Legal Billing

Legal Rainmaking: Eight Steps for Managing your Legal Practice More Efficiently Using Legal Billing & Management Software

Legal rainmaking is not solely about bringing in new clients and greater revenue. It’s also about paying attention to where the money is going and putting efficient processes in place to promote greater profitability. Two tools you absolutely need for improving the efficiency of your law practice are an effective legal billing system and law…

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5 Most Popular Legal Accounting Software for Cutting-Edge Legal Firms

When it comes to your law firm’s basic accounting needs, there are numerous legal accounting software options on the market. From cost-effective alternatives to extensive accounting platforms, you are sure to find the tools you need to address your general accounting needs. However, while these platforms provide functions that allow you to perform your firm’s…

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Tip of the Week: Related Parties and Conflict Search

The way that attorney’s ethics rules are written, they are not allowed to work with a client if their matter involves conflicts of interest with another client. For example, a wife seeking divorce has a conflict of interest with her husband seeking child custody. Attorney’s can only side with one of the two ends, and that’s…

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Law Firm Tips: Four Tips for Improving Database Security within your Legal Practice

How secure is your law firm’s database? As a legal professional entrusted with your client’s valuable information, you have an ethical duty to protect client data… so, cybersecurity should have a consistent spot at the top of your worry list. Hackers never take a break from their efforts to breach databases and steal data. So,…

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7 Trust Accounting Principles Worth Remembering for Lawyers

Trust accounting can be a challenging part of legal practice. You are both responsible to your clients for the safekeeping of their property and responsible for following all of your state’s applicable trust accounting rules. When operating a trust account, there’s no room for mistakes because errors could result in some serious consequences. So, I…

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Visualizing the Future of Legal Technology in 2019

It’s hard to believe that we are already a month into the year, but there is still a lot of 2019 to go – plenty of time for your law practice to benefit from the ever-changing developments in legal technology. While some of these advancements are improvements on legal technologies you already use, others are…

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Tip of the Week: Creating matter budgets

A robust budgeting tool allows you to contain your business costs and focus on strategic roles. Through budgeting, you can even make appropriate risk assessments against specific matters. This week’s Tip of the Week takes a look at how TimeSolv users can set up their matter budgets. To start with, head under Clients>Clients & Matters>[matter…

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Tip of the Week: Setting up a tax or admin fee

TimeSolv allows users to easily set up the taxable status for each client separately, and define the individual rates for time and expense entries. Alternatively, your practice may charge other monthly percentage fees, such as an Admin Fee. This Tip of the Week will walk you through setting this up.   Setting up tax Users…

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Increase law firm profitability by effective hiring and management of staff

Effective hiring and management of staff is so important for law firm profitability. When there is the responsibility of conducting important legal tasks lying on the shoulders of the staff, the organization does not want to be caught up with ethical difficulties or client disputes as a result of a poor ineffective team. The staff…

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Tip of the Week: Setting up and managing commissions for attorneys

Commissions and performance-based bonuses can be considered an important component. This week’s Tip of the Week walks users through on how to set up and manage commissions for attorneys. Firstly, an Administrator user that has access to firm-wide settings needs to head under Account>Settings. Under the General tab, there’s a field ‘Enable Commissions‘. Check that…

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Tip of the Week: Mark draft invoices as “review completed”

So, as you probably already know that while users could open, view, and edit draft invoices, there was no way to actually mark an invoice as ‘review completed’. Well, now there is! This week’s Tip of the Week will take a look at how to mark a draft invoice as ‘review completed’ and thereby view…

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Eight Ways Lawyers Can Advertise Online for Free

Marketing can take up a significant portion of your law firm’s operating budget. From website maintenance to advertising costs, it’s a necessary task that can potentially turn into a huge financial burden. That’s why it’s important to recognize and utilize the various free marketing tools available to attorneys online. Whether it’s a resource that celebrates…

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