The Best Accounting Software for Your Law Firm
This list of the top 5 law firm accounting software programs are designed specifically for solo legal practitioners and small- to mid-sized law firms and can help your legal practice better manage time, billing, accounting, and cases.
AbacusLaw is a legal practice management software for small law firms or solo legal practitioners. Some of the AbacusLaw features include:
- legal calendaring
- legal workflow processing
- time tracking
- payroll processing
AbacusLaw's is unique because it is a customizable law firm accounting software. This customization means that AbacusLaw can be used for almost any legal specialty.
This customization also means that you have to be willing to invest in the set-up of AbacusLaw because it will not function as easily as other out-of-the-box like legal accounting software applications.
As long as you are willing to invest the time in setting up AbacusLaw, then you will find that the software will streamline your practice.
Bill4Time is used by many small law firms to help manage billing and timekeeping — any company that uses billable hours can use the software program to better manage timekeeping and billing processes.
There is a legal industry-specific Bill4Time that include America Bar Association (ABA) Task Codes, LEDES export for invoices, and conflict of interest checking. This law-firm edition also includes some trust accounting and trust reporting capabilities.
Clio is a practice management software for small law firms. With Clio, you have the ability to set up legal calendars, task management, time tracking, trust accounting, and document management capabilities for your law firm.
Clio s a cloud-based law accounting program, so you can access the software from anywhere where you have an internet connection. Clio is a legal accounting software program that is especially useful for lawyer's who are always on the road.
Legal Files is a case and matter management software for law firms. You can use Legal Files for case matter management, litigation management, file notes, response tracking, document text searching, automated task scheduling, and phone messaging.
LegalFiles is useful for practice management and other features, but you will likely need a stand-alone accounting software application to work with LegalFiles to meet your accounting needs. However, LegalFiles practice management features are superior to other legal accounting software programs.
PCLaw is a legal accounting software program from LexisNexis. PCLaw features include contact and client management, case and matter management, and many other accounting features that you will need to manage your legal practice.
LexisNexis makes other accounting modules available to you in this legal accounting software so that is scalable if your practice grows — and affordable if your practice is small. For example, you can add payroll processing and credit card processing to PCLaw for additional fees.