Not all legal accounting systems are the same!
19th May 2009
A popular, often-quoted, phrase bandied around between legal firms and software suppliers is ‘accounts is accounts is accounts’. This is an easy and understandable assumption.
Accounting in the legal sector is tightly controlled and operates under the guidance of Law Society Solicitors Accounts and Franchise Rules. Rules are also in place for the handling of Deposit Interest and firms are subject to regular audits.
Systems supplied therefore have to comply with all of these rules and are therefore all the same – right?
Wrong!
Here at Linetime we believe that legal accounting software should offer much more than basic bookkeeping and low level compliance. It’s not what you do but the way that you do it - this is key in ensuring a system not only delivers functionality but does so in a way that improves efficiency.
Intelligent use of client and matter data held within a legal accounting system can undoubtedly be used to improve practice efficiency and compliance, in a number of ways.
So, before you settle for ‘just an accounting system’ we suggest you look at Liberate, a legal accounting system which meets all the basic rules and offers a whole lot more - as standard.
Selected by the UK Law Society (Software Solutions Guide 2009) as the product with the ‘best range of features’ the Liberate legal accounting system includes:
• Money laundering and client identify verification
• Multi-level conflict checking
• Automated Bank Reconciliation (all major banks)
• Integral Credit Control system
• Pro-active risk management facilities
• Budget Analysis & Variance Analysis
• Cash Flow Reporting
• Report Library - over 250 standard reports
• User-Friendly Report Generator
• Scheduled Client Billing and Reporting
• Nominal, Purchase and Counsel Fees Ledgers
• Fee-Earner Desktop (Time recording, draft billing, cheque requisitions)
• CDS/CLS forms production
• And much more……..
To find out what Liberate can do for your practice please contact Keith Hutton on 0113 2500020 or email keithh@linetime.co.uk.
Liberate from Linetime is a complete suite of products consisting of:
Practice Management
Case Management
Debt Recovery Software
Contact Marketing
Business Intelligence
B2C - Secure Web Access
ImageRouter
Liberate Express - Matter Management