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What is Lysp?
Lysp is designed for law firms seeking to transform their billing process with advanced AI automation. By analyzing a firm’s billing behavior and historical data, Lysp rapidly generates comprehensive, compliant billing narratives and transparent invoices aligned with American Bar Association standards. The platform integrates seamlessly with popular legal and accounting software, providing real-time payment tracking and strategic financial insights.
With Lysp, law firms can minimize administrative burdens, reduce disputes over unclear bills, and maintain control through draft review and adjustment features. The system supports flat fee and value-based billing, allows scheduling of recurring invoices, and delivers key metrics to drive financial health and informed decision-making for growing and large legal practices.
Features
- AI Billing Narratives: Generates compliant invoices from case summaries using AI-driven analysis.
- Compliance Controls: Ensures bills meet American Bar Association Model Rules and legal industry standards.
- Pre-Bill Review: Offers review and adjustment before converting drafts into final invoices.
- Real-Time Payment Tracking: Monitors paid, unpaid, and overdue invoices via dashboard.
- Integration Support: Connects with Clio, MyCase, PracticePanther, Microsoft Teams, Salesforce, and (in higher plans) QuickBooks.
- Recurring Invoices: Schedules and automates recurring client billing.
- Custom Domains: Supports branded invoice portals for firms.
- Comprehensive Financial Snapshot: Delivers key receivables and revenue health metrics.
- Team Collaboration: Supports multiple team members up to unlimited, depending on plan.
Use Cases
- Automating the creation of legal billing narratives from case summaries.
- Ensuring all client invoices meet legal compliance requirements.
- Reducing administrative hours spent on drafting and reviewing bills.
- Monitoring in real time the payment status of invoices and overdue accounts.
- Scheduling and sending recurring legal service invoices.
- Consolidating billing and payment data for strategic financial decisions.
- Integrating billing workflows with existing legal practice management systems.
- Improving billing transparency and client trust with data-backed narratives.
FAQs
-
Does Lysp support hourly billing?
Currently, Lysp supports flat fee and value-based billing, with hourly billing planned for future updates. -
Is client data used to train Lysp's AI models?
Lysp does not use client data to train models; data is only used for pricing purposes and sensitive information is filtered per firm. -
How does Lysp handle taxes and discounts on invoices?
Lysp allows law firms to add taxes and discounts to invoices, and calculates the totals automatically. -
Can users track the payment status of invoices?
Payment status, including paid, unpaid, and overdue invoices, can be tracked in real time from the dashboard. -
Does Lysp integrate with accounting software?
Lysp can integrate with QuickBooks, available as part of the Litigation Firm Plan.
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Lysp Uptime Monitor
Average Uptime
78.21%
Average Response Time
176.15 ms
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