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. It is important that you have indeed in mind the fact that generic business software will work perfectly for generic business. If you are a law practitioner then you will require a billing system that is equally specialized in its nature to the billing of such practice for it is only such that have the ability to deal with the billing needs of the law practices and concerns. An example of such is Matter-based billing.
The business software of the common type will be good at handling the client billing and the other multiple billing tasks like the hourly rates and the flat rates. 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. In this field, issues must of a necessity be separated into separate billing.
Take this example of a case to highlight this point further. We will have a character in the name of Tim Parker getting a divorce and your firm is taking them through this. Think of the same character, Tim Parker, contracting you the same time to not only handle their divorce case but as well update his will testament and other paperwork to show and bear the fact of the dissolution of their past 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. Particularly take a case where the planning case ends up getting to cost more in expenses related to it which you will want to bill the client, it will not be possible and any professional taking that from the retainer in the divorce case.
In trying t be crafty with the operations, a lawyer may think it possible to create a general time and billing software which may not actually cure the problem for it may in essence end up mixing up things, such as trying to set up each matter as separate client like in our hypothetical character, having a “Tim Parker Will” file, and “Tim Parker Divorce”.