We are starting a new firm and evaluating billing, practice management, and accounting software. We will have 4 attorneys and 1 paralegal for billing timekeepers. We are leaning towards Office 365 for our core office suite and QuickBooks for accounting, but also need billing/timekeeping as well. We recently have been considering the cloud-based practice management products since they seem to incorporate billing/timekeeping as well as document management. We are looking at Clio, Rocket Matter and MyCase.
One question that has arisen is whether any of these products allow origination and other credits to be entered during the opening of a matter? Assume that the person working the file gets 80% of collected fees, the originator gets 15% and that the firm gets 5% for admin, etc. The bill that goes out to the client would not show this information -- it would only show the time billed by the person who performed the work. When the fees are received, the credits would be applied at the firm level and the fees distributed accordingly.
Our prior large firm used Tabs3 and we could designate originating atty, matter responsible atty, working atty, etc. Is this something that can be set up in the newer cloud-based products?
If the cloud-based products cannot do this, what would be the best way to implement this approach given the current software and technology now available (tabs3 seems to have been around for a long time)?
Thanks in advance.
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