Effective legal billing and invoicing for law firms is a strategic tool designed to streamline the billing process, enhance accuracy and ultimately contribute to the success of your legal practice. Gone are the days of man-made errors during manual processing. Legal billing software opens doors to more flexible billing structures, allowing firms to provide a better experience to their most important clients.
Learn more about the capabilities of the PracticeEvolve law firm accounting software by contacting us today for a demo.
Efficient Billing Process
PracticeEvolve’s software simplifies the billing process, reducing the workload for accounting and administrative staff. The system incorporates powerful billing features that condense the billing process to just a few clicks. It includes a tailored online approval process and automated options for issuance of invoices. This ensures prompt payment and accelerates revenue collection for law firms.
Client Financial Management
PracticeEvolve integrates client financial management functionalities into its software. The system automatically tracks invoices that are ready to be paid from client accounts based on local jurisdiction’s regulations. This allows you to pay invoices from client funds in just two clicks, enhancing compliance and efficient management of client accounts. Making the management of client money effortless by clearly identifying uncleared funds and protected funds and prevents the overdrawing of accounts ensuring compliance with regulatory authorities.
Flexible Invoicing Options
The software provides multiple ways to generate invoices and statements, allowing law firms to choose their preferred invoicing methods. Whether it’s generating invoices upon matter completion, at predefined stages, or through a monthly invoicing run, PracticeEvolve adapts to your preferred workflow, providing flexibility and convenience.
Customisable Billing Rates
PracticeEvolve offers the flexibility to create multiple billing rates at the client, matter, Matter Type, Job Title, task type, Billing Grade, employee level.. This feature simplifies the time tracking process, accommodating the various billing methods used by your firm. The timesheet module allows for itemised and timed fee recording providing comprehensive options for capturing billable and non-billable time accurately.
“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.”
“The accounting functionality in PracticeEvolve is exceptionally intuitive and user-friendly. Our team appreciates the seamless process of adding work items, initiating billing, obtaining approval, and finalising the entire procedure. PracticeEvolve has successfully streamlined our billing workflow, making it easier and more efficient.”
