The Importance of an Efficient and Effective Billing Software to an Attorney
You know it and it is a fact that your business actually can select from a number of the billing software available in the market though in reality for the best of the systems, it is important for you to ensure that you have those software that are special to the legal industry to have the best of the services of the software. Like it is rather sounding obvious, the generic type of business software will be indeed a great one for working with the generic businesses. However for the law practices and concerns, there is a need for there to be a dedicated billing software as they do have a billing requirement that can only be served by the equally special billing software and system. Matter-based billing is one of the requirements that the specialized billing needs that you will have from the specialized software.
You will have the common business software handle the business client billing and the other kinds of billing needs such as hourly rates and the flat rates for billing. These billing packages may not be as good for a legal practice for the reasons that they do not categorize the billing according to the client category and not the assignment handled for the client, which is actually the best format to use for the legal firms. For the best organization of the matters for a legal practice, as a n attorney you must have the matters you are dealing with separated into separate billing systems.
Read on for this example that will further expound on the point we are trying to put across for the need for a billing software special to a legal practice. A hypothetical character Tim Parker is in for a divorce. Look at the complexities arising in the case where this same person, bearing the same name, having your very company to not only deal with the divorce case but as well deal with the issues of their will, getting it updated to reflect the facts of the dissolved marriage. In your contract agreement for the services, your firm takes on the divorce case at an hourly rate with the retainer and the will you settle for a deal with an agreement on the flat fee basis. Without a doubt, for the sake of efficiency and professional service to the clients, you will have to have these two cases kept separate. This need to have separate accounts and systems for the billing of the same client for separate cases is so particular considering a situation such as you may experience where you find that the case of helping them with the need for estate planning which you agreed to charge on a flat rate ending up in the end incurring additional expenses which will call on you to bill the client and you may not be so professional taking the charges or bills from the retainer you hold for the divorce case.
Even trying it out by creating two different accounts within the same system, such as for a “Tim Parker-Will” file and another one labeled, “Tim Parker-Divorce” file as this will in actual sense end up mixing you up in practice and may make you lose your credibility as a professional attorney.