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February 23, 2012

Time59 – Billing Software For Lawyers

Most solo lawyers who run their own practices don’t have enough hours in the day to spend meticulously tracking the time they spend on each project and following up on past due invoices with all their clients. Now they don’t have to. Time59 is a web-application that was designed to streamline the billing process for solo lawyers with one-person firms.

Time59 was developed around the concept that lawyers shouldn’t have to spend all day tracking time and billable expenses. If you’re a solo attorney who’s excited about the prospect of reducing your admin workload, then sign up for a free 30-day trial with Time59 and check the application out. The first thing you’ll want to do after starting your trial is to start tracking the time you or your paralegal spends working on each client’s case. If you’ve kept track of the time and billable expenses for each client using the app, then invoicing should be a breeze. The time and expenses you’ve already entered into the system will be automatically pulled into the invoices you’re creating, and Time59 handles the math – including all taxes, discounts, and late fee charges – so you don’t have to worry about coming up with the wrong total amounts. Time59 integrates LEDES (Legal Electronic Data Exchange Standard) coding requirements into its invoices, so you don’t have to worry about whether your bills will be accepted by larger firms, either.

After you’ve been using Time59 for a while, you’ll be able to see your firm’s overall financial picture each time you look at your account. Time59 makes it easy to generate financial reports using specific date ranges or client types, which can be useful when attracting business partners or investors.

Practical Uses:

  • Bill clients based on the hours you spent working on their cases
  • Send reminders to clients who are past due on their bills
  • Track the time your paralegal is spending on certain clients’ cases
  • Send invoices that are compliant with LEDES requirements

Insider Tips:

  • Time59 runs on most mobile devices
  • Invoices are compliant with standard legal billing codes
  • Users get free email and telephone support
  • Time59 checks all files for errors before they’re sent to clients

What we liked:

  • Time59 is perfectly suited for solo attorneys
  • People who use Time59 can feel assured that the bills they’re sending are accurate
  • Users can view overdue balances by client or by the checking out the overall practice
  • Trust accounting can be kept organized with just a few data entry tasks

What we didn’t like:

  • Although Time59 works well for solo attorneys, it is not suited for use at larger firms

Alternatives:

Company Info:

  • Launched: 2005
  • Privately Held
  • Headquarters: Chicago, Illinois
  • Founded by: Chris Monaghan
  • Web site: http://www.time59.com

Costs:

  • Free 30-day trial
  • $99.95/year


Comments

  1. Thanks for the review Stephanie. As the owner/creator of Time59 I’d like to point out that Time59 also works well for small firms. It’s a great choice (*and value) if you need to bill for multiple timekeepers.

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