Software Helps Lawyers Keep Focus on Bottom Line
Law firms are increasingly using automated software to track client collections and lawyer time in flat-fee cases.
Lawyers at Buchanan, Ingersoll & Rooney are among those using the software—on a daily basis, the Philadelphia Inquirer reports. The first thing they see every morning when logging onto their computers is a graphic of the firm’s collections tally.
The software “spots troubling collection trends and spits out data that can help attorneys decide whether to give a client more time to pay,” the story says. “Or whether the relationship is a lost cause and it is time to end the representation.”
James O’Toole, a member of the firm’s management team, tells the Inquirer the software helps Buchanan Ingersoll lawyers get a sense of how the business is operating each day. “You are expected to bring in X number of dollars, and you are seeing every day how you are achieving that goal or not achieving that goal,” he said.
