Rippe & Kingston Legal Management Software is the leader in financial management for Law Firms. Built on a 30+ year collaboration with our Public Accounting Firm and Information Technology Company: The Legal Management System (LMS) has been proven to be the most effective system for Financial Management of Law Firms.
Attorney Management is more than simply measuring profitability and hours of the lawyers and staff. In large part, turning time into money begins with which metrics the firm has in place and whether the right key performance indicators are being measured and tracked. Next, you must equip them with the tools and technology that allows them to maximize their effectiveness. The LMS Attorney Management Module delivers by allowing you to systematize and document key activities in the practice.
The General Ledger System provides sophisticated financial reporting on both a cash and accrual basis. Automatic journal entries through the Integration of LMS modules directly to the General Ledger system allows for seamless monthly processing and analysis of the firm’s financial reporting. Reporting formats are user-defined, providing you with a variety of summary and detailed reports to assist in financial planning. General Ledger also handles multiple office locations and allows on-line inquiries by department, profit center and account. You have the ability to perform the comparison of income statements and balance sheets to both prior periods and budgets.
The Accounts Payable System offers an accurate, efficient way to control the Law Firm’s cash position. The Legal Management System (LMS) is an integrated, single source entry system. Information entered into Accounts Payable is automatically transferred to General Ledger and to Client Disbursements through a single transaction. The System will process both Law Firm and client invoices and will validate distribution totals before accepting transactions. This feature ensures that all checks written on behalf of clients will automatically appear in both the client file and in the Law Firms' financial records. The system provides tools that enhance the productivity of the Accounts Payable function such as laser printed checks with "MICR" encoding and "Multi" signature capability; vendor invoicing imaging & retrieval and unlimited vendor history.
The LMS System offers a variety of tools focused on improving the billing processes for your accounting and administrative staff by consolidating many tasks into a single integrated solution. These tools streamline the processing of timesheets, expenses, disbursements, billing, editing and invoicing to reduce the billing cycle and improve the firm’s cash flow position. Whether your firm is setup for centralized billing or fully distributed/collaborative billing, LMS provides the latest applications to allow your firm to enhance your billing process today and into the future.
LMS also provides a fully integrated Collections Module for tracking and collecting past due invoices. Our ARM Module allows for users to track collection notes, collection events and produce Bill and Payment History reports along with copies of previously sent invoices effortlessly. Traditional collection statements are included with the system along with the latest eARM automated collection email module.
True integration means your accounting and administrative staff can more easily work together.
The Legal Management System (LMS ) cost recovery tools streamline your accounting operations by importing data from office equipment, legal research, delivery services and others into the financial management system for proper cost billing. You no longer have to manually enter your data—Cost Recovery does it for you.
With LMS, members of the Law Firm now have point and click access to ten levels of real time information relating to the work-in-process and financial data of the Firm, their clients and matters. Executive Inquiry allows the secured user to see work-in-process and financial information in various views based on firm-wide, branch office, departmental, client, attorney, and client/matter totals. Attorney statistics can be viewed by billing attorney, originating attorney, responsible attorney, and working attorney. Firm statistics are broken-down by Firm, branch office, and departments. Client information can be viewed by individual client or client/matter totals. Inquiry capability includes information by period, balance comparisons, balance trends, activity comparisons and activity trends. Statistics can be presented year-to-date or life-to-date. Information is displayed in a data window or using graphs and charts.
The Trust Accounting System for Law Firms provides an automated, effective method to handle trust receipts and disbursements. The system is integrated with the LMS client/matter files, providing streamlined application of trust funds. Trust monies may be segregated into multiple accounts per client/matter. In addition, funds may be disbursed via check-writing from the system or internal transfer. Complete audit history records are maintained for all receipts and disbursements. The Firm receives improved monitoring of trusts and the amount of law firm administrative staff time is reduced.
A conflict of interest is a set of circumstances that creates a risk that professional judgment or actions regarding a primary interest will be unduly influenced by a secondary interest. With the potential risk, it is critical to have a conflict checking module integrate within your law office management.
Sequel is the tool that allows you to easily access the valuable data stored in your Legal Management System Database and create custom reports to meet your specifications. The Sequel suite of data access tools can deliver database information almost any way you can imagine – over the web, at a PC workstation, in a graphical Business Intelligence system, or with more traditional host-based query and reporting capabilities. Sequel delivers information with the utmost performance and ease of use.
LMS users can access data, quickly and easily. Shortcuts display, e-mail, graph, or download the latest information. Run-time prompting lets users run a standard view using different selection parameters. SEQUEL Viewpoint's graphical, drag-and-drop design interface makes ad hoc requests a snap. Predefine JOIN criteria, calculations, date field conversion, and meaningful field names so anyone can create views. This is exactly what every law firm needs for on Demand Printing.