Beginner’s Guide to Minimum Billing Increments for Transparent Legal Invoicing
Category: Blog, Running Your Business, Time Management
Legal invoicing is one of the most important elements of a law firm, especially when it comes to revenue and client transparency. However, implementing and maintaining a structured billing process at law firms is more than worth the set up efforts. The regular hour, half hour, and 15-minute increments are
Intuit QuickBooks is a well-known accounting software platform that’s used for a variety of business tasks, including legal accounting and timekeeping. While this can be a helpful tool for your firm, it will only add to your workload if it doesn’t have features to support and streamline your workflows. Is
“Buy Now, Pay Later” options are becoming increasingly popular at checkouts. These short-term financing options allow consumers to finance both everyday and big-ticket purchases in the hundreds or thousands of dollars to make payments easier. Now, the short-term financing trend has made its way to the legal industry. Legal fee
While initially a necessity during the widespread pandemic shutdowns, remote work is here to stay. More and more law firms are getting on board and embracing remote work — even as far as entirely virtual offices — but with certain disadvantages of remote working, it’s not for everyone. Discover the
What Is LEDES Billing for Law Firms?
Category: Blog
Though LEDES billing has been a common legal billing format for law firms for over two decades, it’s not uncommon for lawyers with years of experience to have trouble navigating its intricate formulas. If a lawyer’s only interaction with the billing process is time tracking, they may not have an
Though you may have opened your own firm to practice law, at its core, a law firm is a business. Whether you’re tracking overhead expenses, billing, or taxes, you have to pay attention to key law firm profitability metrics and what they mean for your firm and legal practice management.