Your IP law firm is poised to grow or striving to get ahead. The technology you choose can give you a leg up, but not every tool is well-suited for an IP practice’s needs. Learn how the right legal practice management platform could propel you forward.
👉 Want to learn more about Tabs3 Cloud? Schedule a demo today!
What is practice management software?
General business management software works for some businesses. But law firms have unique needs, and meeting those needs requires a specialized legal practice management platform. These products typically include:
- Workflow and task management
- Docketing/calendaring
- Conflict checking and contact management
- Client relationship management (CRM)
- Reports, analytics, and dashboards
- Time entry and cost tracking
- Billing and payment processing
- Trust accounting, bookkeeping, and accounts payable
IP law firms need more from practice management platforms
Most law firms need the features listed above. But IP firms need augmented capacity in a few areas:
- Advanced docket management to handle high-volume deadline tracking
- Robust matter management to ensure coverage and map intricate data relationships
- Workflow and document support to speed up extensive documentation requirements
- Financial tools for alternative fee arrangements and complex payment attribution
Tabs3 Cloud has the tools your IP law firm needs to scale. You get powerful financial tools and can add on PracticeMaster to help you work faster and more accurately.
Ready to transform your law firm’s billing process? Schedule a personalized demo and discover how Tabs3 Cloud can transform your firm in one complete practice management solution.
Never miss a deadline
Your firm’s growth is hampered when due dates are stuck in multiple tools. Teams may have little visibility into the firm’s work as a whole, and it can be difficult to match due dates with client files. The sheer volume of deadlines and filings in IP practices creates extra urgency around this issue; even a single missed step could result in permanent loss of a client’s rights.
The right legal practice management platform can make a big difference. PracticeMaster in Tabs3 Cloud helps supervisors track deadlines across the entire firm. Depending on the access rules you choose, users can see deadlines for a single matter, all of a timekeeper’s matters, or all of a group’s matters. Each deadline is associated with the relevant matter, so nothing gets lost.
The docketing feature also integrates with Microsoft Outlook, including real-time synchronization when you make changes in either place.
Keep everyone up to date
Disconnected data storage causes problems beyond lost due dates. When contacts are siloed, it is challenging to conduct accurate conflict checks and ensure client notifications are handled correctly. Paper-based client files make it difficult to keep everyone up to date on each matter, so time is wasted tracking down information.
Tabs3 Cloud with PracticeMaster allows your firm to centralize all matter management activities. Documents, emails, contacts, and all other matter information is available in digital format, so any updates are immediately available to all authorized users. You can access case files securely from desktop, laptop, tablet, or smartphone.
In addition, leadership teams can use the reporting function to track trends and patterns, which can reveal opportunities for workflow efficiencies and profitability levers. A legal CRM and secure document sharing/eSignature are also available.
Standardize and speed up work
To meet your deadlines, you have to draft client correspondence, filings, and other documents. Each attorney may use a slightly different model for each document type, and you may be re-keying data in every draft. Especially when you are assembling complex or lengthy documents, the opportunities for mistakes compound.
PracticeMaster in Tabs3 Cloud helps you create shared templates for frequently-used documents to ensure that firm policies are uniformly applied. Templates also reduce drafting time and errors, because matter information can be automatically pulled into the document. You can even set up automation to generate a whole set of documents in fewer steps.
Keep the revenue cycle moving forward
More and more law firms are using alternative fee arrangements, but manually managing billing for complex fee agreements can take time. If you have large clients with multiple matters, payment attribution can quickly become a major chore. And regardless of fee arrangements or client size, time entry is a perennial issue.
Tabs3 Cloud comes with robust, flexible financial tools. Efficient time entry from any device enables on-time billing. The platform can handle virtually any fee arrangement, and you only need to set up each client’s fee rules once. Splitting payments between multiple matters is simple. You can do trust accounting, general ledger, and accounts payable from Tabs3 Cloud. Finally, you get access to an extensive suite of financial reports and analytics.
Scale your IP firm with Tabs3 Cloud
Tabs3 Cloud has the core functions and extra features, like PracticeMaster, that IP firms need to grow. It can make your daily work simpler and more efficient while revealing insights that can guide your trajectory. Demo Tabs3 Cloud today.
Ready to transform your law firm’s billing process? Schedule a personalized demo and discover how Tabs3 Cloud can transform your firm in one complete practice management solution.
