Law firm invoicing explained

by Irayya M
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Invoicing in a law firm is much complex than other organizations. Some of the complexities are Multiple billing types, Tons of payment terms, Several formats of invoices, etc. This creates a lot of room for errors when the invoices are generated manually. As personally witnessed, a law firm of around 50 attorneys employees 5 professionals to handle their invoicing and accounts. Meaning an overhead of 10% with no returns.

Some of this are issues listed above are avoidable and the once which aren’t should certainly be addressable. Accuracy in billing customers is an important aspect and errors while creating or editing the invoices can be avoided. This saves the time required to correct those errors.
Payment terms can be simplified and technology can be used to record and track payments. Further technology can also help lawyers in following up for the raised invoice.

While multiple billing types in law firms are something unavoidable. LegalXGen accommodates almost all possible billing types and has automated the process of invoicing based on various parameters. In addition to that, LegalXGen also supports multiple billing formats.
Law Firms are able to streamline and raise more invoice using LegalXGen and scale up without expanding their accounts team and in some instances even trimming the number of accounts people. Invoicing gets more accurate, simple and automated and is also tracked using technology.

Using LegalXGen, Law Firms are reaping benefits by saving time in invoicing, ensuring accuracy, and quick receipt of invoices.