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Legal Billing Software

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Clio logo
 
Clio is a cloud-based legal practice management solution suitable for small to large law firms. The platform enables legal firms to track important deadlines, manage cases and documents and bill and collect from clients. The time... Read More
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Clio is a cloud-based legal practice management solution suitable for small to large law firms. The platform enables legal firms to track important deadlines, manage cases and documents and bill and collect from clients. The time... Read More
 
TimeSolv Legal logo
 
TimeSolv is a cloud-based project management and billing solution specifically designed for law firms, but it can also be used by accountants, consultants, architects, and freelancers. TimeSolv integrates project management features... Read More
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TimeSolv is a cloud-based project management and billing solution specifically designed for law firms, but it can also be used by accountants, consultants, architects, and freelancers. TimeSolv integrates project management features... Read More
 
PracticePanther Legal logo
 
PracticePanther Legal Software is a legal management solution for small to medium-sized practices specializing in areas including bankruptcy law, personal injury, divorce, estate planning, litigation, criminal law and many more. The... Read More
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PracticePanther Legal Software is a legal management solution for small to medium-sized practices specializing in areas including bankruptcy law, personal injury, divorce, estate planning, litigation, criminal law and many more. The... Read More
 
AbacusLaw logo
 
Abacus Law is a case automation software for legal practices. The system works as a practice management tool and scales to grow with a business. This system allows users to automate deadline management through the use of rules based... Read More
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Abacus Law is a case automation software for legal practices. The system works as a practice management tool and scales to grow with a business. This system allows users to automate deadline management through the use of rules based... Read More
 
MyCase logo
 
A recent winner of the Silver Stevie Award for Best Customer Service, MyCase is a unique and intuitive web-based system created expressly for lawyers. Designed originally to help facilitate better communication between attorneys and... Read More
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A recent winner of the Silver Stevie Award for Best Customer Service, MyCase is a unique and intuitive web-based system created expressly for lawyers. Designed originally to help facilitate better communication between attorneys and... Read More

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Smokeball logo
 
Smokeball is a cloud-based legal practice management for small firms that can be used in a variety of specialities. Key features include case management, contact management, calendaring, time tracking, billing and accounting.  Smokeball... Read More
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Smokeball is a cloud-based legal practice management for small firms that can be used in a variety of specialities. Key features include case management, contact management, calendaring, time tracking, billing and accounting.  Smokeball... Read More
 
SmartAdvocate logo
 
Conceptualized by a partner at a personal injury law firm, SmartAdvocate is a legal management platform that offers flexible deployment options and a modular suite of applications.  In addition to case management, attorneys and their... Read More
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Conceptualized by a partner at a personal injury law firm, SmartAdvocate is a legal management platform that offers flexible deployment options and a modular suite of applications.  In addition to case management, attorneys and their... Read More
 
LeanLaw logo
 
LeanLaw is a cloud-based timekeeping and billing solution for small to midsize legal practices. Key features include time tracking, billing and invoicing, financial reporting and Quickbooks integration. A free mobile app is also available... Read More
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LeanLaw is a cloud-based timekeeping and billing solution for small to midsize legal practices. Key features include time tracking, billing and invoicing, financial reporting and Quickbooks integration. A free mobile app is also available... Read More
 
BQE Core Legal - Time, Billing, and Accounting logo
 
BQE Core Legal is a cloud-based solution that offers integrated accounting, time tracking, and billing and invoicing. It can support the operations of a variety of law firms including litigation, corporate, family, tax, immigration... Read More
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BQE Core Legal is a cloud-based solution that offers integrated accounting, time tracking, and billing and invoicing. It can support the operations of a variety of law firms including litigation, corporate, family, tax, immigration... Read More
 
Mitratech logo
 
Mitratech is a legal management system suitable for midsize to large corporate law firms. Key features include case management, contact management, document management, calendaring and docketing, time tracking, billing and invoicing... Read More
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Mitratech is a legal management system suitable for midsize to large corporate law firms. Key features include case management, contact management, document management, calendaring and docketing, time tracking, billing and invoicing... Read More

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Essential logo
 
Essential by Anaqua is a mobile-ready platform offering legal management tools to intellectual property firms. It offers highly configurable workflows to meet a firm’s needs, policies, and procedures as well as client-specific processes. Case... Read More
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Essential by Anaqua is a mobile-ready platform offering legal management tools to intellectual property firms. It offers highly configurable workflows to meet a firm’s needs, policies, and procedures as well as client-specific processes. Case... Read More
 
