5 Types of Software Every Law Firm Should Have – What to Know
Law offices have an influx of clients each day, and dealing with all the tasks and specifics related to each can make it confusing and messy without a proper process. Thanks to the advancements in technology, there are numerous platforms that can ease the routinary tasks—helping make work efficient while also lessening the margin for errors.
As a growing law firm, you’ll need as much support as you can get to help you track client expenses, manage accounting and bookkeeping, provide realization reports, and monitor the time worked, among others. Thanks to the development of legal software, you have the framework to do just that—all while enabling you to maximize your firm’s efficiency and stay compliant with rules and regulations.
To help you focus on what sort of software you may need, here are the five most crucial legal software that every law firm should have.
Accounting and Bookkeeping
Accounting and bookkeeping are part of the regular tasks that any business handles but is one of the more crucial tasks to run a business. For law firms, however, staying on top of this can be too time-consuming, which is why having an efficient method to automate this can be a big help.
Software that falls under this can handle trust accounting, produce detailed financial reports, and create custom invoices—thus reducing the need for dedicated personnel, while simultaneously lowering the risk of human error. Utilizing these can also help you streamline billing and invoicing, as well as help in staying compliant with the latest financial laws.
Legal practice management programs can automate both back and front-office tasks—case management, calendaring, conflict checking, and appointment scheduling to name a few. Through this type of software, you can streamline your daily operations and track your organization’s records, documents, and deadlines much more efficiently and quickly.
Legal document management systems allow you to organize and access your many files—be it cloud-based or on-premise. Through these, you can stay on top of your documentation without the stresses of having to find something in a mountain of filed envelopes and folders. The common features of these include document tagging, full-text document search, and document version management.
Online Payment Processing
Your invoices should be paid on time, which is why it’s good to have a system that will allow your clients to pay you directly through your website with multiple options—be it via credit card, debit card, e-check, or ACH. Some providers offer solutions that send alerts or reminders to clients when a due date is nearing, whereas others even come with the function that notifies you when your invoice has been viewed. Through this, paying isn’t only made more convenient—it’s also safe and secure for both your client and yourself.
Time tracking software assists you in managing time and staying on schedule. However, it can also measure your productivity levels and allow you to monitor billable units—with some apps that even let you invoice clients directly from the platform. Choosing a time tracker that’s available on mobile devices may benefit you more as well, as it tracks your time even when you’re on the go.
By finding legal software that can help you handle these aspects of your business, you can focus your time on your clients rather than sifting through the logistics. Although there are numerous providers to choose from, finding the one suited for your law office needs only a bit of researching to point you to the best one.
If you’re looking for legal document management software, then we’re the easiest option for you – we’re capable of finding you the best solutions for any legal need!