Law firms often handle multiple practice areas, each with its own set of billing rates and agreements with clients. This complexity can make managing various rate groups a daunting task, especially when these rates need to be applied consistently across numerous matters. Fortunately, LeanLaw has developed a solution to this common pain point.
LeanLaw’s new rate group functionality is a game-changer for law firms juggling different billing structures. This feature allows firms to streamline the management of various rate groups, ensuring consistency and visibility.
Operators can now create and configure rate groups easily and assign the appropriate rate for each timekeeper. Once a rate group is created, it can be applied to matters in a few simple steps. What’s more, LeanLaw’s rate group functionality allows for bulk rate changes across matters. Instead of updating rates matter by matter, administrators can go back to the rate group settings and adjust rates as needed. These changes can be applied to new time entries moving forward, or they can update existing entries, giving firms the flexibility to handle billing adjustments efficiently.
For instance, if a rate for a specific timekeeper needs to be updated—let’s say from $250 to $275—the change is made once in the rate group. This update instantly reflects across all matters associated with that group, saving time and reducing errors.
LeanLaw’s new rate groups feature offers a powerful solution for law firms seeking to streamline their billing processes. It provides a centralized system to manage diverse billing rates, cutting down the administrative burden and allowing law firms to focus on delivering excellent legal services. This tool is especially beneficial for firms with multiple practice areas or those who work with a variety of clients with different billing agreements.
With LeanLaw, law firms can say goodbye to the cumbersome task of individually updating rates for each matter. Instead, they can look forward to a more efficient, consistent, and transparent billing management system. Learn more about how LeanLaw can simplify your matter management with a customized demo for your firm.
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