Small firm attorneys cite underearning as their biggest pain point, according to a new LexisNexis survey of 450 attorneys in firms from 1-20 in size. In addition the data indicates 40 percent of these attorneys’ actual billable time is not being accounted for, due to inefficient billing and time tracking practices.
To help alleviate this burden, LexisNexis today unveiled powerful new features to its Firm Manager practice management software.
Most notable is a new option which takes the LexisNexis Firm Manager software from a mainly solo/small-firm solution to a rock-solid choice for larger firms.
Essentials includes new functionality especially designed for firms in a position of growth to make better informed business decisions related to productivity and billing: such as role based permissions, productivity reporting and task tracking capabilities. These new features can now help attorneys in growing firms enforce more control and oversight over their firms, while enabling them to focus their attention on business development.
For solo attorneys who are just starting out or looking to better manage their firms in a more centralized, mobile and secure way, fear not, there is also an introductory Starter option.
“Solo and small firm attorneys can now choose the Firm Manager software package that squarely fits their business needs based on their firm’s their size and complexity,” said Wes Gillette, director of product management for Firm Manager.
Starter Option at a Glance
The Starter package includes all of the features and benefits needed to help solo attorneys more effectively manage and grow their practices such as:
- Matter Management
- Calendar Synchronization and Scheduling with Google® and Microsoft® Office 365™
- Configurable Invoicing with Accounts Receivable and Billing Dashboards
- Trust Account Tracking
- Document Management
Essentials Option at a Glance
Essentials, includes all of the functionality included in the Starter option, as well as more robust features for firms in a position of growth such as:
- Productivity, Billing, Accounts Receivable and Trust History Reporting
- Role-based Permissions
- Integrations with PCLaw®, QuickBooks™ and QuickBooks™ Online Integration
- Customizable Checklist and Intake Templates
“Whether a solo attorney is looking to get more control over the practice as a whole, or a larger firm wants to chart productivity and grow its business, these new package options provide a tailored range of features and benefits to meet these needs and, most importantly, help attorneys stay focused on what they do best—practicing law and getting paid for it,” added Mr. Gillette.