Time and Billing

What is Time and Billing?

Legal time and billing software enables attorneys to track the time they spend and expenses they incur in performing legal work and then create and send invoices to their clients. Time and billing products may be standalone or included as part of a practice management or accounting suite.

Buyer Resources

Top Products in Time and Billing

BigHand PrebillManager

Law.com's Legaltech News

Timekeeping Startup PointOne Secures $3.5M Seed Round, Including Investment From Cooley Fund

The startup looks to leverage generative AI to “make timekeeping and billing go away as something that attorneys have to do,” its co-founder noted.

Law.com's Legal Tech News

Legal IT Insider

Foley Mansfield goes live with Verify from Zero Systems for gen AI pre-bill review

US national defense law firm Foley Mansfield has gone live with generative AI pre-bill verification tool Verify and today (15 May) joined the team from Zero Systems on stage at [...] The post Foley Mansfield goes live with Verify from Zero Systems for gen AI pre-bill review appeared first on Legal IT Insider.

Caroline Hill - Editor-in-Chief

Legal IT Insider

Wolters Kluwer launches competitive bidding software LegalCollaborator

Wolters Kluwer ELM Solutions today (2 May) announced the launch of LegalCollaborator, a competitive bidding software that makes it easier for corporate legal departments to compare, contrast, and enforce law [...] The post Wolters Kluwer launches competitive bidding software LegalCollaborator appeared first on Legal IT Insider.

Caroline Hill - Editor-in-Chief

Above the Law Tech News

A Blueprint For Collaboration And Efficiency Through Value-Based Pricing

Implementing value-based pricing requires a fundamental cultural shift within legal departments. The post A Blueprint For Collaboration And Efficiency Through Value-Based Pricing appeared first on Above the Law.

ELIZABETH LUGONES AND KEN CALLANDER

Law.com's Legaltech News

How Will AI Disrupt Legal Billing? Early Innovations Offer Some Clues

AI isn’t the first technology to disrupt the legal industry, but it’s driving a faster pace of change and altering the law firm-legal department relationship, legal analysts report.

Law.com's Legal Tech News

How It Works: A Demonstration of Sage Timeslips, Software for Attorneys’ Time Tracking and Billing

In this episode of the LawSites video series How It Works, we get a demonstration of Sage Timeslips, a time-and-billing platform for law firms, legal professionals, and service-based businesses that offers a suite of features to streamline time tracking, invoicing and financial management. To demonstrate the features of Sage Timeslips, our guest today is Desi...

TechLaw Crossroads

Using AI and Automation For Back Office Tasks: A Quiet Revolution in Law Firm Management

As I previously posted, I spent last week at the ILTA conference in Orlando. Like just about every legal tech discussion and conference these days, talk about generative AI and its uses in the substantive end of law practice dominated. Lost in all this hype, though, a quiet revolution is going on with the use...

The Power of Legal Time Tracking and Billing Software: A Guide for Law Firms

From : Blog Entry >> Marcos’s Blog EntryAs a lawyer, managing your time and billing can be an unnerving task. Without proper management, you could easily lose track of your billable hours, miss important deadlines, and ultimately... lose clients. Thankfully, legal time and billing software exist to streamline these processes and make your life easier....

Aderant Will Soon Launch AI Product to Help Law Firms Comply with Outside Counsel Guidelines

Aderant, the company that provides business management software for law firms, said today that it will soon release an AI-powered product that will automate law firms’ compliance with outside counsel guidelines. It will launch the product, which it calls Onyx, at its Momentum user conference in Denver May 8-11. “Law firms have been grappling with...

Law.com's Legaltech News

Aderant Unveils AI-Powered Onyx To Automate Outside Counsel Guidelines Compliance

Business management software provider Aderant is rolling out Onyx, an AI-powered outside counsel guideline (OCG) management solution that seeks to set itself apart by automating and validating guideline compliance for law firms.

Law.com's Legal Tech News

Law Practice Tips

The Trouble with Timesheets

When lawyers leave private practice to take an in-house counsel or government position, they are often asked about the differences in their new roles. Many of them say they are pleased not to have to complete timesheets anymore – it is a relief not to have to look at the day in six-minute increments. As most...

As It Expands Into Other Verticals, Time by Ping Rebrands As Laurel

Time by Ping, a company whose product is designed to help lawyers capture time automatically, this week announced that it has rebranded the company as Laurel as it expands beyond the legal industry into serving customers in all fields of professional services, including accounting and consulting. The company, which last year raised $36.5 million in...

Law Practice Tips

The Billable Hour Today

The term “billable hour” has long been a topic of discussion in the legal community. However, for such a simple term, it can be used in different ways. The most obvious answer is that hourly billing and the lawyer’s hourly billing rate is the method, likely still the predominant method, of determining how much clients...

Time and Billing Software TimeSolv Now Integrates with LexCharge for Payments

In September, the private equity firm Lightyear Capital LLC, through a newly formed company called ProfitSolv, made two notable acquisitions of legal technology companies: Rocket Matter, the cloud-based practice management company, and TimeSolv, a provider of cloud-based legal billing and timekeeping software. In acquiring Rocket Matter, ProfitSolv also got the payment processing company LexCharge, which...