Three ways TimeSolvPay helps your law firm increase cash flow There’s a reason why 84% of law firms accept online payments—their cash flow increases. On average, they’re paid three times faster than cash or check.
However, there’s a big difference between generic payment processors and legal-specific vendors. The legal sector has specific rules and regulations
The comings and goings of a busy courthouse may leave visitors asking, “What does a court clerk do?” Since court clerks see to the smooth running of the court, from preparing documents to coordinating schedules, it’s perhaps easier to ask what it is a court clerk doesn’t do.As pressures on the court system have increased
For firms looking to streamline their billing and payment processes, the TimeSolvPay payments feature offers a robust and convenient solution. By enabling payments via the Client Portal, your clients can settle invoices directly through the portal, ensuring faster, hassle-free transactions. Here’s how to set up the TimeSolvPay payment portal and make the most of this
Legal communication is the cornerstone of a transparent client-firm relationship. A breach of client-firm communication can result in legal and financial repercussions, loss of client privilege, compromised cases, and even regulatory penalties. With 92% of law firms and solo lawyers preferring email communication with clients, regulating emails has become essential. In the US alone, 45% of
Managing client payments can be a challenge, especially when it comes to handling interest on overdue invoices. At TimeSolv, we understand the nuances of charging interest and offer customizable settings to ensure you can align your billing practices with your business needs. This week, we’re diving into how to effectively set up and manage interest
Task codes are a crucial component of TimeSolv, providing a detailed breakdown of the work performed. They are especially important for LEDES billing, where specific codes are required for electronic invoices. Even if you’re not using LEDES billing, task codes can be a powerful tool for gaining insights into your firm’s operations. By supplying a task
Every law firm looks for ways to attract clients, build credibility, and establish a strong brand presence. Effective branding helps foster trust and enhance visibility, eventually resulting in more client referrals and a stronger bottom line.But, how can that be achieved? Through a well-executed PR strategy!
Effective PR for law firms enhances credibility in a
Juggling between TimeSolv and Outlook can eat into valuable billable hours. But what if you could effortlessly track your time directly from within your emails and calendar events? Well, fret no more! TimeSolv’s powerful Outlook integration lets you do just that. This week’s tip focuses on setting up this time-saving integration in a few easy
Artificial intelligence holds the promise of improving various industries through smart automation and advanced information processing. The legal sector itself is already reaping the benefits of AI-powered tools, helping professionals manage traditionally tedious administrative tasks such as reviewing and drafting legal documents, refining transcriptions, and conducting general research.However, even as technologies continue to evolve, the
Best practices for creating an engaging, optimized online presence While there’s no question you need to have a strong online presence, it’s not always clear what you should do to accomplish that, especially if your expertise is in legal subjects, not website design or search engine optimization (SEO). Here are a few recommendations to get you
Whether you’re a fan or not, generative AI is now a major presence in many industries and is likely here to stay. Leading this charge is ChatGPT, an advanced chatbot developed by OpenAI with capabilities of processing human language to produce relevant, generally accurate answers. Despite being a relatively young project launched in 2022, ChatGPT is
Understanding the financial health of a law firm is crucial, and a key aspect of this is grasping the concept of accounts payable. So, what is accounts payable (AP)? It refers to the money a firm owes to its vendors or suppliers for goods and services acquired on credit. This essential accounting term goes beyond
Achieving financial stability is crucial for any law firm, and this often involves effectively managing two key types of transactions: accounts payable (AP) and accounts receivable (AR). Understanding the nuances of accounts payable vs. accounts receivable is essential for maintaining a healthy cash flow and meeting financial obligations. By striking the right balance between these
Invoice management might appear to be a minor detail in the grand scheme of business operations, but its impact on a firm’s financial health is significant. A well-structured invoicing system not only ensures a steady cash flow but also supports the seamless functioning of daily activities. This is especially crucial for legal firms, where timely
Receiving an unexpected or confusing bill after a successful case can quickly diminish your client’s satisfaction with the outcome. Legal fees are often perceived as opaque, and errors or delays in billing can exacerbate this perception. To avoid leaving your clients blindsided and frustrated, create clear legal billing guidelines your team can easily implement.What is