Best Time and Billing Software for Lawyers

A newly established law firm might face many billing and payment-related issues in the beginning due to a need for more accurate time tracking and invoicing. But if you use the best time and billing software, these issues might not block your way anymore. There are many time and billing software for lawyers who will help you resolve such problems and generate precise invoices and time records.

In this blog, we are going to talk about eight popular times and billing software for lawyers. Carry on reading.

Best Time and Billing Software for Lawyers

It is the most powerful time tracking used as a payment management tool. It is capable of tracking billable time and accurate invoices based on that. This tool is used by small businesses as well as large businesses for managing the time records of multiple clients in one place and their bills. This tool has an automatic or silent timer for time tracking as soon as the system switches on. 

It also has multiple payroll features that allow you to calculate the salaries based on tracked billable hours with many payment gateways like PayPal, Wise, Gusto, and ADP that ensure convenient payment. 

This software is used to carry out all the billing procedures and keep track of costs. It is a legal billing and accounting software that lawyers use for practicing management. QuickBooks allows the creation of custom billing rates for every partner, client, and associate and enables the tracking and management of general retailers. It only costs $25/user per month, including a tool for generating invoices and sending them to clients.

TimeSolv is incorporated with the latest legal tech. This tool is designed for lawyers working from multiple locations, at different time zones, and on other devices. This tool shows many billable hours that are tracked in a day, week, or month. It creates abbreviations like Med for clients named Medical Home for monitoring the entire company’s time. This allows the customers to split their bills between two clients for one project. The cost of this software is around $39.95/user per month, including custom tags for clients, matters, and documents.

This app covers time tracking and payment processing. This law practice management tool helps you to work from anywhere at any time and enhances workflow efficiency. MyCase offers UTBMS (Uniform Task-Based Management System) codes and LEDES billing. It allows you to share invoices digitally with a client through a secure client portal or email. The cost of this software is $59/ user per month. It helps you to track billing time via desktop, iOS, or Android mobile apps.

It is a cloud-based legal practice management software that helps clients in case management. It is the solution for several standard features expected of legal software, like hour tracking, billing, and email tracking. At $89/ user per month, it helps to spot unbilled completed events with a dashboard alert, generates batch invoices for clients in one click, and customizes invoices according to clients’ information like payment date, legal service available, etc. Cosmolex also gives access to clients’ timesheets on mobile or any other device.

This software includes practice management and accounting with strong reporting capabilities. Zora Suite is a cloud-based software that has also completed a SOC 2 (Security Operations Center 2) audit. It ensures premium security and privacy for its users. This helps in timely entry in decimals or HH: MM format, with a built-in double-entry accounting system that uses IOLTA (Interest on Lawyer Trust Accounts) for accurate billing. It also provides narrative templates with entry time descriptions and fee collection based on area of practice, user, or location.

Smokeball aims to collect work every minute to generate accurate payments. It also offers basic accounting features and uses advanced technology to track correct time and understand profits. With AI, it follows the time spent on Smokeball, Word, and Outlook, automatically compiles billing entries, and turns off manual entries. The pricing of Smokeball might vary according to the demands of the clients, like profitability per matter, employee, client, and many more.

Practice Panther is laced with advanced legal technology with features like task automation, case management, practice management, cloud storage and many more. This software supports different practice areas like family law, environmental law, etc. This software allows you to detect unbilled events, tasks, emails, notes, and calls. It also tracks time in real-time from any device according to the choice of lawyer. At just $49 per user per month, Practice Panther will help you create customizable hourly rates. 

Conclusion

With good time and billing software, any law firm can easily enhance their invoice’s efficiency and accuracy as the software can accurately combine the time entry data and billing rates. It can also optimize client billing and give lawyers more time to concentrate on cases.