In any facet of business, or just life in general, cutting costs while boosting efficiency is paramount to success. One way of accomplishing these feats is to outsource the tedious work to someone, or a team of people. Legal work and law firms are no exception; outsourcing is a viable solution that can save time and money, but hiring a legal cost consultant to handle all of a company’s legal billing tasks is typically only an option for the biggest law firms with the most resources. What about the little guys? Smaller firms usually just don’t have the resources to trim the fat, and lighten their workload, in this way. Thankfully, this is where the best online legal billing software can help!
Time Tracking With Reporting – Any legal billing software has to not only accurately track time, but also provide reports containing crucial information about their business. A well written piece of software will not only make it easier for a lawyer to keep track of their time, it will also show them how they are spending their time. The right program will assist the lawyer by catching mistakes that could have been made in their usual time keeping process. Let’s say the lawyer forgets to start a timer on their software, is that time just wasted? If you’re going to make an investment into billing software then you’re going to want it to be smart enough to help audit invoices before they are sent to your client.
Account Management – Working with dozens, if not hundreds, of clients can make it difficult to manage accounting information for each case. The best legal billing software will make it easy to see who hasn’t paid and help you better able to handle delinquent receivables Streamlining a firm’s cash flow into an all-in-one legal software suite will make it easier to manage.
Ease of Use – Having a brilliant legal mind doesn’t mean that the lawyer has studied computer science! The best legal billing software should be integrated with other tools and have an easy to use interface that will make any lawyer, regardless of computer skill, feel comfortable while working with it. Most importantly, it needs to be accessible from anywhere and on any device! Worrying about record keeping, for billing purposes and personal expenses, while outside of the office is just something that shouldn’t exist in this day and age.
With the technological developments of this era, hiring a legal cost consultant might not be the most efficient way to cut costs and definitely isn’t your only option anymore. There are a myriad of quality online legal billing software available, like Online Legal Software, so why not check out a demo and take advantage of a risk-free trial to see if they can bring some peace of mind to your practice?
