Even if the firm can recognise their issue, they fail to address the problem and the toll is subsequently taken out on their legal proceedings. These everyday tasks require more time and effort than they should because firms are using antiquated methods to accomplish daily tasks. This is due to law firms having many moving parts that have to deal with the stress of meeting multiple client demands while also focusing on repetitive administrative tasks, like tracking billable hours, sending or receiving invoices, tracking down late payments, setting reminders etc. Regrettably, these challenges are ubiquitous and can badly affect law firms of any size. Law firms regularly face many challenges when they fail to enforce efficient time tracking and invoicing systems into their law firm billing process. The final version of these bills is created and sent to the client to proceed with the payment, where clients choose the suitable payment method, whether it’s cash or bank transfer. Lawyers add notes, adjust costs as needed, and approve the bill throughout the case.

At the end of the case, the finance team counts all bills and expenses and drafts a bill for the client to pay. The billing process looks the same among most law firms the legal firm onboards a new client, creates their legal matters portfolio and logs the billing time, fees, and expenses throughout the case. Traditional Legal billing process law firms use This often includes billing-related tasks like reviewing and sending invoices, processing payments and updating trust account logs. Most legal practitioners record only three billable hours per day on average, with the leftovers of their workday going towards a wide array of non-billable work. And no doubt that law firm billing, including billing clients and chasing down payments, is one of the most repetitive and time-consuming parts of any legal practitioner’s day. Legal Billing is crucial to law firms of all sizes.

Law Firm Billing: Challenges and Best Practices for Easier, More Efficient Legal Billing

Billing programs for attorneys