LEDES Enhancement for Line Item Adjustment
1 min read

LEDES Enhancement for Line Item Adjustment

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
3
Share:
1 min read

TimeSolv Legal provides invoices in LEDES98B (LEDES – Legal Electronic Data Exchange Standard) format.   TimeSolv Corporation is a member of the LEDES Oversight Committee and we are committed to meeting the LEDES98B guidelines.

Now we have added another feature that allows timekeepers to enter line item adjustment to their LEDES bills.

How does it work:  when entering time requiring line item adjustment, enter time, rate, and fixed fee amount to indicate the total for a time entry.  TimeSolv will automatically calculate the adjustment required based on difference is Hours X Rate and Fixed Fee.  Mathematically, the Adjustment = Fixed Fee – (Hours X Rate).  Please note that the if you edit this type of transaction, you will have to re-enter the rate manually.

This feature is required by some billing systems for fixed fee billing.  Feel free to contact TimeSolv Customer Support at support@timesolv.com if you need assistance with LEDES billing.

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

Subscribe to our newsletter

You might also like

TimeSolv - A superb 2022

TimeSolv: A Superb 2022

Thank you to our customers and employees for turning 2022 into another blockbuster year...
Lowering Your AR at Your Legal Practice

Lowering Your AR at Your Legal Practice

Law school taught you how to provide excellent legal services—conducting detailed...
Investing in a Client Portal: Pros and Cons for Law Firms

Investing in a Client Portal: Pros and Cons for Law Firms

The sheer amount of information that a law firm keeps track of—even for just a single...
TimeSolv Buyer’s Guide

Buyers Guide 2022: Time, Billing, Accounting & Payments by LegalTech Publishing

How TimeSolv helps law firms boost profitability  For law firms, everything depends on...
4 Top Features of Your Client Portal

The Top 4 Features to Look for in a Client Portal

Between billing, time tracking, and providing status updates to clients, administrative...
Modern-Payment-Processing-for-Lawyers

Modern Payment Processing for Lawyers

The way consumers pay for things has been changing for some time now. Surveys note that...

The Best Choice for Personal Injury Legal Software

As personal injury lawyers seek methods for growing and improving their firms, they may...

Criminal Defense Legal Tech Changes Brought on by COVID

COVID-19 resulted in a lot of changes within the legal industry, requiring criminal...

Best Option for Criminal Defense Legal Project Management Systems (CDLPM)

Criminal Defense Legal Project Management (CDLPM) divides individual criminal law...

Three Major Family Law Firms Challenges that can be Overcome with Legal Tech

Family law attorneys deal with a variety of challenges as they work to maintain the...