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Tag Archives: law firm invoicing

The Deep Discount Attorney and other Cautionary Tales

The Deep Discount Attorney and other Cautionary Tales

At the beginning of the year, we shared big ideas from Ann Guinn: Infographic: 9 Ways to Run a Small Law Firm as a Business.  More recently, she presented these insights during a webinar titled: The Happy Lawyer’s Guide to Running Your Firm like a Business. While much of her discussion covers the 9 keys to running a firm like ... Read More »

4 Tips for LEDES and Establishing Client eBilling

4 Tips for LEDES and Establishing Client eBilling

Electronic Billing or eBilling isn’t about generating a PDF file of an invoice and emailing it to a client according Dana Riel of Business Solutions, Inc. during a recent LexisNexis webinar: “Electronic Billing in Time Matters and Billing Matters.” “Electronic billing is when your client comes to you and says you are not going to give us a paper bill ... Read More »

Sage Small Law Firm Accounting Advice from an Expert

Sage Law Firm Accounting Advice from an Expert-head

In an effort to save some money, a well-intended small law attorney had been managing his own books.  Now the auditing committee from the state bar association was taking a look – and couldn’t make sense of the data. Given her expertise with accounting software, and a history of teaching accounting at the university level, the auditing committee called Gale ... Read More »

Law Firm Client Value Guarantee: Hare-Brained or Genius?

Client Value Guarantee Hare-Brained or Genius

A survey we conducted last year found law firms that discount have more past due clients.  What if law firms didn’t discount – but afforded the opportunity to clients to write down invoices as they see fit? Enter the client value guarantee, which Adam Smith, Esq. points out many will think “is a hare-brained idea.” The legal economic consultancy describes ... Read More »

Attorney Time Saver:  Firm Manager Releases Batch Invoicing

Firm Manager Invoice complete-small

Most small law firms – about 62% of solos and duos – spend roughly 8 hours a month on billing processes including invoicing.  About a quarter spend upwards of 16 hours a month.   There are handfuls that can spend more according to a law firm billing survey LexisNexis published in August of 2014. The business case for efficient billing process ... Read More »

10 Tips for Improving Law Firm Invoicing and Billing

10 Tips for Improving Law Firm Billing and Invoicing

The ABA Journal has a full page graphic in this month’s print edition: Many small firms face big payment problems. The graphic is based on data from a LexisNexis billing survey of small law firms published in the second half of last year.  In contrast to billable hours survey previously conducted, this survey aimed to learn about the billing and ... Read More »

5 Solid Tips on Law Firm Billing and Invoicing

5 Solid Tips on Law Firm Billing and Invoicing

Should a law firm charge a client for the two bottles of water consumed over the course of a long meeting?   Probably not – at least according to Keith Lee, an attorney who relayed this example, in a post on Above the Law called Do You Build Invoices Or Relationships? For all the challenges of law firm billing it’s worth ... Read More »