What to Look For in Legal Billing Software
2 min read

What to Look For in Legal Billing Software

Written by Misbah Siddiqui

Free on-demand webinar

How to Get Clients to Pay On Time: 15 Tips in 15 Minutes!

Watch Now

Recommended by

ForbesAdvisor - The Best Legal Billing Software Of 2022

Learn How You Can Get More Reviews For Your Law Firm

Download free guide
Table of contents
2 min read

Online Legal Billing Software Provides Special Benefits For Legal Firms

More and more law firms are finding cost-saving value by moving from in-house invoicing software to online legal billing. Good online billing software offers a few advantages over traditional billing software solutions. Not only are the best online solutions are easier to use, they are always up-to-date, and offer integration with the latest QuickBooks, and QuickBooks Online. And while the move to online billing software enables companies from many different industries to increase the efficiency of invoicing, save money, and capture more billable hours, legal firms will see more benefits from online software solutions that include legal billing programs.

Here is a short guide to some key features every legal firm should look for in a legal billing software solution:

Specialized Legal Billing—The best online legal billing programs should offer seamless integration with standard legal electronic billing formats. The best billing solutions will automatically code activities using UTBMS (Uniform Task-Based Managements System) and export invoices into LEDES (Legal Electronic Data Exchange Standard) file formats when electronic billing is needed.

Trust Account Management—Online legal billing programs should also have functionality that lets you manage trust accounts. In particular, law firms should look for solutions that keep track of incoming and outgoing money in trust accounts so that invoices against the trust and payments to third parties are properly tracked.  In addition, the trust transactions for each client can easily be reported for tracking.

Conflicts Management Solutions—Another feature to look for in a legal billing program is conflicts management. During the client intake process, law firms should check to see if taking on a particular client would be a conflict of interest. As new clients and matters are entered into time tracking and billing tools, parties related to a particular matter are entered that can be used to crosscheck new clients against prior work to vet them for potential conflicts of interest.

Abbreviations—Some legal billing software allows regular activities to be coded as abbreviations for time entry. When invoices are generated, the abbreviations are expanded to match defined tasks. Not only does this functionality reduce the amount of typos and errors on invoices, it allows law firms to craft their own branded language that conforms to their law practice and ensures that invoices use the tone they want to convey to clients.

Are you looking for an online legal billing software solution that has specialized legal billing features? TimeSolv Legal is designed with the specific needs of law firms in mind, and offers the most robust set of features available. Contact TimeSolv for a free 30 day trial.

Stay up to date with the latest articles, educational resources, and news

Subscribe to our newsletter

You might also like

Tip of the Week Introducing Unique ID for Time Entries

Tip of the Week: Introducing Unique ID for Time Entries

In the fast-paced world of professional services, managing time efficiently is paramount...
Take Your Law Firm’s Expense Tracking to the Next Level

Take Your Law Firm’s Expense Tracking to the Next Level

When it comes to your legal firm’s success, every minute counts—and so does every...
Five Mid-Year Mistakes Every Law Firm Makes and How to Fix Them

Five Mid-Year Mistakes Every Law Firm Makes and How to Fix Them

It’s official: we’ve made it halfway through 2023. And while there’s not a big mid-year...

Law Firm Time-Saving Hack: Making eSignatures Faster with LexShare, LexSign, and Outlook

As an attorney, you’re no stranger to the frustrations of obtaining signatures on legal...

Choosing the Right Cloud-Based Legal Time and Billing Software for Your Firm

We understand how challenging it can be to find the right cloud-based legal time and...

How Online Payments Simplify Payment Reconciliation

Legal professionals have important fiduciary responsibilities to their clients....

5 Benefits of Moving Your Legal Billing to the Cloud

More attorneys than ever before are using the cloud to complete legal and administrative...

How Cloud-Based Legal Time and Billing Software Can Save You Time and Money

In the legal profession, time is money—and every billable hour is an opportunity to...

Data Security in the Cloud: What You Need to Know

Cloud-based legal software has become a popular choice for law firms because it’s...

Spring Cleaning? Start with That Pile of Papers on Your Desk.

Paper piles up.   Even in an age when email and texting are standard, paper remains a...