HoudiniEsq logo
 
HoudiniEsq is a law practice management soluiton for law practices of all sizes. This software can be installed both on-premise and in the cloud. HoudiniEsq features case budgets, time tracking, case and matter management, full text... Read More
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HoudiniEsq is a law practice management soluiton for law practices of all sizes. This software can be installed both on-premise and in the cloud. HoudiniEsq features case budgets, time tracking, case and matter management, full text... Read More
 
CosmoLex logo
 
CosmoLex is a cloud-based legal management software that offers advanced features and fully-integrated applications for an all-in-one solution. Named TechnoLawyer Newswire’s Top 25 Product of 2014, it includes time tracking, billing,... Read More
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CosmoLex is a cloud-based legal management software that offers advanced features and fully-integrated applications for an all-in-one solution. Named TechnoLawyer Newswire’s Top 25 Product of 2014, it includes time tracking, billing,... Read More
 
Rocket Matter logo
 
A Legal Management system designed for small and mid-sized practices, Rocket Matter provides a way to improve invoice accuracy, and reduce the time it takes to generate invoices. The system also provides document management, so that... Read More
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A Legal Management system designed for small and mid-sized practices, Rocket Matter provides a way to improve invoice accuracy, and reduce the time it takes to generate invoices. The system also provides document management, so that... Read More
 
Actionstep logo
 
Actionstep is a cloud-based legal practice management solution designed for growing and midsize firms. The integrated solution offers tools for managing cases, billing, invoicing and accounting as well as enables businesses to automate... Read More
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Actionstep is a cloud-based legal practice management solution designed for growing and midsize firms. The integrated solution offers tools for managing cases, billing, invoicing and accounting as well as enables businesses to automate... Read More

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Firm Central logo
 
Firm Central is a cloud-based legal management solution by Thomson Reuters. It features matter management, time and billing, scheduling and document assembly. Three different packages are available: Core, Essential and Premier. All... Read More
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Firm Central is a cloud-based legal management solution by Thomson Reuters. It features matter management, time and billing, scheduling and document assembly. Three different packages are available: Core, Essential and Premier. All... Read More
 
Law Ruler Legal Practice Management logo
 
Law Ruler is a web-based practice management system with a full suite of features for law firms. It offers case management on a standalone basis, as well as document management, contact management, calendaring and docketing, billing... Read More
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Law Ruler is a web-based practice management system with a full suite of features for law firms. It offers case management on a standalone basis, as well as document management, contact management, calendaring and docketing, billing... Read More
 
MerusCase logo
 
MerusCase is a legal practice management system offering an integrated platform of solutions for U.S. law firms. The system is HIPAA compliant and offers document management, timetracking and billing, calendaring and communication... Read More
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MerusCase is a legal practice management system offering an integrated platform of solutions for U.S. law firms. The system is HIPAA compliant and offers document management, timetracking and billing, calendaring and communication... Read More
 
App4Legal logo
 
App4Legal is a law practice management solution designed by lawyers for lawyers. A Web-based system, it is available for server or cloud deployment and offers a mobile app for anywhere, anytime access. With App4Legal, users can... Read More
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App4Legal is a law practice management solution designed by lawyers for lawyers. A Web-based system, it is available for server or cloud deployment and offers a mobile app for anywhere, anytime access. With App4Legal, users can... Read More
 
Coyote Analytics logo
 
Coyote Analytics is a comprehensive financial software system specifically built to meet the needs of law firms that is available in both web-based and on-premise formats. The program includes modules for billing, accounting, and administration,... Read More
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Coyote Analytics is a comprehensive financial software system specifically built to meet the needs of law firms that is available in both web-based and on-premise formats. The program includes modules for billing, accounting, and administration,... Read More
 

Buyer's Guide

by Eileen O'Loughlin,
Market Research Associate
Last Updated: September 1, 2017


Tracking billable hours using paper-based methods, or even spreadsheet programs such as Microsoft Excel, can be tedious and time-consuming. What’s worse, these methods create lots of potential for human error. Even after you’ve calculated billable hours, you’ll still need to generate invoices and stay on top of client accounts.

