Legal Accounts Management

Legal Accounts Management2024-02-02T06:24:09+00:00

Simplify your financial management with user-friendly legal accounting solution tailor-made for mid-tier law firms.

PracticeEvolve understands the unique accounting needs of mid-sized law firms. Our purpose-built accounting software is specifically designed to address the complexities and requirements of law firm accounting.

With a strong emphasis on streamlining business operations and maximising efficiency, PracticeEvolve offers a user-friendly, feature-rich accounting solution that eliminates unnecessary complexities and optimises revenue collection for your firm. Rest assured, our software is globally compliant, enabling you to effortlessly meet legal and regulatory requirements.

Simplify your financial management with user-friendly legal accounting solution built for law firms.

Efficient Time Tracking and Billing

With PracticeEvolve, you can maximise your firm’s billing accuracy and streamline the time tracking process. Our timesheet allows for itemised and timed fee recording, as well as fixed-fee stages, meaning you can capture the various methods your firm uses to bill your clients directly within the matter timesheet tab. Furthermore, our fee target graphs make billable time even easier by helping your lawyers track chargeable and non-chargeable budgets, in one easy-to-access timesheet screen.

Faster End-of-Month Processes

PracticeEvolve’s accounting software goes beyond basic core functionalities to offer powerful billing features that reduce the workload for your accounting and administrative staff. With just a few clicks, you can condense the billing process and ensure faster payment of invoices. Benefit from auto-billing, online approval processes, multiple invoice generation options, and the ability to pay invoices from trust in just two clicks.

Dynamic On-Screen Reports

Say goodbye to static reporting. PracticeEvolve’s legal accounts software provides dynamic, on-screen reports that empower faster decision-making. Work with live data, segment information, and drill down into details whenever needed. Customise reports to include everything from common accounting reports to financial transactions, cash flow, balance sheets, debtors, budgets, and more, all in one screen.

Interactive Dashboards

Experience up-to-the-minute insights with PracticeEvolve’s visual dashboards, designed to adapt to your evolving needs. Personalise dashboards based on your role within the firm, whether you’re a partner, team member, or part of the accounting department. Gain the freedom to display the metrics that matter most to you and leverage filtering options, drill-down capabilities, and transaction processing directly from the dashboard itself.

User-Friendly and Intuitive

Manage your accounting and reporting needs with ease using PracticeEvolve’s well-structured and user-friendly software. Our intuitive interface allows users, with or without accounting knowledge, to navigate the system effortlessly. Focus less on transaction processing and more on analysis and action, with the ability to drill into real-time data and gain deeper insights into your financials.

Real-Time Insights, Anywhere

Access critical insights anytime, anywhere with PracticeEvolve’s cloud-based accounting software. Simply log in through your favourite desktop browser, without worrying about system requirements or application updates. Stay connected and make informed decisions on the go, with secure access to real-time financial information on any device, all while we ensure the safety and integrity of your data.

“Legal Accounting, being a niche field, requires a system specifically tailored for handling legal accounts. PracticeEvolve delivers against that and has helped us implement best practice. The user-friendly and intuitive nature of the system is invaluable to a busy firm like ours. Unlike our previous system with its multiple steps to access features, PracticeEvolve simplifies everything with a single click. We have experienced first hand the value of its user-centric design during employee onboarding, allowing for smooth training and quick adaptation. This streamlined experience has been instrumental in maintaining uninterrupted productivity during our transition, providing our team members with a smooth journey.”

Sherrie Rossiter, Galbally Parker Lawyers

Software with a Service

Software with a Service

As a mid-tier law firm, you’ll require Cloud solutions with integrated capabilities that prioritise the client experience. Our approach goes beyond merely offering software; we provide a comprehensive level of service tailored to align perfectly with your firm’s specific needs and objectives.

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Offering a fully integrated system, designed to align with the operational needs and workflows of mid-tier law firms.

Legal Accounts Management FAQs

How does PracticeEvolve’s legal accounting solution address the unique needs of mid-sized law firms?2024-01-24T08:41:47+00:00

PracticeEvolve’s legal accounting software is tailored specifically to meet the complexities and requirements of law firm accounting. It streamlines operations, maximises efficiency, and ensures compliance with global legal and regulatory standards.

How does your software help us ensure compliance with accounting regulations and ethical standards in the legal industry?2024-01-24T08:45:36+00:00

Our software is designed to help you maintain compliance with legal accounting standards and regulations. It includes features such as BAS reporting, risk management tools and trust account management, which ensures that client funds are handled ethically and in accordance with industry standards.

How does PracticeEvolve simplify time tracking and billing for law firms?2024-01-24T08:47:19+00:00

PracticeEvolve simplifies time tracking and billing with a user-friendly timesheet that allows for itemised and timed fee recording, as well as fixed-fee stages. Our fee target graphs assist lawyers in tracking chargeable and non-chargeable budgets, all within a convenient timesheet screen.

What features does PracticeEvolve offer to expedite end-of-month accounting processes?2024-01-24T08:48:02+00:00

PracticeEvolve’s accounting software offers powerful billing features, including auto-billing, online approval processes, multiple invoice generation options, and the ability to pay invoices from trust in just two clicks. This reduces the workload for accounting and administrative staff, ensuring faster payment of invoices.

How does PracticeEvolve’s legal accounting software provide reporting capabilities?2024-01-24T08:54:36+00:00

PracticeEvolve’s legal accounts software offers dynamic, on-screen reports that facilitate faster decision-making. Users can work with live data, segment information, and customise reports to include accounting reports, financial transactions, cash flow, balance sheets, debtors, budgets, and more—all accessible in one screen without the need to export the data for analysis.

What are the advantages of PracticeEvolve’s interactive dashboards for financial management?2024-01-24T08:57:02+00:00

PracticeEvolve’s visual dashboards provide up-to-the-minute insights and can be personalised based on your role within the firm. These dashboards offer filtering options, drill-down capabilities, and transaction processing directly from the dashboard, allowing you to monitor metrics that matter most to you.

How user-friendly is PracticeEvolve’s legal accounting software?2024-01-24T08:58:05+00:00

PracticeEvolve’s accounting software is designed to be user-friendly and intuitive. Users, even those without extensive accounting knowledge, can navigate the system with ease. This user-friendly interface enables users to focus on analysis and action, with the ability to access real-time data and gain deeper financial insights.

Does PracticeEvolve’s accounting software provide real-time access to financial information?2024-01-24T09:00:30+00:00

Yes, PracticeEvolve’s cloud-based accounting software ensures real-time access to critical financial insights from anywhere, at any time. You can securely log in through your preferred desktop browser, without concerns about system requirements or application updates, making it convenient for making informed decisions on the go. We prioritise data security to safeguard the integrity of your financial data.

Does your software integrate with other financial tools or accounting software that our firm may use?2024-01-24T09:01:14+00:00

No, our legal accounts management software is custom-built specifically for the legal sector. It encompasses all the necessary features and tools required for efficient law firm accounting and financial management. There is no need for integration with external financial tools or accounting software as our solution is tailored to meet your firm’s specific needs within the legal industry.