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Compare Legal / Law Firm Accounting Software

This page is managed by
Noel Radley, Managing Editor
Last updated: August 26, 2014

Top 10 Most Reviewed Legal / Law Firm Accounting Software Systems

 
BillQuick Law professionals across the globe use BillQuick for daily tracking and case management, while managing retainers and trust funds. It also allows lawyers to divide large cases into phases: deposition, discovery, proceedings, etc.
        13 Reviews
 Price
 Demo

2

Recommendations
in the last 30 days
Microsoft Dynamics GP Microsoft Dynamics GP has the tools to manage long-term projects and caseloads, while tabulating key financial information and hours billed. It is one of the most popular horizontal accounting programs for SMBs.
        4 Reviews
 Price
 Demo

30

Recommendations
in the last 30 days
NetSuite Financials NetSuite has several document management features useful to small to mid-sized legal practices. The software includes functionality for a billable hours log, late charge calculations, split billing and payment reminders.
        3 Reviews
 Price
 Demo

47

Recommendations
in the last 30 days
Microsoft Dynamics AX Legal practices rely on Microsoft Dynamics AX for far more than accounting and financial management software. This scalable, robust system is the most functionally rich ERP system in the Microsoft Dynamics family of products.
        2 Reviews
 Price
 Demo

7

Recommendations
in the last 30 days
Sage Fixed Assets Legal organizations require a secure accounting system to help track important financial information related to their practice. Sage Fixed Assets is an on-premise accounting solution designed to do just that.
        2 Reviews
 Price
 Demo

5

Recommendations
in the last 30 days
 

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Multiview Enterprise .NET n10 Due to its breadth of functionality and low price, Multiview Enterprise is popular for small and mid-sized professional services firms. Integrated document management and billing make it a good fit for law firms.
        1 Review
 Price
 Demo

65

Recommendations
in the last 30 days
Infor Office of the CFO Available as both a web-based and on-premise solution, Infor's Office of the CFO is a robust financial management system that streamlines your firm's financial operations and enables you to maintain control and visibility.
       0 Reviews
 Price
 Demo

19

Recommendations
in the last 30 days
NolaPro Accounting Suite Created as an alternative to QuickBooks, NolaPro from Noguska, LLC provides a fully customizable Accounting solution that can manage the entry of bills, track vendors, generate reports, create an item history report, and more.
       0 Reviews
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 Demo

5

Recommendations
in the last 30 days
UNIT4 Agresso UNIT4 Agresso gives organizations a broad spectrum of core ERP functionality. Deployed on-premise model or hosted and accessed via a web browser, can support various industries from legal to advertising.
       0 Reviews
 Price
 Demo

1

Recommendations
in the last 30 days
SAP Accounting SAP ERP Financials, part of SAP Business suite, offers users functionality in financial management, risk analysis, and compliance. Further, it allows managers and analysts to interact with the same data as company accountants.
       0 Reviews
 
 


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Buyer's Guide

What is Legal Accounting Software?

Legal accounting software is an essential part of an attorney's practice management system, and frequently revolves around projects and time logs. Because law firms often bill as a function of time, work time and schedules should be highly organized to produce detailed reports for the inquisitive client. Time can be broken down into date, activity, and billable or non-billable criteria. Goals for total annual billable hours can be recorded and compared to the actual hours worked for evaluation. In addition, software can arrange invoices based on the time logged.

We wrote this guide to help those in the legal field evaluate accounting software. We'll cover the features and functionality to be on the lookout for, as well as best practices for evaluating systems.

Law Firm-Specific Functionality

As well as general ledger, accounts receivable, accounts payable, and other core accounting features, legal accounting software typically includes the following:

Time & Billing Most law firms bill hourly, so the ability to track the time spent on projects and bill accordingly is crucial for any legal accounting software. This feature often includes support for flat-fee, task-based, split, contingency, and retainer billing.
Contact & Client Management Since client relationships are so important, a quality legal accounting solution will contain contact management capabilities, recording information for clients and related parties.
Project Scheduling Manage your case load with a tool that stores information like deadlines, events, documents, notes, action items, billing, and payments.
Advanced Security Settings Since lawyers are dealing with sensitive and often confidential information, most robust solutions will have security controls that restrict sensitive information to only the people who need it.
Trust Accounting Managing a client’s funds, whether in real estate, family/estate planning, bankruptcy, or any other trust situation, brings an extra level of complexity. Trust accounting software will include features to support managing multiple financial accounts, tracking funds, designating escrow agents, and credit and debit allocation.

Evaluating Legal and Law Firm Accounting Software

Legal accounting software should be able to record billing and time information in different ways for flexible application. Although law work is often based on time billing, the right accounting software will provide a range of pay options, as listed above. A good software package can also come with abilities to report for multiple clients at different rates and organize the information according to user preferences.

When evaluating legal and law firm accounting software, buyers should consider the following:

  • How deep are the schedule reporting abilities of the software?
  • Does the software include appropriate payment arrangements?
  • Is invoice generation linked to payment records?
  • Does the software provide adequate project sorting, tracking, and progress features?


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