Updated on December 31st.
Starting a solo practice can be a lonely, daunting, and expensive task. Not only are you worried about providing stellar legal services, but the responsibility also lies on your shoulders to bring in adequate revenue to keep the office up and running. All of this together can prove extremely challenging – especially without the right technical resources.
Legal billing software is a must for law firms of every size, but it is especially important for solo practices. These technologies can streamline a firm’s billing process to get invoices out faster and payments through the door in a timely and efficient manner.
Time Tracking
One of the most critical things for solo lawyers to remember is the importance of logging billable time immediately; the longer you wait, the more likely it is that inaccuracies will take place. The most efficient way to keep a tab on your hours is to use a time tracking app that can be used across a range of devices and offers you offline access for those frustrating times you cannot get online. Manually totaling billing hours wastes time and will just result in you creating non-billable working hours for yourself when you are already burdened with the excessive and frustrating workload associated with being a solo practitioner.
As a solo practitioner, you need to understand the true monetary value of your precious time and services, so you can strive to work towards spending maximum time on billable tasks and hours. If you choose to employ a simple clock start and stop app for time tracking, you may well regret it when you suddenly need to complete a task for a client that your free app isn’t cut out to do. This option may also prove inadequate when you are working away from the office or find yourself without immediate access to the internet.
Legal matters can be complex and, especially in the current climate, attorneys may work within a variety of settings. This is why solo lawyers need legal time tracking software that meets all of these needs. Whether you are a solo attorney or a large law firm, there is an appropriate legal billing software out there for you.
Invoicing
It’s not just manual time entries that waste valuable hours, sending out bills is another chore that solos can spend too much time completing. Without adequate technologies in place, solo lawyers may find themselves repeatedly reinventing the wheel when creating invoices. These situations not only waste time, but they can also result in late and inaccurate invoices, in addition to late and incomplete client payments. This is where legal billing software is the solution to reducing your non-billable hours, freeing your time to work on the productive and money-making tasks.
Comprehensive legal billing software allows solo attorneys to keep adequate time tracking records and then efficiently turn those records into professional and complete invoices. Here at TimeSolv, we can help you find the best and most affordable billing software suitable for your solo legal practice.
Money Well Spent
A successful solo attorney must be willing to invest in the resources necessary to sustain their legal practice. Do not make the mistake of seeing yourself as a lawyer on such a budget that you are unwilling to spend on software that will increase your productivity, efficiency, and profitability. If you are spending $35 a month, it is money saved on the non-billable process of manually calculating billing hours each month.
Getting paid can be a difficult and frustrating task, especially for solos. When you have worked hard to provide quality legal services, you deserve to get paid for your time and effort. And when you realize your time is your money, every tool that saves you billable time is considered a worthwhile investment into your business.
The Profitable Features of TimeSolv
The TimeSolv platform is packed with features and offers to help solo law firms stay profitable. Here are some of the software’s benefits:
- Cloud-based data storage to store and organize an unlimited number of clients and matters, saving you from potentially losing everything in the event of a natural disaster
- Ability to enter time and expense entries across a range of devices whether online or offline
- Set up multiple rates for yourself and support staff
- Ability to enter carefully considered descriptions for billable time to show the benefits of work performed towards completion of tasks
- Send out invoices regularly in a timely fashion and with flexible client adapted billing templates
- Receive payments in multiple ways so your clients have the appropriate options they need, making it more likely for you to get paid on time
- Unlimited document storage, saving you real file storage space in our office
- Integrations with QuickBooks, LawPay, Dropbox, Law Ruler, TimeSolvPay and NetDocuments
- Comprehensive project planning features including tasks to-do lists and milestones
- Client portal system for easy communication on the progress of matters and the receipt of invoice payments
- Performance reports for strategically analyzing strategies for success
- Secure data encryption
TimeSolv for Solo Practitioners
Using a flexible billing program is ideal for solo practitioners to grow and sustain successful law practices. Legal billing software such as TimeSolv is expertly designed with the best and most advanced tools to help you increase in success and profitability.
TimeSolv is an affordable, all-inclusive, and comprehensive legal billing software. To take advantage of TimeSolv’s numerous features, click here to learn more and sign up for a free 90-day trial.