Law Firm Billing Solutions

There are different types of law firm billing solutions available over the internet today. Over the last few years, accessibility to and use of law firm billing solutions have increased. Of course, it is a hot and popular product and offers multiple solutions and great functionality to law firms across the world. In a way, this solution or software is the first step towards streamlining time and billing for law firms using a type of e-billing technology.

There are basically three categories of law firm billing solutions available: for big law firms having more than 30 employees, for law firms with less than 25 employees, and for solo practitioners. If you are looking for a law firm billing solutions then the first thing to identify is the size of your law firm. Most of the top billing solutions for law firms comprise of a completely integrated system that will help you to track the total billable time of your law firm as well as revenue and costs. Some of the primary features of top-of-the-line billing solutions include:

1. Functionality for enhancing hourly billing
2. Functionality to ensure that you can create reports related to flat fee billing, minimum fee billing, contingency billing, and payment plan billing
3. The law firm billing solutions will help you to track time utilized in each of the client cases
4. The billing solution will initiate batch billing and can print or email any invoice within a matter of seconds
5. One of the salient points is the ability to create recurring billing with ease. You can create day-wise, week-wise and even monthly bills and ensure that they are a part of the billing cycle.
6. The billing solution for law firms ensure that contingency and retainer billing is easier than ever before
7. Most of the high-end law firm billing solutions offers an option to preset default hourly rates, which can be used for individual users
8. With the help of the software, you will be able to create bills for multiple client cases within a single invoice
9. You can even customize the permission levels for each user in your law firm
10. You can easily derive late payment status reports as well

One of the most important aspects of any law firm is accounts payable. Every law firm needs to bill their clients and the billing should not show over-charge or under-charge. It is extremely important that the invoices created are based on actual billable hours and not otherwise. Hence, you should always choose reputable law firm billing solutions that can ensure correct entry of data and management of billing data.

Most top-end law firm billing solutions are integrated with a time and billing functionality, which provides any law firm with the ability to capture all client advanced costs quickly and with ease to multiple ledgers. As a result, you will be able to maintain detailed aged accounts payable files as well, which can be used for reference to a particular client case. The main aim of the law firm billing solutions is to make it easier for your law firm to manage client expense or payment information with ease.


For further information, please visit Law Firm Billing Solutions

Billing Advice

Great advice from Sally Kane, an attorney and freelance writer specializing in legal, career and business topics published in About.com:Legal Careers.

She states: “Tracking and billing time to clients is an important and inevitable part of working in a law firm. Partners, associates, paralegals, litigation support staff and other timekeepers bill their time in six, ten or fifteen minute increments, depending on firm policy and client directives. If you fail to bill your time, the firm cannot invoice the client and the firm does not get paid. Thus, timekeeping is a function vital to law firm success.”

For anyone billing time, her advice sumarized below will help you create accurate and precise time entries.

1- Craft Detailed Billing Descriptions

Detailed task descriptions are a fundamental component of a well-drafted invoice. It is important that the description of your efforts contain sufficient detail to allow the reviewer to gauge the nature and merit of the task.

2- Avoid Block Billing

Block billing is the practice of listing a group of tasks in a block summary under a single time entry. For example: “Draft interrogatory requests; telephone conference with Dr. Brown re: expert report; summarize deposition of Mr. Smith; review and revise correspondence to opposing counsel. 7.3 hours.”

3- Record Time Promptly

Recording your time immediately after you complete a task is the best way to ensure accuracy. Attempting to reconstruct an days’ (or week’s or months’) activities after-the-fact is difficult and encourages time “padding” (inflating actual time spent on a task to fill in gaps of unaccounted-for time).

4- Remember Your Audience

Like any document you prepare for another’s review, it is important to keep your audience in mind when recording time entries.

5- Familiarize Yourself with Client Billing Policies

Every client has its own billing policies and procedures. These policies are often contained in the client’s retention or engagement letter. These billing policies may set forth staffing limitations, budgetary guidelines, disbursement policies and specific timekeeping guidelines. By becoming cognizant of the ground rules at the outset, you can more responsibly account for your time and meet client expectations.
See her full article: http://legalcareers.about.com/od/practicetips/a/billing.htm

TimeSolv Now Offers Self-Seal Custom Large Window #10 Envelopes

TimeSolv Self- Seal Custom Large Window #10 Envelopes


These custom designed envelopes to make it easier for you to send invoices to your clients and were custom designed because it is inconvenient to align from and to addresses in the available two window envelopes. These envelopes are not available at any retailer. Your company’s logo, name and address, and your customer’s name and address fit easily within the one larger window of these envelopes; therefore, it will save you the time and hassle of precisely folding the invoices.

