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Most small and mid-sized businesses can’t justify hiring full-time help or even outsource accounts receivable for that matter, which is why learning how to automate accounts receivable process is the best possible approach.
What is AR automation software, and what can this emerging technology do for your company? Simply put, it streamlines invoicing, payment tracking, and financial reporting, reducing manual effort and minimizing errors.
Something as simple as using the right lawyer invoice template can be the difference between constantly chasing down payments and quickly capturing funds while maintaining strong client relations. That’s why we’re going to share a sample lawyer invoice format you can use below.
Determining the ideal law firm billing frequency is a common source of uncertainty for legal professionals. How often should lawyers send invoices - should it be monthly, following significant milestones, or immediately after services are provided?
There are many more alternative fee arrangements law firms can consider, from performance-based incentives to capped fees, hybrid billing, value billing, and more. We’ll unpack the nuances of each approach below to leave you with a clear understanding of which is right for your firm.
Lawyer billable hours directly correlate to the revenue and productivity of your law firm. What are billable hours for lawyers, though? And what can you do to track and maximize them? You’ve come to the right place.
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