Our firm stopped billing by the hour longer ago than I can remember. We shifted from hourly billing to a fixed fee system and never looked back. Our clients have appreciated the predictability and certainty of our fee structure.
However, most firms are still billing hourly. I’m glad that’s the way things are because we’ve gained a competitive advantage over firms unable to quote a specific fee to a client.
If you’re still billing hourly, then you’re likely contemplating a new billing system. I remember back when we had software for time and billing. We always hated the product we were using and were constantly on the lookout for something new and better. Unfortunately, we had a hard time finding accurate, objective reviews of the available products. We were constantly testing out demo versions of products and attempting to compare one to another. It was burdensome back then, and things aren’t much better today.
How to Find the Right Billing Software for Your Practice
Thankfully, TechnoLawyer just released the TL Research Buyer’s Guide to Legal Billing Software. It’s an information-packed e-book that includes pricing information for lawyers in need of a billing product. Their researchers dig in and break out the features, benefits, and limitations of each of 22 separate billing products. It’s the most comprehensive guide to billing products I’ve ever seen.
The best part of this buyer’s guide is that it’s free. You can get your free TechnoLawyer membership and download the guide immediately. If you bill by the hour, then downloading this guide is essential. TechnoLawyer does a range of things other than provide the free guide to billing software. It also has a bunch of free e-mail newsletters that contain valuable information for practitioners. I get a couple of e-mails from TechnoLawyer each week, and they provide the kind of information I can immediately put to use in my practice. Download the billing guide and get current on the latest in legal billing software.