Top 10 Legal Software: Ratings and Reviews

Legal accounting software is an essential part of an attorney’s practice management system and frequently revolves around projects and time logs. Because law firms often bill as a function of time, work time and schedules should be highly organized to produce detailed reports for the inquisitive client.

The accounting programs for the legal industry are designed to track and manage retainers, trusts and expenses while delivering an efficient report. In addition, these reports generates invoices for legal fees and reimbursements and also organizes financials. Accessing accounting solutions in legal areas would turn out as a great help for the employees who struggles with the figures and finances. There is a wide range of products available over the internet, hence you need to choose the right product. To help you in selecting appropriate solution for legal accounting, we have this prominent list of best brands in the market.

Here at Virtuous Reviews we offer a platform, where a legal person can choose the best accounting software for their firm. Our results in the form of independent, unbiased reviews and ratings are based on various aspects related to the proposal such as customer satisfaction and standing in the digital market. At Virtuous Reviews, a user can also compare the competitive products, to get the most of this software. Besides that, the user can also share his or her opinions about a specific product, which helps us to generate consumer-driven reviews.

How to choose the best legal accounting software?

Law firms should keep the following considerations in mind as they evaluate legal accounting software:

• Integration - In a recent report, “integration with other systems” was cited as a major challenge by nearly 30 percent of legal software users surveyed. To avoid a similar issue, firms can purchase legal accounting software in-suite, as part of a larger practice management solution. Alternatively, when purchasing a standalone accounting system, firms are encouraged to demo products prior to purchase to determine if they are compatible with existing business software.
• Mobility - Even in the legal industry, telecommuting and working remotely is gaining in popularity. Mobile applications allow attorneys to track their time and view client information from any location, on any device with a mobile connection. As billable time ties directly to the accounting system, check with vendors to see how popular their mobile apps are and compare uptime, speed etc.
• Security - Since lawyers deal with sensitive and often confidential information, ensure your accounting software has advanced security controls to restrict sensitive information to only the people who need it.

Features:-

• Trust Accounting - Save time reconciling Trust Accounts with software that easily integrates.
• Invoicing - Create customized recurring invoices - and know when they're opened.
• Security and Compliance - provide complete, time- and user-stamped financial tracking of all changes to a policy, including endorsements, premiums, payments, and payment schedules.
• Cashflow - Get a real-time view of your business financials with our convenient dashboard.
• Financial reporting - Generate reports on trust ledgers, client payment history, attorney productivity and more. Filter data by practice area, case file, attorney, etc. and gain insight into business trends.
• Contact & client management - Since client relationships are so important, it contains contact management capabilities, recording information for clients and related parties. Also referred to as “legal CRM.”
• Bank reconciliation - Connect Xero to your bank account and get your bank statements imported and categorized automatically.

Benefits:-

• Ease of use - The system has easy-to-use intuitive ‘wizards’ to help staff become quickly comfortable with posting routines, reducing the amount of training necessary.
• Save time - Cheque requisitions can be raised by fee earners and sent electronically to the cashiers. This can significantly speed up the process, especially where branch offices are concerned, and reduce errors.
• Total security & confidentiality - Full audit trail and transaction reports are available. Access is password-protected and feature access can be defined at individual user or at a group level.