Authored By: Sara Weathers
Technology has changed the way that the legal industry operates. It’s now easier than ever to communicate with clients, perform research for cases, and file documents online. There are numerous legal software programs that have been created specifically to benefit law firms.
Legal software programs can help with tasks like managing your case files, tracking time and billing for clients, and even performing legal-specific research. These programs can help your firm work more efficiently by helping you complete more work in shorter periods of time while reducing mistakes in the process. Below are some types of legal software you may want to consider to help your firm perform at its best.
Legal Document Management
Every firm needs a way to manage its important documents, cases, billing, and more. Case management software like Clio, Filevine, and MyCase has been created specifically to help firms stay organized. These software programs make client communication and billing easier and keep your document organized in one place.
Timekeeping and Billing
Timekeeping programs can help you sort your cases by the client and the amount of time you’re spending working on each of them. Different companies offer different features that may benefit your firm. Some time tracking programs offer reporting capabilities that can help you better analyze and manage your cases, team members, and clients.
Online Payment Processing
Online payment processing software offers a secure and convenient way to bill your clients, since all information can be encrypted. Online payment programs can help your firm get paid faster and give your clients an easy, smooth billing experience.
Productivity
One of the most popular software packages is Microsoft 365*. Its multiple programs are essential in helping productivity and communication at your firm.
Case Cost Tracking With AdvoTrac®
Advocate Capital’s premiere case expense funding software platform, AdvoTrac® allows law firms to track their case expenses on a case-by-case basis so they can recover the borrowing costs**. With AdvoTrac®, our case expense financing clients can submit their funding requests and payments, track case expenses, and run reports to help them analyze their case expenses and line of credit. When you fund your cases with your own money, you are essentially giving an interest-free loan to your clients. With our case cost funding product and proprietary AdvoTrac® software, your firm can get your money back and use it to grow your firm.
For more information on how AdvoTrac® can be beneficial for your firm, contact us to ask questions or see a demo of the program.
*Microsoft 365 is a trademark of the Microsoft group of companies.
** In most jurisdictions, a law firm can recover finance charges related to funding case expenses from case awards, but the compliance requirements can be too expensive to implement. Only Advocate Capital, Inc. has the proprietary AdvoTrac® expense tracking system and service team that allows firms to easily comply with allocation and reporting requirements. So, for example, if a firm recovers at least 90% of its advanced case expenses, like most of our clients, the annual net cost of funds is very small-typically less than 1%. Contact us to discuss how our program can work for your firm. All loans are subject to credit approval, and terms and conditions may vary.
