Legal Billing Software for Law Firm Support

30.06.2022 | Verschiedenes

law firm bookkeeping software

Because information is stored on the cloud instead of on a laptop, local server, or filing cabinet, it’s safe from theft or natural disasters. And because legal business can be performed from the courtroom, the car, or the couch, it’s easier to get things done when it works for you. Inaccurate time tracking leads to the overbilling or underbilling of clients. You are either going to damage your clients and reputation by overcharging them or damage your firm’s bottom line by undercharging for your services. Whatever financial management software you choose, it’s important that the timekeeping and billing integrate into the business accounting.

Zola Suite might be the best choice for you if you need a platform that includes CRM capabilities. Dealing with spreadsheets or manual accounting is time-consuming and leaves you at increased risk of human error. When you know exactly where your law firm’s money is, it’s easier to identify what parts of your firm are successful and where you’re struggling, to make more informed and strategic business decisions.

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You can also communicate with your clients and expedite estimate requests, quote approvals, and other queries. 4.4 out of 5 stars based on user reviews collected by G2Crowd as of Spring 2022. To mitigate the impact of write-offs — or even having to accept a total loss — aim to employ these best practices (and the technology to support them). Whether you are still using QuickBooks or stuck using paper systems and spreadsheets, it’s time for an upgrade in your back office. Stay up to date with your cash flow from anywhere with an up-to-date view of bills to be paid and when.

You install a lightweight desktop application on your Windows PC, but the core of the software (and data) is stored on LEAP’s cloud platform. Tabs3 has been around a long time, and has a reputation for being a robust accounting platform, backed by excellent user support. A Private Cloud will host your desktop-based legal software, documents and data in the cloud. Get the reliability, security and mobility of the cloud without sacrificing your software.

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Of the dozens of options available, you want to choose the one that combines the powerful features you need, at a reasonable price — and that is easy for you and your staff to use. You also want to make sure the law firm accounting software you choose is one that integrates with the general ledger package your accountant or bookkeeper uses. This will save hours of data entry time as well as eliminate the possibility of errors.

law firm bookkeeping software

Like accounting solutions, legal accounting software gives businesses secure digital tools to manage and track client payments, expenses, revenue, and more. Additionally, many accounting solutions integrate with payment providers and include other features that help streamline financial processes. But unlike software used for retail or other types of businesses, accounting software for attorneys is designed from the ground up to address the financial challenges that are unique to legal professionals. Attorney accounting software has specific capabilities to handle things like maintaining client trust accounts, case management, time tracking, and ensuring IOLTA compliance – to name just a few. Cosmolex combines legal practice management software with legal accounting software for a complete solution.


There’s no surprise that Xero made it on our list of best legal accounting software. This popular solution has been around since the mid-2000s and boasts over 2 million users. CosmoLex is a cloud-based law accounting software that’s part of the Tabs3 family. It comes with built-in trust accounting tools, so you don’t have to use any additional software. It has to come with superior accounting features, handle client trust accounts, and maintain detailed records to properly bill clients. Award-winning support means talking to a real person for the help and info you need because we provide so much more than just online accounting software for law firms.

EsiLaw 360 is built for Canadian legal professionals with law society compliance to ensure you meet provincial requirements. For more insight, read this article on setting law A Deep Dive into Law Firm Bookkeeping firm financial benchmarks. Thomson Reuters is a dedicated and trusted intelligence technology company that has developed ProLaw specifically for lawyer’s accounting needs.

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Unfortunately, reports that give you what you need can be cumbersome to create manually.

  • Optimizing a law firm’s finances can mean a lot of different things to different people.
  • This benefit allows lawyers to plan, track, and report billable time as it occurs, so they don’t have to rely on memory when it’s time to invoice.
  • The offers that appear on the website are from software companies from which receives compensation.
  • CosmoLex also has specific features to protect client funds, like preventing the commingling of funds and overdrafts.
  • Even practice-specific software such as patent accounting or collections services can integrate with law firm accounting software to make a streamlined user experience for attorneys.
  • Legal Files is commonly used by corporate legal departments, law firms, university legal departments, insurance companies, and various levels of government.