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.
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....
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...