Benefits:

* Easily fit From and To addresses in one larger window
* Left-aligned company logo viewable through envelope window
* Easier to stuff invoices because of larger (#10) size
* No need for labels
* Self adhesive
* Convenient size for sending payment envelopes to client
* Quick – Just print, tri-fold and insert your invoice and you’re done

If you have any questions, would like to order envelopes, or would like to have some free samples sent to you, please contact us by phone at (877) 438-3572 or email us at sales@timesolv.com.
Pricing of the envelopes is mentioned at : http://timesolv.com/blog/timesolv-now-offers-self-seal-custom-large-window-10-envelopes/

Mac Billing Software

The legal professionals of today have to deal with the complexity of time tracking and billing, which in most cases leads to disappointment and frustration. The important question here is how the time tracking and billing processes can be automated? There are several software companies who have come out with user friendly automated software to meet the growing demands of legal professionals. They have introduced the Mac billing software, which can handle any billing task that was so far being handled manually.

The salient aspect of the Mac billing software is that using it, legal professionals can track their assignments that have already been completed or are on the verge of completion. The time and billing software is popular because it offers accuracy in billing, efficiency, as well as reliability. The software are being developed specifically for small to medium sized law firms so that they can suffice the billing requirements of legal professionals. Some of the reasons for popularity of Mac billing solution software include:

Best automated time and billing solution for legal professionals and lawyers
Using the Mac billing software, lawyers will be able to keep track of time as well as tasks over the internet. This software is equipped with different types of time billing options that range from hourly rates to fixed fee rates.

The software can analyze time and help increase a firm's overall efficiency
This Mac legal billing software will assist legal professionals in analyzing their time so that this can help increase the overall efficiency of a firm. This software can be used for better time tracking, improving cash flow using faster bill presentment techniques. It will help lawyers to even reduce their billing disputes and can even use the billing system as a "practice dashboard".

Flexible billing options
This is one of the most important aspects of the Mac billing software. It offers flexible legal billing options like printing and mailing, automail or outsourced mail, electronic bill presentment, invoice through email, consolidated billing invoice, generating retainer bills, and preparation of completely editable draft invoices.

Secure and reliable hosting as well as backup
What is really different about the Mac billing software is that it is different from other time tracking and billing software's due to the high level of security it offers. Lawyers using this software will be able to enjoy 128bit SSL certificate interface for all their confidential matters. From client information to billing, all types of data will be hidden from any outside source. At the same time, the lawyers using the software will have access to this data 24 x 7 over the internet. It is being hosted in a world class data center that not only offers a high level of security but also tackles various maintenance issues that can range from hardware faults to software errors.

These are some of the salient aspects of the Mac billing software and it is very useful for lawyers and law professionals who want to streamline their work.

Why TimeSolv

TimeSolv software solutions are ideal for professional services firms faced with a lack of technical resources and the often overwhelming administrative burden of time tracking and billing. TimeSolv offers a convenient way to manage financial matters online at a low monthly cost. Since invoices can be generated and sent electronically with TimeSolv, the system also eliminates paperwork and expedites billing tasks to improve cash flow. By taking advantage of the speed and convenience of the web, TimeSolv helps professionals increase administrative productivity, lower overhead costs, and reduce non-billable hours. Here are the few key benefits of TimeSolv:
* Increase utilization of your time
* Improve cash flow
* Control project budgets
* Proven solution since 1999
* Easy to use; up and running in one hour
* Web based access to all features
* Online and offline access
* Customized permissions for each user
* Compatible with PC and Mac
* No need to install or worry about upgrades
* Excellent free customer support
* Secure with hourly back ups and daily offsite data storage
* Collaborate with clients for free
* Online payments integration with PayPal
* Affordable and risk free
* Volume discounts available
* Will beat any competitor’s price
Here's what our customers have to say about TimeSolv.