Accurate tracking of billable hours ensures a steady flow of revenue for your law firm or private practice. To automate the billing process and make sure billable time isn’t slipping through the cracks, you’ll need dedicated legal billing software. There are many different types of software that can streamline time tracking and billing for lawyers and legal departments. This guide will help you understand the major categories and features.

Here’s what we’ll cover:

Best-of-Breed Options vs. Practice Management Suites
Common Functionality of Legal Billing Software
What Type of Buyer Are You?

Best-of-Breed Options vs. Practice Management Suites

Because billing is foundational to a law office’s operations, there are a number of stand-alone solutions on the market. Time tracking and billing modules are also integrated into more comprehensive practice management software suites. A practice management suite is a single system that manages all areas of your law practice.

If you need extensive case management, document management or contact management functionality in addition to time tracking and billing, you should definitely look into practice management suites. Some suites even integrate time tracking capabilities throughout the system’s modules. For example, you can track time in a document management module without having to use a timer.

If all you need is a better way to track billable hours, look into the many stand-alone solutions on the market created for this purpose.

Common Functionality of Legal Billing Software

Functionality of legal billing software can be divided into three categories: time tracking; bill preparation and payment; and general ledger.

Time Tracking Functionality

Calendar Calendar may be included, or software may integrate with a calendar application (e.g., Microsoft Outlook). Events created in your calendar can automatically feed into calculations of billable hours. In some systems, calendar information can be used to fill in gaps in billable time.
Multiple fee schedules/billing arrangements Allows users to bill time in hourly, contingency, transactional, user-defined, flat fee (monthly, annual or user-defined), retainer fee and split fee increments.
Billing rates by timekeeper level Allows users to bill by timekeeper level: e.g., individual attorney, partner, associate, practice area type and client levels. Primarily used by larger firms.
Automated time capture Draws on calendar data, documents and tasks to fill in gaps in your billable time.
Stopwatch timers Users can set timers to track each minute of billable time.
Activity codes Allows users to assign activity codes to billable time, including the codes established by the American Bar Association (ABA). Users can also define their own codes.
Expense tracking Allows users to track expenses associated with clients’ accounts.
Missing time reporting Allows the system to report on gaps in your billable time.
Screenshot of time records in Actionstep

Time records in Actionstep

Bill Preparation and Payment Functionality

Client invoicing Automatically generates client invoices based on the billable time recorded in the system. Bills can be delivered via email, or electronically in Legal Electronic Data Exchange Standard (LEDES) format.
Customizable invoice templates Allows users to customize invoices with their firm’s logo.
Past due notices Automatically notifies clients when bills are past due. Some systems can also calculate late fees automatically.
Low retainer reminders Sends automatic notices when clients’ retainer fees are getting low.
Credit card processing and EFT Some systems allow users to accept credit card payments. Other systems allow for electronic fund transfer (EFT) payments via automated clearing house (ACH) processing as well as PayPal gateways.

General Ledger Functionality

Client account balances Users can record invoices and payments and maintain account balances for all clients.
IRS filings Automatically prepares IRS filings on the basis of information stored in the system.
Trust accounting Allows users to manage trust accounts for clients and even author checks within the system.
Interest on Lawyer Trust Accounts (IOLTA) Accounting IOLTA, which helps raise money for legal aid for those in poverty via interest earned on client funds, entails special accounting requirements that you can manage with your software. The software protects against accounting mistakes and automatically records paper trails in case of an audit.
Financial reporting The system can automatically generate reports on information such as outstanding balances and client inactivity.
Screenshot of recording payments in Rocket Matter

Recording payments in Rocket Matter

What Type of Buyer Are You?

The type of legal billing software you choose will depend, in part, on your specific needs as a buyer. For example:

  • Solo practitioner. If you have your own practice, you’ll really only need the most basic time-tracking capabilities. While features such as automatic time capture are obviously useful to all attorneys, they’re confined to expensive systems that might not be the best fit for solo practitioners.
  • Small firms. Small firms should think critically about whether to go with a stand-alone billing solution or a practice management system. If you have special accounting, mobile access and/or payment needs, you may need to invest in a more robust solution.
  • Large firms. Large firms will need extensive functionality for managing individual time-keepers and clients. Reporting features are also crucial for large firms to identify revenue opportunities. Finally, some legal billing systems include capabilities like those found in customer relationship management systems, which can be necessary for managing lots of clients.
 

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