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PCLaw is a new, blockchain powered law firm that promises to deliver legal services at lower rates than traditional firms. While this might seem like an impossible task for startup companies in the market today, PCLaw seems uniquely positioned to succeed on their own terms by changing the way lawyers conduct business and sell their service..
The “pclaw lexisnexis” is a law review that offers students and professionals the chance to learn about legal issues. The reviews are free, but they do offer paid subscriptions.
PCLaw is a desktop-based law practice management software with integrated accounting and invoicing from LexisNexis. It assists attorneys in a variety of ways, including managing legal problems, tracking time spent on clients and cases, reconciling trust funds, and more. Time and expenditure monitoring, customer and contact management, and mobile timekeeping through the PCLaw Go app are just a few of its important features.
Go to PCLaw.com to learn more.
PCLaw is recommended for the following reasons:
PCLaw is ideal for attorneys and law firms looking for a single platform to manage their clients, cases, bank reconciliations, billing procedures, and financial reporting. The application is desktop-based, but private hosting allows it to operate in the cloud. It’s especially helpful if you’re already utilizing LexisNexis products like Amicus Attorney and Time Matters. PCLaw is the greatest law practice accounting software in our opinion.
PCLaw is Particularly Beneficial For
- PCLaw provides a billable time surveillance technology called Time Entry Advisor that automatically collects billable time for lawyers that charge clients on an hourly basis. If you charge your customers by the hour, this is really handy.
- PCLaw is great for legal practitioners who utilize Time Matters to keep track of the intricacies of each issue or case. Time Matters from LexisNexis already provides basic billing and document management features, but by connecting it with PCLaw, you can extend these capabilities even further.
- Law firms seeking for LEDES billing: Having a package like PCLaw that handles LEDES files is invaluable if you’re working for several clients. The LEDES format is a common legal billing style that makes invoicing simple, regardless of how many customers you have.
PCLaw Isn’t Right For You
- PCLaw can be operated in the cloud, but it requires a private server from a third-party hosting provider, which requires extra payments and upkeep. CosmoLex is a cloud-based application that you should consider if you want an entirely cloud-based program.
- PCLaw does not have a built-in payroll service, which may be a major issue if you have a large number of workers or do not have a separate human resources (HR) department. It integrates with ADP, however it comes at a high price. With its payroll interface with Xero, you could find TimeSolv to be a superior option.
- PCLaw is a sophisticated but pricey tool for small legal companies on a budget. Zola Suite may be a better fit for legal firms looking for full-featured software at a cheap price. The standard subscription for Zola Suite costs $69 per month per user and offers the majority of the functionality seen in competitor programs’ most costly packages.
Are you on the lookout for something unique? Check out our guide to the finest small business accounting software if you believe general bookkeeping software is ideal for your legal company.
Pros and Cons of PCLaw
Go to PCLaw.com to learn more.
Pricing at PCLaw
PCLaw’s price information is not available on LexisNexis’ website. To get price information or a customized quotation, contact LexisNexis directly. Before purchasing, you can also request a free demo.
Features of PCLaw
PCLaw is a feature-rich platform that includes time and cost monitoring, subject management, client and contact management, invoicing, and more. Take a look at the following PCLaw features and capabilities.
Dashboard
You may access commonly used functions and observe key parts of your company and customer affairs from the dashboard. My Practice, My Clients, and My Business are the three tabs that you’ll find on the main dashboard.
- My Practice: Provides rapid access to important tools for managing projects, calendars, clients, and voicemail.
- My Clients: Display a summary of recent client and matter information and actions, such as account information, email, and calendar events.
- My Business: Provides fast access to data and tools for tracking key performance indicators (KPIs) such as work in progress, bank balances, and billable hours.
The PCLaw Dashboard (Image courtesy of PCLaw | Time Is Money)
Accounting for Lawyers
PCLaw has Accounting for Lawyers features that comply with trust accounting standards. You can perform a wide range of legal-specific accounting tasks, like writing checks and receiving client payments and using automated reconciliation tools to compare trust bank journal balances to your client trust listing. You can also export your accounting data to QuickBooks and generate different types of reports on trust accounts.
Billing
Flat-fee, hourly, retainer, task-based, and contingency charging are among the billing methods supported by the application. You have the option of using common formats or creating your own customized invoices depending on your brand or demands. The invoicing procedure is made easier by PCLaw’s use of standard LEDES codes. PCLaw works with PayPros for quick credit card processing if you’re having trouble collecting payments.
Management of Subjects
You can handle all case-related concerns in one location with PCLaw. It features a centralized platform where you can keep track of to-do lists and deadlines linked with issues, arrange events, papers, and conversations, and save contacts and key information regarding cases and your company.
Tracking of Time and Expenses
Using typical timesheets or timer plugins, PCLaw allows you to keep track of billable time and expenditures. You may evaluate invoiced and unbilled hours and then produce additional time entries with the new Time Entry Advisor. This functionality is handy for teams that submit work information throughout the course of a billing month and then want to deliver it all at once.
Client Accounts Receivable
The Client Accounts Receivable lets you instantly view all financial data for a client, such as trust activities, disbursements, and billed and unbilled fees. It lists matters in chronological order, along with the summary total and activities related to each matter.
Timekeeping from afar
PCLaw Go is a mobile time tracking tool that enables you to input and collect time remotely, execute regular chores, and examine accounting data all from your mobile device. The app is available on Google Play and the App Store. Before you can utilize PCLaw Go if you’re using the on-premise version, you’ll need to install the PCLaw Connect Manager Windows software (previously PCLaw Go Manager). On the PCLaw | Time Matters website, you may find an installation and setup tutorial for the PCLaw connection manager.
Manager of Documents
The Manager of Documents is an optional module that helps you store and manage your documents, emails, saved research related to matters, and precedent templates. If you’re a busy lawyer working with countless legal documents every day, then you should enable the Manager of Documents in PCLaw.
Reporting
PCLaw comes with 50 basic reports to assist you assess your firm’s financial health. Income statements, cash flow statements, accounts receivable (A/R) reports, accounts payable (A/P) reports, and productivity reports are all examples of general company reports. Time listing, invoice journals, billable time summaries by a working lawyer, billing realization, and other legal-specific information are available. You may personalize your reports to meet the needs of your company.
Customer Service and Usability
PCLaw features a simple user interface, but it contains legal-specific accounting concepts that might be confusing for novice users or attorneys who aren’t familiar with accounting. This is why you’ll need a lot of time to become used to the application. PCLaw may be a strong tool for your legal business if you get the hang of it. You may reach out to LexisNexis customer service via phone or email, or you can enroll in local training with licensed independent consultants. You may also use some online resources to have a better understanding of the program.
Alternatives to PCLaw
Conclusion
For good reason, PCLaw is our top law practice accounting software. It is the most complete of all the legal-specific accounting software we looked at. If your company presently uses separate software to handle legal affairs, accounting, and billing, PCLaw allows you to consolidate all of these activities into one spot.
Related Tag
- pclaw | time matters
