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Finocket for Lawyers

Challenges

The manual work this trade still runs on, what it costs, and what changes.

  1. Time spent on a client is never fully billed

    How it is done today
    Hours are noted in a diary and totted up when the fee note is written.
    Cost or risk
    Calls, drafting and research that were never written down are never billed.
    With Finocket
    Log time per client with the timer and turn unbilled time into fee note lines.

  2. Monthly retainer bills raised by memory

    How it is done today
    A clerk copies last month's fee note and changes the date.
    Cost or risk
    A month is skipped or billed twice, and the client notices before you do.
    With Finocket
    A recurring rule raises the retainer fee note on schedule.

  3. TDS deducted by clients is hard to match to fees

    How it is done today
    Receipts net of TDS are entered as the amount received, and the TDS is reconstructed at year end.
    Cost or risk
    TDS credit that is not tracked per receipt is easy to lose when the return is prepared.
    With Finocket
    Record each receipt net of the TDS the client deducted, and see the TDS per client.

  4. No matter-wise view of what was billed and spent

    How it is done today
    Fee notes and expenses sit in one ledger, separated by matter only in the advocate's head.
    Cost or risk
    Hard to tell what a matter has billed or what is outstanding on it.
    With Finocket
    Open a project per matter to group its time, expenses and fee notes, with the matter reference on each fee note.

  5. Clients ask again and again what they owe

    How it is done today
    The clerk prepares a statement by hand and sends it by WhatsApp.
    Cost or risk
    Time on statements instead of work, and payments delayed while the client waits for one.
    With Finocket
    A private link where the client sees their fee notes and payments.

  6. Following up on unpaid fees feels awkward

    How it is done today
    The advocate calls the client personally or lets the fee lapse.
    Cost or risk
    Old fees go unpaid.
    With Finocket
    A polite reminder sequence to existing clients, with late fees off and consent resolved at send time.

  7. The year-end hand-off to the CA takes weeks

    How it is done today
    Fee notes, bank statements and receipts are gathered into a folder and sent to the CA.
    Cost or risk
    The return waits on the paperwork.
    With Finocket
    Invite your CA with a read-only seat and export the hand-to-CA bundle.
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