Law Office Finances: Trust Accounting, Time

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Law Office Finances Trust Accounting, Time
Billing and General Ledger Software

• Nancy Griffing
• The Griffing Network

11011 Richmond Ave., Suite 600 Houston, Texas
77042 713.789.3323 www.griffingnetwork.com
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Time/Billing Features to Evaluate

• Ease of use
• Special Billing Needs
• Consolidated
• Split
• Task Based
• Trust/Retainer
• Invoice Presentation
• PRODUCTIVITY

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Accounting

• Beyond Balance Sheet / Income Statement
• Overhead Expenses
• Cost Centers
• Net Income per Person
• Client Costs

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Case Management
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Time and Billing Software
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Legal SoftwareLess is More

• Choose carefully when evaluating your options.
• Consider a system that costs 5000 to implement.
• This system potentially saves the firm 3000 a
  year in addition to increasing revenues by
  10,000 - 20,000 a year.

Source Baird, Thomas. Technology and the Small
Firm. Texas Bar Journal Jul 2005. 593
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Comparative Pricing
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• Comparitive Cost of
• Competitive Programs
• Price Annual Current Total
• Support
  Upgrade
• PCLaw 1,250.00 175.00 725.00
  2,150.00
• Juris 5,950.00 2,280.00
  1,482.00 9,712.00
• TABS with 1,890.00 300.00 500.00
  2,690.00 Practice
• Management
• Timeslips 799.00 359.00
  799.00 1,957.00
• Time Matters 2,000.00 950.00 1,200.00
  4,150.00
• Billing Matters
• Bundle

• Notes
• Full Integrated Time, Billing, Accounting
  Reporting
• Comparable to PCLaw in feature set
• Older design in programming far fewer built in
  reports. We do not do monthly billing on this
  product.
• No accounting in this product must purchase
  separately and link the products.
• Excellent case management, good time and billing