
TimeSolv Legal Billing
TimeSolv is a cloud-based legal time tracking and billing solution that caters to law firms, accountants, consultants, architects, and freelancers, helping them manage daily business operations. TimeSolv integrates project ma...Read more
PracticePanther Legal Software is a legal management solution for small to large practices specializing in areas including bankruptcy, personal injury, family, divorce, estate planning, litigation, criminal law and many more. The ...Read more
BQE Core makes it easier and more profitable to run your business. It organizes information, automates repetitive tasks and allows your firm to spend more time providing service to your clients instead of managing internal process...Read more
Zola Suite is a cloud-based legal practice management solution for law firms of all sizes. Key features include task management, built-in email, document management, client portals, calendar, contact management, automation, report...Read more
Sage Intacct is a provider of cloud-based financial management and accounting software. Sage Intacct's software solution is suitable for small to midsize accounting firms and can provide financial reporting and operational insight...Read more
With Amicus Cloud (formerly Amicus Online) legal practice management software you can access your practice 24/7 from any computer or mobile device. Combine your contacts, cases and calendar in an intuitive system that helps you st...Read more
Amicus Attorney is a legal case management software solution to help you manage your growing law practice. Access every case detail in a single, intuitive solution. Automatically capture client and case information, track billable...Read more
iDeals Virtual Data Rooms is an on-premise and cloud-based virtual data rooms solution. It caters to investment banks, legal firms, life sciences, real estate and other large corporations. Primary features include document managem...Read more
Keeping track of details, documents, and deadlines is a priority for attorneys and other professionals who manage bankruptcy cases. Manual methods for compiling and documenting client and case data are time-consuming and increase the chances of human error. Bankruptcy software automates data entry and legal calculations, so law firms can manage bankruptcy cases more efficiently.
This guide explains the features and benefits of bankruptcy software and the various factors you should consider to make a smart purchase that meets your budget and needs.
Here’s what we’ll cover:
Bankruptcy software helps lawyers, law firms, and other legal professionals guide their clients through the bankruptcy process. It offers the necessary legal forms, maintains court compliance, allows electronic filing of court forms, and provides bankruptcy case management functionality. The software speeds up case management by automating data entry and legal calculations.
While features vary from product to product, bankruptcy software typically offers some or all of the following functionalities:
Electronic filling | Prepare and file documents remotely. Digitally transmit forms, claims, and petitions to all the case management/electronic case file (CM/ECF) courts. |
Document management | Collect, upload, store, and share all documents in a centralized location so everyone involved can access important case documents, messages, and contacts. |
Client management | Access a secure client portal to share legal documents, case updates, and more with your clients, co-counsel, and other associated individuals.Communicate directly with clients, schedule meetings, and record client and case details. |
Calculators | Automate calculations for means tests, exceptions, and repayment plans. Use case data metrics to calculate the filing chapter, commitment period, and presumption of abuse. |
Forms automation | Auto-populate legal data into forms and schedules, reducing the amount of manual time spent on repetitive tasks. |
Legal forms library | Use pre-designed, industry-specific forms to simplify bankruptcy filing preparation and eliminate the risk of human error. |
Bankruptcy software addresses the needs of law industry professionals. Understanding which buyer category you belong to will help identify the software solutions that best meet your needs.
Solo practitioners: Attorneys with a solo practice manage both legal cases and business operations. To increase practice efficiency, look for tools that automate repetitive tasks such as form filling, calculators, and task management. Bankruptcy software with a legal forms library reduces manual time spent researching and acquiring industry-specific forms, leaving more time to focus on your clients and case load.
Small firms: Firms with fewer than 10 attorneys need solutions that streamline bankruptcy case management. Look for features that provide necessary forms and ensure court compliance, such as electronic filing, form automation, and legal form libraries.
Midsize and large firms: Midsize firms generally have more than one office location and 11 or more attorneys. Large firms may have numerous locations and law professionals. Both have complex needs due to size and case volume. Look for tools that replace manual tasks and save time for administrative staff. Utilizing features such as forms automation, calculators, legal form libraries, and document management frees up valuable time to attend to clients or perform other tasks.
Bankruptcy software offers multiple benefits that help law professionals work more efficiently.
Each bankruptcy software system has its own target end users. Some allow only attorneys to file petitions, while others allow paralegals, petition preparers, and virtual assistants to file under the attorney's license. Some solutions include do-it-yourself (DIY) functions for private citizens but lack the process automation that attorneys need. Before making a purchase, verify that the software's features fit your needs.
Here are some market trends related to bankruptcy software that you should be aware of:
Cloud-based software solutions improve case management efficiency. Attorneys, paralegals, and other key stakeholders can remotely access forms and data from a variety of devices and locations. This helps bankruptcy attorneys work from anywhere while staying connected to their firms and clients. Access cases, key documents, client information, and more without having to make a trip back to the office.
Artificial intelligence (AI) reduces time spent on repetitive tasks. AI technology analyzes data in order to recognize patterns and draw informed conclusions. Law firms save valuable time by automating form creation, calculations, time tracking, and legal analytics.