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Five Ways to Make Legal Billing Easy
Inadequate legal software can make day-to-day tasks such as billing, mundane and difficult. But with a good legal practice management system, billing can be painless. Here are a few tips to make legal billing easy.
- Set realistic client expectations
Set a cost agreement with each client so both parties know what to expect once you start working on their matter. Also, remind clients that unpredictable costs do occur. Preparation and warning is always better than conflict and dispute. - Bill as you go
Don’t wait until the end of the month or until the end of matter to bill your clients. Billing as you go will make things easier for you and the client! Smaller bill amounts are more affordable and clients can budget for them. - Offer multiple payment options
In this day and age, all your bills can be paid online. The same should be the case when your clients pay you for your services. Offering clients multiple ways to pay such as online or by check will make things easy and help you get paid faster. - Stop chasing debt
Time is money. Instead of focusing your valuable time chasing clients who haven’t paid, focus on billable tasks. To do this, ask for a trust deposit when appropriate or suspend service to clients who won’t pay. - Use technology to get paid
Using good practice management software that will provide you with detailed and useful reports and alerts will help you to keep on top of debtors and allow you to bill more easily and more often.
Making simple adjustments like the five examples above can help to accelerate your cash flow and reduce your working capital requirements.
To learn more about how to make legal billing easy, please visit www.leap.us.