Legal Billing

Legal Billing

Successful legal billing is essential for the financial success of your law firm. By following these tips, you can improve your billing practices and get paid faster:

  • Use a time tracking system. A time tracking system will help you to accurately track your time and ensure that you are charging clients for all of your billable work.
  • Bill regularly. It’s important to bill your clients regularly, typically on a monthly basis. This will help you to get paid faster and avoid disputes over fees.
  • Be clear and transparent about your billing practices. When you first engage with a client, be clear and transparent about your billing practices. This includes explaining your hourly rate, billing increments, and any other relevant fees.
  • Provide detailed invoices. Your invoices should be clear and detailed, outlining the services provided, the time spent on each task, and the associated costs.
  • Follow up on unpaid invoices promptly. If a client does not pay their invoice on time, follow up with them promptly. This may involve sending a reminder email or calling them to discuss the invoice.

In addition to the above tips, offering multiple payment methods, alternative fee arrangements and using a legal billing software can help you make your clients experience less stressful while ultimately saving you time and money.

ATB Partner, Lawmatics, has put together a comprehensive checklist to provide you with everything you need to know about legal billing. Click on Exercise Files to read more!