Family Reports
Billing Reports
LiraDocs includes several billing reports that are essential for Family Law firms. These reports can be accessed through the Reports page in the LiraDocs Web App.
Here are the key reports available for Family Law firms:
1. Time and Expense Entries Report
This report serves as both a Fee Affidavit and a way to track billable vs. non-billable time. It can be run by matter or across all matters, helping firms monitor time entries for accurate billing.
2. Income Allocation Report
Use this report to track your firm’s collections, giving you a clear picture of how much income has been received, allocated, or is pending.
3. Trust Balances Report
Part of the three-way trust reconciliation in LiraDocs, this report shows where your clients stand with their trust money, ensuring compliance and transparency in managing client funds.
4. Work In Progress (WIP) Report
This report helps ensure that your firm is not leaving any unbilled time, fees, or expenses behind. It’s an essential tool for ensuring that all billable activities are captured and invoiced.
5. Performance Report & Matter Profitability (Available to Firm Owners)
LiraDocs allows firm owners to evaluate the profitability of each matter.
- Matter Insights: You can run a Profitability Report to break down activities completed by each staff member, helping identify areas of high or low profitability.
- Firm Insights: Gain a comprehensive overview of profitability across all matters, whether it’s a simple flat fee case or a complex, long-term matter. This helps you evaluate time spent on billable activities and adjust your pricing or processes to remain competitive and profitable.
6. Matter Insights
This feature helps you understand the time spent on matters and the associated fees. You can use it to analyze the profitability of individual matters and adjust your approach accordingly.
Additional Notes
- If you are not yet using LiraDocs for billing purposes, some of the profitability insights might be missing from your reports.
- Firm Insights provides a detailed look at profitability across all matters, helping you ensure competitive rates while maintaining profitability.
If you need help setting up or understanding any of these reports, reach out to your LiraDocs Account Manager for personalized guidance.