Fighting for justice, representing your clients in criminal or civil feuds, advising them regarding legal transactions and proceedings and taking up pro bono cases to aid the unprivileged can be rewarding yet tiresome. So take the help of law budget templates to run your law firm more efficiently by minimizing the time spent on making budget invoices and maximizing the work done. Because customization is the key to making law budgets, it’s also important that you understand the basics of budgeting for a law firm, a specific case, or for an expense related to law firm service.
5 Steps to Write a Law Budget
Step 1: Decide Your Need
A law budget can be used to manage the whole firm by keeping track of the money spent on office supplies, lease rental, salaries for lawyers, paralegals and other support staff and it can also be used to prepare for litigation or a trial by estimating proceedings cost.
Step 2: Select a Professional Font
This may seem like a petty task, but when you are handling a large firm with high profile clients or getting ready for a trial to fight for justice, then attention to detail is the key and it makes the difference, so use that philosophy in your budgets as well to set the standard.
Step 3: Cutting Down On Unnecessary Costs
A law budget will give you a clear and precise overview of the financial condition of the firm along with the cost charged which will help you identify the unnecessary and avoidable expenses which can be prevented to save money.
Step 4: Set the Budget
Keeping your firm’s resources and aid from your clients in mind, set your budget to run the firm smoothly and furnish it with utilities to make it able to cross any hurdles in its way to attain justice for your clients and represent them in an orderly fashion.
Step 5: Find a Funding Source
Delay in settlements can be tough to handle as the attorney requires regular and steady inflow of cash/capital to fight a case or run a firm. So funding can help you cover various costs including; travel cost, witness fees, discovery related fees, and others. With all these elements, and dedicated space for each, you now have a fully functional law firm budget.
7+ Law Budget Templates
1. Professional Law Firm Budget Template
Looking for a free law budget template in PDF, that helps you to calculate the total operating expense of each month in an organized manner with the help of precise tables? Then use this template to breakdown the total cost and run your firm with utmost convenience and fluidity. If you need a template that captures a lot of information on a single page, this is ideal for you.
2. Corporate Law Budget Template
Are you preparing for an upcoming trial? Then leave no stones upturned and use this premium budget sample template to create a budget invoice to estimate the total cost to carry out the proceedings. This template will help you calculate the grand total for the attorney services provided so that you can focus on winning. The template is different from the test because it mixes all kinds of content elements, such as verbose language, close-ended questions, etc.
3. Law Budget Template Sample
On the lookout for a free template, which is available for instant download? Then be assured as this department budget template is the right fit for you. It consists of professional black fonts and tables on a white background along with red headings and can be easily edited using any PDF editor software. Because of its neatness, this template easily qualifies as the most elegant on the list.
4. Sample Law Budget Template
An intricately detailed sample legal and lawyer timesheet budget template, which is free of cost is rare, but it must be your lucky day as that is what we have shortlisted for you. Use this template to make an accurate budget worksheet to prepare for the legal proceedings and lay out your plan. Use this one if you need a template to pack a lot of info on a single page.
5. Standard Law Budget Template
Preparing for a court trial means all business and it’s budget statement should replicate that mindset. So use this neat and professional excel monthly budget template to calculate the total proceeding expenses in a detailed manner. It consists of a table and the classic black font on a white background giving it a simple yet professional look. For a clean and crisp looking law form template, simply go for this one.
6. Simple Law Budget Template
During the course of the trial, the expenditure on the wide range of supplies and services provided can be stored and tracked with the help of this free sample payroll budget template. It can be easily edited to enter information and cost charged using supported applications like Microsoft Word, MS Excel, Apple Pages, and Editable PDF; so download it today.
7. Basic Law Budget Template
Keep an account of the total cost charged by the expert witnesses and the legal research team by calculating the number of hours worked, with respect to their hourly rate using this corporate budget template. It consists of business standard fonts, can be shared and viewed on a wide range of devices, and is also printable.
8. Editable Law Budget Template
Running a law firm is not an easy task, but with some help from this budget tracker template, it can be less burdening. Gone, are those sleepless nights and days when you worked tirelessly making budget worksheets to manage your firm’s finances; as with the aid of this template you can layout your firm’s budget with relative ease.