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 Choose and purchase a billing software package  Comparison chart: ba/migrated/tech/ltrc/charts/pmtbchart.auth.

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Presentation on theme: " Choose and purchase a billing software package  Comparison chart: ba/migrated/tech/ltrc/charts/pmtbchart.auth."— Presentation transcript:

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2  Choose and purchase a billing software package  Comparison chart: http://www.americanbar.org/content/dam/a ba/migrated/tech/ltrc/charts/pmtbchart.auth checkdam.pdf http://www.americanbar.org/content/dam/a ba/migrated/tech/ltrc/charts/pmtbchart.auth checkdam.pdf

3  I chose TimeSolv Legal ◦ Flexible options for accurate and easy billing ◦ Compatible with other software ◦ Comprehensive accounting and management ◦ Mobile device compatible (iPhone, Blackberry, Windows Mobile, Palm) ◦ $29 per user per month with annual plan (includes set-up and training)

4  Training is key ◦ Older Attorneys need to become comfortable with the system ◦ Attorneys will be encouraged to use the timing features to capture billable time as they work ◦ Automatically captures time spent on phone calls and email

5  More billed hours from accurate time keeping  Frees up legal assistant to do more productive tasks  Promotes better communication with clients  Better management of client trust accounts and more immediate cash flow

6  Create a custom invoice that is: ◦ Professional ◦ Attractive ◦ Accurate ◦ Detailed

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8  Invoices will be sent out every two weeks ◦ Keeps clients engaged ◦ Bills are smaller because of the shorter time period ◦ We realize sooner if a client will not pay bills and stop doing work for that client

9  Happier clients  Higher collection rate on billed hours  Better cash flow  Enhanced professional image

10  Move towards flat rates wherever it’s possible ◦ Simpler legal issues get a flat rate  Consumer clients  Some business clients, depending on the job ◦ Avoid contingency fees when possible


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