Compliance with outside counsel guidelines is an ongoing struggle at many firms when it comes to preparing invoices. While technology has helped to some degree, many firms are still seeing far too many invoices rejected.
Effective legal billing guidelines can fundamentally transform your law firm relationships. They have the power to push clarity and compliance up while pulling effort and expense down.
In law practice, trust account management is a sensitive ordeal because any mishandling of client funds can become a question of ethical conduct. Managing trust funds involve certain accounting principles and practices to handle them carefully.
