15 Jun
10 Of The Best Legal Accounting Software Tools In 2020 | NIVAN

When it comes to the best legal accounting software, it’s good to know that you have options. Your law firm needs legal accounting software that keeps documents secure, while allowing you to handle billing tasks seamlessly. Here are ten of the best legal accounting software tools, updated for 2020.

1. Bill4Time

Looking for straight billing, time tracking, and payroll processing legal software that can also handle IOLTA accounting? Bill4Time might be good for you. Easily integrated with QuickBooks, Bill4Time also offers basic document management and team calendars.

  • Price: The simplest plans start at $27 a month per user, running up to $80 a month for more features, such as more customized invoices and reports.
  • Ease of use: Testimonials on the site highlight how easy this software is to use. Bill4Time also offers a variety of customer support options, including a training channel, webinars, and articles to help you get started.
  • Security: Bill4Time offers industry standard 256K-bit SSL encryption and is hosted at a secure data center in the U.S.
  • Best for: Best for everyone, really. Each price point is available regardless of the size of your firm and can be customized to fit your needs.

2. Clio

Clio is pretty much the gold standard for legal accounting software. They offer management tools, plus tools to generate new business—all in one package if you like.

  • Price: Clio offers a robust free trial that comes with plenty of training and support. Clio Manage starts at $39 (per month, per user) and Clio Grow is a straightforward $49 (per month, per user). Combining the two is just $89 per month, per user.
  • Ease of use: Clio customer service is some of the best there is. Most users say that the system is intuitive and easy to use, but it’s nice to know there’s help if you need it.
  • Security: Clio features the standard 256-bit SSL encryption and data centers that meet SSAE 16 specifications. Data is also backed up daily, and third-party audits of security are also regularly scheduled.
  • Best for: Designed specifically for small firms and solo practitioners.

3. Brief Legal Accounting

Simple and specialized, Brief Legal accounting only works with law firms to help manage all accounting matters. With no other features to worry about (e.g., calendaring or document managing), this software is one of the best legal accounting software tools if you already have a CRM system in place.

  • Price: Prices start at under $50 for one user, with each additional user added for just under $25.
  • Ease of use: Reviewers praise the simplicity of this single-function software. In a world where too many features can be a detriment, Brief Legal is streamlined and easy to use.
  • Security: As with other legal accounting software, security is assured with 256-bit SSL encryption.
  • Best for: Small law firms who really only need one or two people in accounting—and who run their office on Apple products.

4. QuickBooks

Could we really talk about legal accounting software and not talk about QuickBooks? QuickBooks is an accounting staple across industries, with good reason. It’s a simple, affordable tool for all of your accounting needs.

  • Price: One of the most affordable. Freelancers can get started at just $7 a month for basic tools, with more robust offerings beginning at $20 per person, per month. The most expensive plan is $75 a month but allows 25 users.
  • Ease of use: Legendarily easy to use and intuitive, with strong customer service.
  • Security: You don’t get this big with shoddy security. QuickBooks offers authentication tools; secure, read-only connections; and data encryption for all of its information.
  • Best for: This tool is one of the best for pretty much every industry. You may find there are features you don’t need (e.g., inventory tracking) and some missing (no document management), but for straight money matters, it’s one of the best legal accounting software tools available.

5. CosmoLex

CosmoLex is a legal accounting software that works well without integrating into any other programs. This program helps law firms coordinate and keep track of everyone’s accounting, hours, and cases over secure, safe connections.

  • Price: After a free trial, small firms (ten or fewer lawyers) can use CosmoLex for $79 each, per month. CosmoLex does work with larger firms, though. Call them to inquire about pricing options that fit you.
  • Ease of use: Happy customers of CosmoLex note how easy the entire system is to use, pointing out a seamless combination of client billing and back-office accounting tools.
  • Security: Standard security, plus regular independent security reports.
  • Best for: Firms that are test-driving different legal billing software and don’t want to commit. CosmoLex pricing is month-to-month and does not require a contract.

6. Bench Accounting

Yes, billing and bookkeeping are not the most exciting part of your day. If you feel like handing it over entirely, Bench Accounting legal software has you covered. Lawyers upload documents, and the Bench team takes it from there.

  • Price: After your free trial, pricing plans are based on how much you bill every month (per user) and range from $139 to $299.
  • Ease of use: If your team can upload a document, you’re all set! Integrates with other major legal accounting software tools, too.
  • Security: Layered with all of the other accounting software it integrates with.
  • Best for: Firms that just cannot think about adding bookkeeping to their day. Also, the more you bill, the better the value.

7. ZipBooks

From one of the most expensive legal accounting software tools to the cheapest. ZipBooks integrates with your bank and offers free invoicing, billing, and other accounting tasks. Plus, it has an integrated invitation for clients to leave reviews.

  • Price: Free
  • Ease of use: This is the simplest you can get and also offers automation of certain tasks.
  • Security: Secure data encryption and safe transfers, plus security audits and regular backups.
  • Best for: Small law firms that are looking to save money on their basic accounting needs.

8. LeanLaw

LeanLaw was built specifically with QuickBooks integration in mind, so if your firm is already a fan, consider this legal accounting software, too.

  • Price: There are two plans, one at $30 per user, per month, and the other at $45. Both come with a free trial.
  • Ease of use: Easy to use, especially if you are already familiar with QuickBooks.
  • Security: Standard and secure encryption and data transfers.
  • Best for: Mid-sized firms, especially if they select the L Pro plan. The L Pro plan offers reporting and can help you grow your firm.

9. PCLaw

PCLaw’s slogan – “Time Matters” – is a clear mission statement for this legal accounting software. It can help you manage your cases while it also streamlines all of your billing and accounting needs.

  • Price: Contact PCLaw for a quote.
  • Ease of use: The PCLaw dashboard helps you easily manage tasks in one simple place. There is also robust customer support from this company, which only specializes in this software. They know what they are doing and are focused on you.
  • Security: Standard 256-bit SSL encryption and regularly scheduled, secure data backups.
  • Best for: Payroll processing and credit card processing add-ons mean that small firms looking to grow might consider PCLaw a good option.

10. AbacusNext

AbacusNext is legal accounting software that can also be used for time tracking and document workflow.

  • Price: Contact AbacusNext for pricing and service options.
  • Ease of use: Law firms that use this will need to have an IT department. Because this requires some set-up, you will need a person available to get the program online.
  • Security: AbacusNext specializes in serving highly regulated industries (including banking), so you know your data is secure.
  • Best for: Firms who need secure software, and also have resources to set up correctly.

Streamline your law firm

The best legal accounting software tool is the one that has the features you need, now and as you grow. Take your time to figure out how you will use this tool for not only your current practice but also the one you see in the future!

There are plenty of tools and technologies out there. From legal apps to document software to putting your entire practice online, your options are (almost) limitless.

Your specialty is serving your clients, though. NIVAN can help with everything else. Our legal technology specialists can help you select the tools that are right for your firm to help you get your team up and running. We can also streamline all of your marketing efforts, from social media to content marketing, to help you reach new clients.

Get in touch to learn how NIVAN can help your firm grow.

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