Don’t pay for a third-party billing platform ever again. Credit card processing is completely embedded within Lexicon and has some of the industry’s lowest credit card processing rates.
You don’t have to worry about leaving Lexicon to accept payments, process refunds or even run a report. Everything you need to manage billing a client can be found in one place.
Lexicon’s robust reporting capabilities will help you better understand the time you’re working vs. how much of that you’re actually collecting.
Ease of time tracking allows you to fully and efficiently capture all billable and non-billable time. Set up customized billing codes, disbursement types, rate tables and hourly, fixed or contingent fees, as well as custom pre-bill approval workflows to ensure billable time gets captured easily and approved on time. Then securely invoice clients and get paid faster with electronic billing and payments, complete with e-signatures. You will have the confidence of knowing your billable time is maximized.
You never have to pay for a third-party payment processor again. Bill more hours, increase efficiencies and focus on doing what you do best, practicing law.
Billable hours are down on average, -132 hours/lawyer/year or -8.2%/lawyer/month since 2007, while worked hours remain consistent.
90% of firms say they spend too much time on the billing and invoicing process.
76% of clients prefer to pay electronically.
Waiting 1 week to enter time results in 50-75% loss in revenue.
Waiting 24 hours to enter time results in a 25% loss in revenue.
Only 81% of billable hours are actually invoiced.
Waiting until the end of day to enter time results in a 10% decrease in revenue.
Lexicon’s Billing & Reporting enables you to build trust with your clients through ease of use, efficiency, and customization options that make sense for your law firm. Ensure hours spent with clients are always tracked and billed properly and accurately. Elevate each client’s experience by setting custom notifications and permissions enabling streamlined communications and offering direct credit card processing that allows you to be paid quicker. With us, you can take collaboration to the next level by setting up custom workflows and viewing real-time reports.
Lexicon’s fully-integrated software allows you to set up charge codes, disbursement types, rate tables, and workflows to ensure billable time gets captured easily and approved on time.
Intuitively schedule and track all events, and easily bill the time associated with them. Two-way integration and live syncing with your native calendar client allows you to maximize your time and billable hours.
Manage clients and cases with a client-centric system. Easily migrate existing contacts and clients and build custom workflows, intake forms, and set custom fields based on practice area and firm needs.
Lexicon’s customizable and actionable DMS dashboard is fully integrated and lets you efficiently manage documents via a robust, secure repository, fueled by intelligence and simplified for ease of use.
Manage cases in ONE place with Lexicon’s customizable and actionable matter dashboard. Robust standard and custom matter reports can give you confidence that you are optimizing the time spent on each case.
Cloud-based software ensures your website security is kept up to date and performance bugs are handled immediately. Integrated software features allow insight into audit history and document migration, as well as the ability to set user permissions and redact documents.
Every Lexicon subscriber has a dedicated Customer Success Manager ensuring you have the resources to not only utilize Lexicon Software to its fullest, but also to stay atop industry trends, best practices, and more.
Fully and efficiently capture all billable and non-billable time, including write-offs and write-downs. You can set up charge codes and workflows to ensure billable time gets easily captured and automatically approved.
Keep track of every expense and every payment while efficiently, accurately, and securely managing trust and operating accounts for every client and every matter.