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Legal Insight

Billing, Accounting, and Practice Management Software

Legal Insight is a comprehensive system addressing all aspects of law firm billing, accounting, and related reporting. It is fully integrated and is offered in modules, which include options to address individual law firm needs.

The Legal Insight Client/Server design provides a unique blend of server-based and desktop-based performance optimization. The three-tiered approach has separate layers for presentation, business rules, and data access. The open architecture relational database is fully SQL-compliant, data in Legal Insight is available to other applications via ODBC.

Time Management & Billing

Time entry includes month-at-a-glance, and missing time and aged wip reporting. Billing options include user-defined cycles, on-demand, split financial responsibility, retainer billing, and fixed fee by period contracts. Easily create electronic invoices for delivery to third-party bill auditing services and directly to law firm clients. Formats for major third-party bill auditing services and insurance companies are provided.

Profitability Analysis

Reports analyze cash and accrual profitability by client, area of practice, department, billing attorney, and responsible attorney, and factor carrying costs in work in process and accounts receivable.

Conflict
Checking

Integrated Conflict of Interest provides a high level of accuracy and efficiency for risk management with use of ‘family trees’ and phonetic search, ability to save lists of names searched, and purged cases shown and identified on the report.

Accounts Receivable

Features include aged receivables, reminder statements, optional late charges, invoice reproduction in different formats, and easy cash application.

Cost
Recovery

Includes directly supported interfaces for Equitrac, Infortext, and Danyl; provides ASCII Import for other methods.

General
Ledger

Both cash and accrual accounting are supported, and user-defined financial reporting is very flexible. Firms can export GL actuals to, and import GL budgets from, spreadsheets. Other features include recurring and automatic reversing journal entries, and up to 5 years of history kept online.

Accounts
Payable

Features include on-demand check writing with quick and efficient allocation to client costs, one pass laser MICR check printing from blank stock, and cash requirement reporting. A signature can be applied automatically to checks at or below a designated threshold amount.

Trust
Manager

One-pass laser MICR check printing from blank stock, optional trust application to bills with automatic trust check and cash receipt creation, trust statements and/or trust balances shown on client bills.

870 Market Street, Suite 1051
San Francisco, CA 94102
Tel: 415-693-1700 Ext 320
info@www.versys.com

© Versys Software Inc. 2022