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Practice and Firm Management

What Is Legal Billing Software?

Turning recorded time and expenses into invoices, applying rates and client billing rules, and tracking payment.

Legal Tech GlossaryBy The Circle Desk

Why It Matters

Billing errors delay payment and strain client relationships. Modern billing tools check entries against client guidelines before invoices go out and accept online payments.

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Related Terms

Time tracking
Recording the time lawyers and staff spend on each matter, usually in six-minute increments, for billing and analysis.
E-billing
Electronic submission and review of law firm invoices by legal departments, usually with billing guidelines applied automatically.
Trust accounting (IOLTA)
Holding and tracking client money separately from the firm's own funds, as bar rules require. IOLTA accounts are pooled interest-bearing trust accounts used for this in the US.
LEDES
The Legal Electronic Data Exchange Standard, a set of file formats for sending law firm invoices and related data electronically.

General information, not legal advice. Part of the Legal Tech Glossary, 173 terms in plain English.