Caret Legal
Caret Legal is an all-in-one practice management software designed to help law firms manage matters, track time, automate documents, and handle complex legal accounting in a single platform.
TimeSolv
TimeSolv is a comprehensive web-based time tracking and billing software designed to help legal and professional service firms increase billable hours and streamline complex invoicing processes.
Quick Comparison
| Feature | Caret Legal | TimeSolv |
|---|---|---|
| Website | caretlegal.com | timesolv.com |
| Pricing Model | Subscription | Subscription |
| Starting Price | $79/month | $39.95/month |
| FREE Trial | ✓ 0 days free trial | ✓ 30 days free trial |
| Free Plan | ✘ No free plan | ✘ No free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2013 | 1999 |
| Headquarters | New York, USA | Eagan, USA |
Overview
Caret Legal
Caret Legal provides you with a centralized workspace to manage every aspect of your law firm. Instead of jumping between disconnected tools, you can handle matter management, email, billing, and sophisticated legal accounting within one interface. It helps you eliminate administrative bottlenecks by automating repetitive tasks like document generation and deadline tracking, allowing your team to focus on billable work and client results.
You can organize your entire practice with built-in tools for lead management, task coordination, and secure client communication. The platform is built specifically for mid-sized and growing firms that need more than just basic organization. By integrating your front-office workflows with back-office financial reporting, you gain a clear view of your firm's profitability and performance without manual data entry.
TimeSolv
TimeSolv helps you capture every billable minute and manage complex project accounting without the administrative headache. Whether you are running a law firm or a consultancy, you can track time from any device, even when you are offline. The platform simplifies the entire billing cycle by allowing you to create customized invoices, set multiple tax rates, and automate recurring charges for your long-term clients.
You can manage your entire practice through a centralized dashboard that tracks budgets, accounts receivable, and staff performance. It eliminates the friction of manual data entry by integrating directly with your existing accounting tools and payment processors. By moving your billing to the cloud, you ensure your team stays productive and your firm gets paid faster with built-in electronic payment options.
Overview
Caret Legal Features
- Matter Management Organize all your case details, documents, and communications in one central location for easy access by your entire team.
- Legal Accounting Manage your firm's business and trust accounting directly within the platform to ensure compliance and financial accuracy.
- Document Automation Generate complex legal documents instantly using your existing templates to save hours of manual drafting and data entry.
- Email Integration Connect your Outlook or Gmail to automatically link emails and attachments to the correct matters without leaving your inbox.
- Time & Billing Capture every billable minute with built-in timers and convert them into professional, compliant invoices with just a few clicks.
- Client Portal Share documents and receive payments securely through a private portal that keeps your clients informed and your data protected.
TimeSolv Features
- Offline Time Tracking. Record your billable hours even without an internet connection and sync your data automatically once you are back online.
- LEDES E-Billing. Generate specialized electronic invoices that meet strict legal industry standards like LEDES 98B and 1998BI with zero manual formatting.
- Conflict Check. Run instant searches across your entire database to identify potential ethical conflicts before you take on a new client.
- Trust Accounting. Manage your evergreen retainers and trust accounts with full compliance, ensuring your client funds are handled accurately and transparently.
- Project Budgeting. Set specific budget caps for tasks or entire projects and receive automated alerts before you exceed your agreed-upon limits.
- Document Management. Store and organize your case files directly within the platform or sync them with your favorite cloud storage providers.
Pricing Comparison
Caret Legal Pricing
- Matter & contact management
- Full legal accounting
- Email & calendar sync
- Unlimited document storage
- Standard document automation
- Mobile app access
- Everything in Enterprise, plus:
- Advanced document automation
- Custom fields & workflows
- Task templates
- Lead management (CRM)
- Advanced reporting
TimeSolv Pricing
- Unlimited clients and matters
- LEDES e-billing capabilities
- Trust accounting tools
- Conflict of interest search
- Document management integration
- Mobile app access
- Designed for non-legal professionals
- Unlimited projects and tasks
- Flexible invoicing templates
- Budgeting and forecasting
- Expense tracking with receipt uploads
- Standard business reporting
Pros & Cons
Caret Legal
Pros
- Comprehensive all-in-one system eliminates the need for third-party accounting
- Robust email integration links messages directly to specific matters
- Highly customizable workflows adapt to different practice areas
- Clean and modern user interface is easy to navigate
- Excellent document assembly features save significant drafting time
Cons
- Initial setup and data migration can be time-consuming
- Learning curve for the advanced accounting and reporting modules
- Higher price point compared to basic practice management tools
TimeSolv
Pros
- Robust LEDES billing support for legal teams
- Reliable offline time tracking for travelers
- Excellent customer support and onboarding assistance
- Intuitive interface for quick time entry
- Seamless integration with QuickBooks and Xero
Cons
- Mobile app interface feels slightly dated
- Steep learning curve for complex reporting
- Occasional slowness during heavy data exports