How to Choose the Best Bankruptcy Software For Your Practice
Bankruptcy practice promises a lot of clients but its complexity can make it intimidating for lawyers who don't plan to specialize. Bankruptcy software is designed to fill that gap.
When it comes to software, at minimum you need a program that will streamline the process and prepare a bankruptcy petition. But given the options on the market there are many other things to consider before purchasing.
There are lots of popular products including Best Case, EZ-Filing, New Hope's Bankruptcy 2012, and products tied to legal research subscriptions. So which is right for your practice?
Once you get past the basics, each product offers its own package of extras that may be important to you.
Consider how many people in your office will use the software and how they'll use it. Some licenses require an attorney to file the petition; others allow paralegals or virtual assistants to e-file under the attorney's license.
Pricing is also different depending on how many people will use the software. Take that into consideration before making a decision.
Another aspect to consider is post-filing forms, like motions to convert. Do you like the pre-designed forms that come with the package? Are you comfortable with the way edits are done? Does it have the functions that you want?
Most software offers a free demo so make sure you see how the post-filing works, not just the petition itself.
Not all software works in all districts so make it's compatible with the courts you're most often appearing in. There's no point having a product that doesn't work with your home court's filing system.
There's a lot of bankruptcy software out there and while the products named above and certain other software is only for attorneys, not everything is.
Make sure the products you're buying are designed for attorney use. Software that can also be used by private citizens is probably not what you want.
If you still can't make a choice, look to the details. Consider things like creating PDFs from the program, interaction with due diligence software, tech support, and maintenance.
Like any tool, bankruptcy software can make a big impact in your practice but be sure you're using the right tool for the job. Don't make an impulse purchase that you, and your clients, will regret.
Related Resources:
- Is It Time to Brush Up On Bankruptcy? (FindLaw's Strategist)
- How a Small Firm Should Deal with Software Overload (FindLaw's Strategist)
- Major Software Systems: Heaven or Hell? (FindLaw's Technologist)