- TimeSolv: Best for small firms
- Rocket Matter: Best for firms of all sizes
- AbacusNext: Best for large firms with complex needs
- MyCase: Best for small firms using QuickBooks
- Clio: Best for growing firms
Law firms have particularly unique, if not complex, billing needs. Even solo practitioners and small firms have to track and allocate hours to clients, account for retainers and manage a variety of rates and billing options. And lawyers have to comply with strict legal and ethical requirements.
Dedicated legal billing software can alleviate a lot of headaches and allow you to capture more billable hours. Cloud-based solutions let you log hours and manage cases from anywhere, keeping up with the way you work. Forbes Advisor rated and reviewed some of the most popular legal billing software options available to help you decide which is right for your practice.
The Best Legal Billing Software Of 2024
Forbes Advisor Ratings
Company | Forbes Advisor Rating | Starting price | Project management | Payments | LEARN MORE | ||||
---|---|---|---|---|---|---|---|---|---|
TimeSolv | 4.5 | $39.95 per user per month, plus free 30-day trial | To-do list, milestones, budgeting | Store information for automatic invoice payment | View More | ||||
Rocket Matter | 4.5 | $39 per use per month, plus free 15-day trial | Kanban boards, document storage and sharing | eCheck or credit card payments, payment plans available | View More | ||||
AbacusNext | 4.4 | $59 per use per month, plus free 14-day trial | Time tracking, calendar sync, automated court rules | Client portal with APX PayNow | View More | ||||
MyCase | 4.4 | $39 per user per month, plus a free 10-day trial | Document storage and sharing, calendaring, automated workflows | Online payments through MyCase Payments | View More | ||||
Clio | 4.2 | $39 per user per month, plus a free 7-day trial | Notes, contacts, document storage, tasks, time tracking | Secure online payments by credit, debit or eCheck | View More |
Methodology
For our ratings, we evaluated some of the most popular legal billing software according to the features they offer customers, including billing, scheduling, reporting, analytics and encryption. We also factor in third-party ratings and reviews from G2 and Capterra to include expert and customer feedback in our rankings. Finally, we consider these subjective factors:
- Features: How do the available features compare with competitors’?
- Value for the money: Does the pricing align well with the features offered?
- Popularity: How widely is it used?
- Ease of use: How much of a learning curve does the software require?
How to Choose Legal Billing Software
Which software is the best fit for your firm depends largely on your practice’s size and needs. Law practice management and legal billing software could offer a range of features, including:
- Billable hours tracking
- Expense tracking
- Invoicing (manual or automated)
- Tracking late payments and automated follow-up
- Case information management
- Document storage
- Document sharing with employees and/or clients
- Customer relationship management
- Document signing
- Legal calendaring
- Online payments
- Bookkeeping and/or accounting features
To determine what you’re looking for and which features are worth the cost for your firm, consider your firm’s needs. Some questions to consider:
- Do you currently use accounting software? Are you looking to switch or do you need something that will integrate with it?
- Do you currently use document signing and management software? Do you want to switch, or do you need something that will integrate?
- Do you want to handle case management and billing in the same place or separately?
- How many users will your firm need to set up in the software? (This affects pricing.)
- Do you need software that offers trust accounting, or will you manage that separately?
- Will your clients be open to paying through an online portal instead of by check or another method?
Most legal billing software (including those on this list) includes the basics any firm needs: information security, data backups, cloud access, invoicing for time-tracked and online payments. Choosing the one for you will come down in part to pricing and in part to small differences in features and functionality.
Frequently Asked Questions (FAQs)
What is legal billing software?
Legal billing software is a downloadable or cloud-based program that lets you track billable hours for law firm clients, send invoices and get paid. Typically, it includes billing features unique to law practices, such as trust accounting, LEDES billing and retainer payments. Many legal billing platforms also include case management so that you can organize matter documents and information in one place along with client billing.
Why use legal billing software?
Legal billing is complex compared with billing in other small businesses. Legal billing structures are unique, and lawyers are subject to strict ethics and accounting regulations. Dedicated legal billing software can help your firm manage time tracking and invoicing more efficiently than general bookkeeping and invoicing software might allow.
What are the most common types of billing methods in a law firm?
Hourly billing is the most common type of billing for legal practices, but firms might also offer options for flat fees, retainers or contingency fees (set as a percentage of the amount of an award won through judgment or settlement).
Can lawyers use PayPal or accept Venmo?
Ethical and legal rules for accepting online payments, such as credit and debit cards and peer-to-peer (P2P) payments, vary by state and location. Whether you should take payments via payment apps, such as PayPal or Venmo, depends on whether clients are paying for earned fees or retainers. You’re required by law to place retainer fees in a trust account, which these apps don’t do.
What are some benefits of legal billing software?
Using legal billing software helps to eliminate some or all potential human errors by automating several processes that are normally done manually. This also saves time. Automated billing and other processes also help improve project and client management. Your billing process is also more streamlined and bills are processed and sent out in a timely manner.