The most common billing problems law firms face, and how modern legal billing software can help your law firm overcome them.
For law firms, streamlined, effective legal billing software is incredibly important. Enter modern legal billing software. It ensures that your firm’s legal billing processes are efficient and accurate by reducing the steps needed to invoice clients and accept online payments. Read on to learn about the most common billing problems law firms face, and how to help your law firm overcome them.
Hurdle 1: Missed Billable Time
Best Practice 1: Capture Time Automatically
Using legal billing software, lawyers in your firm can track their billable time from any internet-enabled device using multiple timers, making it easy for them to enter billable time no matter where they happen to be.
Another legal billing software timesaver is the ability to take advantage of default billing activity descriptions when entering billable time. After all, the easier it is for your attorneys to create a time entry, the more likely they are to do it.
Hurdle 2: Growing Time Investment
Best Practice 2: Batch Bill + Automate Time Reconciliation
A single centralized billing software solution solves this problem. With all of the billing data collected and stored in one online location, it’s a simple process to create invoices from the billable time entered into the system, send multiple invoices at once, and accept online payments from clients within that same software. No more duplicate data entry or reconciliation across software tools; robust legal billing software does all of that for you!
Hurdle 3: Payment Inaccessibility
Best Practice 3: Eliminate Common Roadblocks to Client Payment
The simplest way to make it easy for clients to pay is to provide multiple online payment options for your firm’s clients. Not only will your firm get paid faster, but your clients will also have more choices when it comes to paying their legal bills. In other words, it’s a win-win for both your firm and its clients.
Hurdle 4: Delinquent Payments
Best Practice 4: Automate Payment Reminders & Tracking
Using your firm’s legal billing software, you can create the payment plan, establish the amounts due and due dates, share that information with your client, and set invoice reminders so your clients can instantly pay with payment tools built into your Law Firm’s legal billing software. You can then set up invoice reminders for the amounts due, as discussed above.
Hurdle 5: Disparate Solutions
Best Practice 5: Use an Integrated Payments Solution
There’s no better way to stay on top of law firm finances than using robust legal billing software that streamlines your law firm’s billing processes and provides your clients with the convenient and flexible legal payment options they expect.
Start your free trial today to see how MyCase’s built-in legal billing features can help your firm maintain financial stability and get paid quickly.
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