tool in your efforts to improve your firm’s profitability.
Accurate Time Tracking
Inaccurate time tracking is a common problem among law firms. Note pads with time calculations scribbled on them or forgotten client tasks create an environment where your firm loses out on compensation for work completed. TimeSolv offers quick and easy time tracking. One click of the dashboard timer starts the clock running, so you can ensure accurate time calculations. In addition, its cloud based system allows your lawyers to track time from virtually any mobile device. Whether in the hallway of the courthouse or at the local coffee shop, each attorney has instant access to the TImeSolv time tracking system.
Before proceeding further, you might be interested in learning that What to look for in legal billing software? This will give you a clear understanding on how to increase productivity with efficient accounting and billing solution.
Efficient Accounting and Billing
Each month, countless law firm staff members waste valuable time and resources trying to compile and send client invoices. Traditional law firm billing has become a tedious and dreaded process. TimeSolv changes that experience by allowing your staff members to efficiently complete time and expense entries. The easy-to-use billing software provides abbreviations and existing entries can be copied for added time-saving. With TimeSolv, you can also classify your fees as billable, non-billable, fixed fee or not chargeable for better organization and tracking. It also created batch invoices with only a few clicks of the mouse, and allows for a variety of customizable invoice formats.
Are you feeling the love yet? Well, hold on. There’s even more to TimeSolv. This legal billing software gives you an up-to-the-minute view of daily, weekly and monthly time and expense entry totals. It also puts an approval process in place that promotes accurate billing, making the task less time consuming and challenging for managers and supervisors. The TImeSolv folks also take your accounting needs into consideration, allowing you to synchronize expenses and payments into or out of Quickbooks for added convenience.
Project Planning
Project planning is a relatively new concept within the legal community, but one that is proving profitable for many firms. TimeSolv is ahead of the game, with a software that allows you to create and manage individual projects with task assignments, timekeeping and client billing at predetermined milestones. This feature also allows you to set financial limits for tasks to ensure that projects stay within budget.
Client Communication
Client communication and transparency are key to a successful law practice. They promote confidence within your clients, resulting in repeat business, future referrals and timely payments. With TimeSolv, your clients have constant online access to their detailed accounts. They can view their trust account balances and work completed on a matter, even before it is included on an invoice. When payments come due, they can easily make them online, directly through the portal. In partnership with LawPay, TimeSolv eases the payment process for clients and even allows for automated recurring payments to promote timely collection of fees and replenishing of trust accounts.
Are you interested to see where a relationship between TimeSolv and your firm could lead? Find out for free with a 30 day trial. It requires no obligation or credit card to get started. Give it a try and start loving your legal billing software.
About Erika Winston:
Erika Winston is a Virginia based writer with a passion for all things legal. As a former domestic relations attorney, she understands the challenge of determining the best fee structure for your practice. Erika is a regular contributor to TimeSolv and a variety of other publications.