Sometimes, the term “practice management software” is simply too broad to describe the increasingly sophisticated software being used by the nation’s biggest law firms.
In most general terms, it applies to anything that helps facilitate the practice of law. More specifically, it is being used by many firms and legal departments so that they price, budget and control costs more effectively. In addition, it helps to answer the question how much legal expenses have cost a client and it monitors if “people are doing the right thing, not just billable hours,” Keith Lipman, Prosperoware’s CEO, told Legaltech News. It is also an “early warning system” – especially when some attorneys can charge $600 or $700 an hour, he explained.
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