Case Study: Law Firm slashed 50% of overhead by outsourcing outdated legacy accounting

CASE STUDY FOR LEGAL BILLING SOFTWARE:
Law Firm slashed 50% of overhead by outsourcing outdated legacy accounting

The Challenge

When Jay Friedman first joined his law firm nine years ago, it was apparent that technology was not their strong suit people still sent handwritten time memos. Everything was completely manual and in QuickBooks Desktop. They were wasting a lot of time.

The big driver to LeanLaw was that the accountant was retiring. This was a chance to connect time entry to the billing software. Hiring a “local-yokel accounting firm was not part of the plan. There was already too much administrative hassle. They needed to outsource the accounting.

The Solution

  • Easy to access productivity data
  • Streamlined workflow helps to retain top talent
  • Seamless workflow means happy attorneys

The firm decided to move to QuickBooks Online, customize with LeanLaw and hire a LeanLaw Accounting Pro, Lynda Artesani. Lynda is an expert in LeanLaw, QBO, and law firm accounting. Jay admits that they couldn’t afford an in-house accountant as knowledgeable as Lynda and her team.

The functionality of LeanLaw and QBO made all the inefficiencies disappear. The work product is seamless, the matter opening is seamless, the invoicing is seamless, and getting paid is seamless. LeanLaw made it massively easier.

“I have not heard one of my partners complain at all about, ‘I can’t get my stuff done with LeanLaw.’ When you make all of that work without consternation, everybody’s happier.”

JAY FRIEDMAN,
FINSTON FRIEDMAN FISHER LAW GROUP

Benefits of LeanLaw

  • LeanLaw timekeeper productivity report shows data in real-time
  • Adjustments / Write Down Feature tracks the difference between hours tracked and hours billed
  • LeanLaw provides a clear productivity metric and therefore, a path to fix productivity issues

Read More

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Case Study: This firm saved 15 hours per month on Compensation Tracking
Case Study: Burkhalter accelerated cash flow by 300% with LeanLaw

Categories to think about:

Timekeeping

Accounts Payable

Client / Matter

General Ledger

Reporting

Band Reconciliation

Billing

Conflict Checks

Receivables

IT

Trust and Retainer

Law Firm Accounting Professionals Weigh In

Caren Schwartz
35-45 Consulting-Global

Changing software is not something your law firm does lightly, nor do you want to do it often. It’s important to do your homework and understand your firm’s needs, analyze your choices, and put together a plan, including project management. That’s the best way to get to a new solution that helps your firm move forward.

Lynda Artesani & Sarah Prevost
The Proper Trust

In our experience after numerous law firm software migrations, the key to success in purchasing new financial software is to understand what critical features are MOST important to your business. Understand how it fits with your current (and future) staff and how your current best practices will work within these new tools. Picking a tool and a partner to help you migrate is essential to the success of this journey.