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Optimize Your Legal Billing Practices with TimeSolv: A Comprehensive Guide

Discover effective billing practices and software solutions tailored for legal professionals. TimeSolv offers flexible billing options that ensure accuracy and ease, compatible with various devices and software. For only $29/user/month, you can enhance your time management, capture billable hours efficiently, and streamline billing processes. With professional custom invoices sent bi-weekly, improve client engagement and cash flow while presenting a polished legal image. Transition to flat fee structures where applicable to simplify billing for routine legal issues.

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Optimize Your Legal Billing Practices with TimeSolv: A Comprehensive Guide

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  1. Billing Practices Reform

  2. Software • Choose and purchase a billing software package • Comparison chart:http://www.americanbar.org/content/dam/aba/migrated/tech/ltrc/charts/pmtbchart.authcheckdam.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. Results • 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. Invoices and Communication • Create a custom invoice that is: • Professional • Attractive • Accurate • Detailed

  7. 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

  8. Result • Happier clients • Higher collection rate on billed hours • Better cash flow • Enhanced professional image

  9. Fee Structure • 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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