With Clio Academy, you have access to a free, flexible training program to help you with the onboarding process and any ongoing questions you may have. You can also speak directly to one of our friendly support staff via email, live chat, or phone 24/5. The system can automatically generate reports on information such as outstanding balances and client inactivity. Document Management Software keeps your documents (and email) organized, searchable and accessible from anywhere.

  • The software offers advanced reporting, including origination reports for new-business incentives, allocation reports, matter budgets, and team and matter productivity.
  • And when you select an application that was built specifically for lawyers, you avoid the overwhelm of daunting spreadsheets and features that aren’t designed for legal professionals.
  • Without proper attorney bookkeeping, it’s impossible to track what money is coming (and leaving your firm).
  • For example, you will have to use tags to keep payments or records for each client straight.
  • If all you need is a better way to track billable hours, look into the many stand-alone solutions on the market created for this purpose.

You can quickly set up a free Wave account and get started right away. The intuitive interface is simple to use and has no confusing financial jargon. It’s easy to add features as you need them, like bank account connections and real-time transaction updates, and you can make changes any time. Search across millions of pages, documents, folder email and notes in seconds. It helps in tracking client funds separately, preventing commingling of funds, and automating reconciliation processes, thereby reducing errors and safeguarding client monies. See how one law firm uses LexWorkplace to organize their documents and streamline their practice.

Spend time interpreting the law, not your books

Team members can track time and expenses on the go with a mobile app or online, and you can integrate a calendar to set court dates and stay ahead of deadlines with automated court rules. Even solo practitioners https://capitalprof.team/ and small firms have to track and allocate hours to clients, account for retainers and manage a variety of rates and billing options. And lawyers have to comply with strict legal and ethical requirements.

  • I was trying to keep track of so many different binders, sheets of paper, excel spreadsheets, and bank receipts; it was a nightmare.
  • If you’re interested in using payroll software, you can start a free 30-day trial when you sign up for Wave.
  • Trustbooks has simplified the trust accounting for my firm and I no longer dread doing reconciliations or an audit from the State Bar.
  • Save time with built-in calculations, filing fees, and charges billed back to the clients.

Instantly record time made on calls to clients from your cell phone or smartwatch. All time entries sync to the corresponding electronic matter, which can be viewed at any time and adjusted, if necessary before an invoice is sent. Accurately record your billable hours and charge for your time with instant time recording on desktop and mobile. Viewing and evaluating your firm’s financial performance is key to its success and growth. For example, the Clio Manage and Xero integration lets you apply a tax to an expense category in Clio, and that same tax amount will be applied to the client invoice in Xero.

Users can record invoices and payments and maintain account balances for all clients. You work hard to make your practice a success, so be sure your hard-earned money is protected. Wave uses both physical and digital protection, like read-only and 256-bit encryption to connect to your bank, and as a dependent 2020 PCI Level-1 certification for credit card transactions. Plus you can dig down deeper with expense tracking and customized reports to show month-to-month comparisons so you can make better business decisions. You’ll have peace of mind knowing your financial information is backed-up and secure.

How Lawyers Use Technology

The Clio App Directory has over 200 integrations to explore, so you can find out how it will integrate with the tools you are currently using. Our software is also trusted by over 150,000 legal professionals and approved by over 90+ bar associations and law societies worldwide. Join lawyers from over 15,000 firms who trust MyCase to grow their firm while managing their caseload.

Quickbooks Accounting Screenshot

Trustbooks has completely changed my view on trust accounting for my firm. It takes into account all of the trust accounting requirements of the State Bar and helps make sure you comply with them. Trustbooks has simplified the trust accounting for my firm and I no longer dread doing reconciliations or an audit from the State Bar. As well, the best legal software will have integrations with accounting software, allowing you to have all of your records in one organized place—an accountant’s dream. The client intake process can be an incredibly time-consuming exercise for solo and small firm attorneys.

Law Practice Management, Billing, and Accounting are three related but discreet functions. Each can be managed with different software (or in an all-in-one software suite). Measure profits and performance through customizable legal reporting software and analytics. Access all Xero features for 30 days, then decide which plan best suits your business. Unfortunately, reports that give you what you need can be cumbersome to create manually.

Boost your firm’s bottom line

Billing is directly related to the time your attorneys spend working. If clients aren’t being billed properly for your attorney’s time, the firm will lose money. QuickBooks Online offers a free trial of their accounting software for lawyers. Their application allows you to record client payments, tag expenses to specific cases, and can even track money held in retainers. The best part is QuickBooks Online easily integrates with Clio, further streamlining accounting for lawyers. No matter how big or small your law firm is, accurate, timely payroll is essential—but it can be time-consuming to complete manually.

What Clients Say

Using legal billing software helps to eliminate some or all potential human errors by automating several processes that are normally done manually. Automated billing and other processes also help improve project https://capitalprof.space/ and client management. Your billing process is also more streamlined and bills are processed and sent out in a timely manner. All solutions include features for both case management and invoicing and billing.

Cloud ERP

Whether you’re on a break at the courthouse or traveling to see clients, your financial info is at your fingertips. CosmoLex was among the first cloud-based law practice management applications that includes complete, end-to-end accounting. If a free tool can make your life as a lawyer or law firm office manager easier, you should jump at the opportunity to use it.

A more organized lawyer means more peace of mind regarding cash flow, client information, and invoice automation. Have hard and soft costs sorted for you, from direct or third-party products or services you’re paying on behalf of the client, to assets and debts. Automatically create events based on court rules, and file on time to avoid malpractice claims. Trustbooks has helped simplify what was an incredibly complicated, frustrating, and time-consuming part of my practice. I was trying to keep track of so many different binders, sheets of paper, excel spreadsheets, and bank receipts; it was a nightmare.

Which is why we created this round-up of the best accounting software for lawyers you can try for free. Create beautiful one-off or recurring online client invoices that are customized for your law firm. Set up automatic reminders to take the work out of chasing your legal clients for invoice payments. Different legal accounting software options have different features, but that doesn’t mean that you necessarily need every single feature available. Consider what functionality would be most useful, and make them deal-breakers when selecting an option. Most modern online accounting platforms offer intuitive dashboards, so you can monitor your firm’s business at a glance.

The connection between a smoother client-centered experience and accounting software for lawyers might not seem obvious at first. Though, the more insight you have into a client’s particular case, the better equipped you are to support them. Let’s say client X hasn’t paid their invoice even though you’ve sent it to them three times. With accounting software for lawyers, this jam in the payment process is easy to detect. Now, because you have this information, you can check-in with your client and offer them an alternative payment arrangement to support their ability to pay for legal services.

If you need extensive case management, document management or contact management functionality in addition to time tracking and billing, you should definitely look into practice management suites. Some suites even integrate time tracking capabilities throughout the system’s modules. For example, you can track time in a document management module without having to use a timer. Managing cases and legal affairs for your clients takes specialized skills and lots of pre-planning.