TimeSolv’s priority is to find solutions that save you time and increase your workflow efficiency. That’s why we have a few solutions for you to be able to track Time and Expense wherever you are, any device, any time, and even if you are offline. This Tip of the Week explores options to create entries
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Dos & Don’ts: Electronic Payment Processing for Law Firms
Do you find the idea of processing electronic payments from your legal clients daunting? Most law firms do. With the ABA’s strict IOLTA trust accounting guidelines, there isn’t a lot of room for error. Without rigorous compliance safeguards in place, you run the risk of landing in hot water due to some common payment processing…
QuickBooks vs. Xero: Which Accounting Software Is Best for Your Firm?
Going up against QuickBooks might seem like a big task for an accounting software, but let’s be honest—there are some great contenders in this title fight. One tool that’s been getting a lot of attention in recent years is Xero. While QuickBooks still holds the largest market share in the U.S., New Zealand-based accounting software…
8 Reasons Time Tracking Is Necessary for Profitable Flat Fee Billing
Although most law firms continue to use traditional billable hours, 84% of law firms also use alternative fee arrangements to charge clients for at least some of their services. In 2021, flat fee billing was a significantly more popular alternative fee arrangement compared to other billing approaches, such as retainers, contingency fee billing, or blended…
5 Tips for More Effective Family Law Firm Time and Expense Tracking
Many family law firms rely on an array of ineffective methods to keep track of time and expense entries. From crumpled (and often lost) receipts intended to be stuffed into a client folder to excel spreadsheets that get updated sporadically at best, many time and expense tracking methods ultimately waste more time and money than…
7 Reasons Why Your Law Firm Needs E-Signature and Secure File Sharing
Secure file sharing may seem like newfangled technology, but its purpose is as old as the legal industry itself. Long before the advent of computers and hacking, attorneys were tasked with protecting legal clients’ information from identity thieves. The primary way for attorneys to protect client confidentiality is to simply keep private legal documents private.…
Utilizing Your CRM to Effectively Market to Current Legal Clients
Bringing in new clients is key to growing your legal practice, but it’s just as important to nurture relationships with existing clients. Acquiring a new client can cost your law firm up to five times more than retaining the ones you already have. But when you’re busy running a law firm, how do you find…
Migrating from Legacy Timekeeping Software
The primary reason that law firms continue to rely on legacy timekeeping software is the simple fear of trying something new. The secondary reason is that attorneys are simply misinformed about the risks and benefits of cloud-based providers. After all, outdated legacy timekeeping software often gives users more problems than perks. The truth is that…
Client Portal Essentials for Law Firms
Tired of outdated, inefficient administrative practices that leave you and your clients with headaches?
How Document Automation Can Transform Your Law Firm
In recent years, the use of software automation has expanded rapidly in almost every industry—and while the legal field has always been slow to adopt new technologies, more and more law firms are discovering the power of document automation.
The Top 4 Features to Look for in a Client Portal
Between billing, time tracking, and providing status updates to clients, administrative efforts take up a lot of valuable time in the workdays of attorneys and their support staff. Luckily, there’s a simple way to reduce workload and make administrative processes more efficient—a client portal. Why use a client portal? Working with a client generates…
5 Project Management Tips for Law Firms
Attorneys have to carefully juggle a number of various tasks throughout the day, from advising clients on legal concerns to discussing legal proceedings and issues with colleagues. All these tasks are accompanied by the need to manage the costs, time, scope, and resources involved in completing legal matters. And with the growing client demand for…
Tip of the Week: LexShare & LexSign Integration
This week’s Tip of the Week explores the new integration and all that it offers. TimeSolv is excited to announce a brand-new integration with LexShare and LexSign. Users can now sign up for a premium document sharing and eSignature requesting feature for an additional monthly cost.
Document Management Tips for Personal Injury Law Firms
The COVID-19 pandemic is leaving a more digitized world in its wake. To live up to client expectations, many personal injury law firms are implementing electronic document management solutions and leaving metal filing cabinets in the (literal) dust. Is yours? Using cloud-based document storage applications to convey important case information to clients and colleagues is…
Essential Time & Expense Reports for Lawyers
The success of your law firm depends on more than your attorneys’ legal knowledge—to achieve consistent growth and profitability for your practice, you also need the insight to make sound business decisions. The key to gaining this insight? Monthly reporting. By shedding light on where your team’s time is spent and what expenses your firm…
Five Reasons Your Law Firm Needs an Expense Tracking Software
Many law firms still rely on disorganized stacks of crumpled receipts, Excel spreadsheets, and filing cabinets to record and track their expenses. The problem? These methods are outdated, inefficient, and error-prone—and a major administrative challenge for your attorneys and staff. By implementing a legal expense tracking software, your firm can pave the way for: More…