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Awkward Billing Procedures
Due to the awkwardness of billing procedures, many attorneys don't like, and therefore delay,
invoicing clients for services rendered. L.A.W.S./Pro has streamlined the billing process.
It concentrates on converting accumulated work in process to collected revenue as efficiently as possible by:
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Dramatically reducing work in process review time:
The L.A.W.S./Pro time entry and calendering system
encourages the timely recording of services rendered.
A natural byproduct of this efficiency is the ability to review the entered work in process daily.
Immediate daily review and correction of 10 to 20 transactions per day takes only several minutes yet
dramatically increases the productivity of the review process. The transactions are fresh in the attorneys
mind and errors are readily recognized for correction. Daily review virtually eliminates all but a cursory
review of the work in process prior to billing.
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Simplifying the invoicing process:
The L.A.W.S./Pro billing selection process is quick and simple.
With a push of a button, all matters containing billable time are selected and displayed for billing.
With a second click of a button, the invoices may then be printed, posted to the clients accounts receivable,
and relieved from work in process.
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Eliminating manual labor:
For increased efficiency, the client invoices may be directly e-mailed to the client eliminating the
printing, folding, envelope preparation, postage, labor and the time delay associated with the physical
mailing of invoices.
In addition to the automatic creation of accounts receivable and the relief of work in process,
L.A.W.S./Pro eliminates the need to physically copy and store
the law firms copy of the invoice. Electronic images of the actual invoice may automatically be stored
in the document repository program eliminating manual filing systems.
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Encouraging frequent, smaller invoices:
The simplicity of L.A.W.S./Pro billing encourages the monthly
billing of all matters with work in process balances. Frequent billings of smaller dollar amounts
drastically improve collection probabilities. Clients are more likely to be able to pay six individual
monthly invoices of $500 each rather than paying a single large invoice for $3,000.
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More Info
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Rule of Thumb-
Generate smaller, more frequent billings to clients to increase collection. Clients can normally
budget for, and forward payment, for several small invoices rather
then remitting payment in full at the completion of the case.
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L.A.W.S./Pro Invoicing-
The L.A.W.S./Pro invoicing system provides
a simple and efficient means of converting non-billed work in process to collected revenue.
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Cost Benefit Analysis -
Analysis of costs incurred by due to inefficient billing procedures.
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