Most law firms offer multiple payment methods (e.g., check, credit card, or wire transfer). Once approved internally, the bill's final version is sent to the client for payment. Attorneys, or additional stakeholders, will review the invoices, add notes and adjust costs as needed before approving the invoice. The attorney's activities are compiled into a draft bill at the end of the billing period. When a new client onboards, attorneys will track and log their billable time throughout the case matter. Usually, law firms will bill clients at the end of each month or even bi-weekly, but this may vary depending on the type of case and the amount of time involved. Logging billable time and expenses, creating a draft bill, and sending the final bill to clients are the three main elements of a profitable billing process for a law firm. Review your billing cycle for opportunities to increase efficiencies, identify roadblocks or obstacles, and strategize how to simplify your billing operations. To control your billing workflow, you need to step back and consider the whole billing cycle from an organizational standpoint.
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