13 Best Law Firm Accounting and Bookkeeping Software for 2025

They’re already using the mobile app … They are really enjoying being able to enter their time and see how much they’re billing for the month. TimeSolv helped me dramatically with capturing time … Probably I’ve saved at least ten hours a month. Bill hourly, by retainer, or per Bookkeeping for Law Firms project, and send client-friendly reports that back up your value. Meanwhile, firms relying on legacy approaches are working harder to maintain the same results. Your firm is sitting on a goldmine of operational intelligence but it’s locked in siloed systems and inconsistent formats. Custom mobile applications whether client-facing or internal represent a strategic shift from accessibility to genuine mobile-first service delivery.

• The software cannot follow financial rules set by state bar associations.
• If you’re operating lean or with fractional finance support, QBO can be customized for contingency reporting.
• An outsourced professional uses that data to deliver financial foresight, such as cash flow forecasts or budget versus actual reports.
• Stay ahead of regulatory changes affecting UAE law firm accounting and compliance.

The legal software you need to run a more profitable, organized firm

A firm must accurately measure the time spent on bookkeeping tasks by the owner or a non-specialist employee. Multiply this time by the owner’s effective hourly rate, this is the true operational cost of handling bookkeeping internally. Built specifically for personal injury firms, CasePeer helps you track medical records, liens, costs, and settlements throughout a case’s lifecycle. Contingency practices need tools to track case expenses, generate settlement memos, and support complex revenue structures like fee-splits. Accurate contact management means the billing and invoicing systems always have up-to-date information, thereby reducing errors and saving time.

Accurately Bill Clients from Anywhere

Many leading estate tracking and practice management platforms, including Clio Manage and PracticePanther, offer native integration with QuickBooks. This integration is crucial for maintaining IOLTA compliance and streamlining financial management for estate work. Key features of good law firm accounting software include trust account management, time and expense tracking, billing management, and financial reporting. Therefore, it is the ideal investment for law firms to overcome the challenges they face and deal with them efficiently.

Manage Your Matters Better

A proper financial analysis compares the total cost of an internal solution with the fixed fee of an outsourced provider. When the time spent on bookkeeping exceeds 10 hours per week, the opportunity cost alone almost certainly justifies outsourcing. CosmoLex offers an end-to-end solution with predictable pricing—eliminating extra fees for support or upgrades. CosmoLex integrates with popular tools like Google Calendar and Microsoft Outlook, as well as other popular legal business services. View our integrations page for more information on what common tools CosmoLex can integrate with.

• The UK legal landscape demands strategic efficiency to maintain profitability and competitiveness.
• In this guide, we’ll break down the core law firm business models and recommend the best accounting solutions for each one.
• In today’s fast-changing legal industry, success is no longer based solely on legal expertise — it’s built on efficiency, technology, and smart management.
• Streamline your operations with our specialized virtual bookkeeping services, tailored specifically for law firms and legal professionals.
• For example, if you purchase office supplies for your business, you should have an “Office Supplies Expense” account.
• For accounting software, cloud capabilities ensure everyone in your firm can access real-time financial data at any time and from any location.

Essential Features to Look for in Estate Tracking Software

When choosing the right accounting software for your firm, you’ll find several strong options. Depending on the size and needs of your firm, some solutions may be a better fit than others. Within each of those categories, you may have dozens of general ledger accounts.

Financial Reporting

Overwhelmed by the complexities of lawyer bookkeeping and finding it hard to keep up with your finances? Streamline your operations with our specialized virtual bookkeeping services, tailored specifically for law firms and legal professionals. The typical monthly cost for law firm accounting software can range from $39 to $109/month. The higher the monthly fee, generally, the more features the software can support. If your law firm is looking to improve its financial management, MyCase and LawPay offer a holistic billing and case management platform. Using a unified system can provide your law firm with improved efficiency and better data management, all while offering continuous support as your firm scales.