![]() Billing software can help automate routine tasks, such as time tracking and expenses, generating invoices, and even managing trust accounts. In addition to this, investing in LeanLaw legal billing software can also improve other aspects of your billing procedures. When you streamline and automate your billing workflow for your staff you will find that tasks like routine tasks like generating invoices, setting up payment plans or payment reminders, and tracking payments becomes work that no longer has to be directly managed by people who could be taking care of more intricate needs of your firm. Implementing a legal billing software system like LeanLaw can greatly help with this. Having a legal billing system that is hard to manipulate or tends to cause lots of errors is going to be frustrating for your valued staff and lower their overall morale. That said, it can also be a time-consuming and tedious process for a staff that is already dealing with the high workflow demands of a busy law firm.įinding the best legal staff is a process and once you have gone through the motions to recruit, train and retain them, you will want to work hard to do whatever possible to make their jobs as enjoyable as they are productive. We all know how critical correct billing is going to be to your firm. Why Improving Billing Efficiency Will Increase Your Staff’s Morale It will also result in total transparency to your clients and make sure that their trust in you and your staff always stays high. With LeanLaw, billable hours and rates can be adjusted with ease and when necessary and quickly automated into the workflow. LeanLaw has created the industry standard for the best time tracking platform that integrates with the rest of your practice management needs to provide you with the most innovative and accurate way to keep track of billable hours for everyone in your practice. One way to track your time accurately is to use legal billing software that is specifically designed for a law firm’s needs. Finding the best system to track time and capture every minute of an attorney’s busy day can still be a challenge for many firms, even those with sophisticated time tracking systems in place. Yet, accurate time tracking still continues to be a significant concern for many legal practice managers. Not only that but tracking billable time also allows a practice to identify and address any inefficiencies that are taking place in the law office and make the necessary changes to get everyone back on track. ![]() Almost everything that brings profit to a law firm is based on attorney time and tracking it accurately is a crucial component to a law practice’s success. Time is truly the most valuable commodity in the legal profession. Why Accurate Time Tracking and Expense Tracking is Crucial for Your Firm’s Success Here is a good example of a situation where an engagement letter should set some clear expectations of your firm’s billing procedures: You can even include what types of options your firm has in place for billing clients (regular mail, email or through an online portal) and what types of payment method is acceptable (mail in checks, in person payments or an online payment system.) By setting your billing and payment expectations up front, you can avoid misunderstandings down the road when you bill clients for services already rendered.Ĭlear expectations will almost always lead to better communication, less misunderstandings and an overall more positive relationship with all your clients. They should also include billing terms and policies, such as the frequency of billing and how the payment process will be handled. These types of documents should outline the scope of your work, the types of services you plan to provide, and a breakdown of how fees are billed. This can be done through simple and straightforward engagement letters and engagement agreements. One way is to communicate your billing guidelines and expectations clearly to your clients, even before you start working on their cases. This is why it can be helpful to set realistic billing standards and expectations well before a new client asks to retain you for your legal services. Even in today’s highly tech era, word of mouth is still a valuable asset for many legal practices, regardless of their size or location. Having a valued client decide to dispute a specific charge has harmed many law firms reputations and has led to lost business. ![]() Why Setting Clear Billing Expectations Leads to More Profit and ProfessionalismĪs a legal professional, you know that billing disputes can be a headache in more ways than one.
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