TimeSolv

Acquired by ProfitSolv (Lightyear Capital) (2020-05). Still operates under the TimeSolv brand.

Est. 1999 Updated 2026-03-19

Cloud-based time tracking and billing platform for law firms, operating since 1999. Acquired by ProfitSolv (Lightyear Capital PE) in May 2020; sits alongside Rocket Matter, CosmoLex, Tabs3, and Orion in the ProfitSolv portfolio — FTV Capital invested in 2025. Targets solo to mid-size law firms with timer-based time capture, batch invoicing, trust/IOLTA accounting, LawPay payment processing integration, and QuickBooks sync. Users on r/LawFirm consistently cite TimeSolv when billing-only solutions are requested, preferring its focused toolset over all-in-one PM suites that bundle billing as a secondary feature. Capterra 4.5/5 (109 reviews). Reddit recommendations skew toward solo and small firms (1-20 attorneys); suitability for 50+ attorney firms is unverified. Designed for law firms, not corporate legal departments or legal ops teams — generates invoices rather than receiving/reviewing them. Pricing starts ~$30/user/month (vendor-stated). Vendor-published case studies exist but no independent ROI data verified.

Capabilities

Spans 6 product areas: Time and Billing, Payment processing, Matter Management, Accounting/Finance, Spend Management and E-Billing, Workflow Automation.

Workflow Coverage

Based on published feature listings, this tool maps to 4 workflow areas:

Billing, Time & Finance
Client & Matter Lifecycle
Document Drafting & Automation
Firm Operations & Growth

Workflow mappings derived from published feature lists. Not independently verified.

What We Haven’t Verified

This page was assembled from publicly available information. Feature claims and workflow mappings are based on what the vendor and third-party listings publish — not hands-on testing or practitioner feedback.

Workflows

Based on practitioner evidence, TimeSolv is used in these workflows:

Billing, Time & Finance Specialist #9 of 75

What practitioners struggle with

Real frustrations from legal professionals — the problems TimeSolv addresses (or should address). Sourced from practitioner reviews, Reddit threads, and case studies.

Attorneys reconstruct their day at 9pm, guessing at time entries — studies show 10-15% of billable hours vanish when you don't track in real time

Billing, Time & Finance 90 vendors affected Solo practitioner · Small firm (2–10) · Mid-size firm (11–50) · Large firm (51–200)

Attorneys forget to record time and reconstruct their day from memory at 7pm — half the billable time leaks because nobody captured it when it happened

Billing, Time & Finance 5 vendors affected mid-firm · large-firm

Practice management and accounting are two different planets — billing lives in the PM tool, financials live in Xero or QuickBooks, and the sync either doesn't exist or breaks every month during reconciliation

Billing, Time & Finance 36 vendors affected Small firm (2–10) · Mid-size firm (11–50) · Solo practitioner

Solo/small firm invoice review is a one-at-a-time slog — billing coordinator or attorney opens each invoice individually, reviews line items, adjusts, and sends, with no batch review or bulk approval workflow across 50+ monthly invoices

Billing, Time & Finance 7 vendors affected Solo practitioner · Small firm (2–10) · Mid-size firm (11–50)

Small-to-mid firm uses QuickBooks Online for accounting but needs legal-specific billing features (trust accounting, LEDES invoicing, split billing, matter-level tracking) — bolting on generic invoicing apps creates data silos and manual reconciliation nightmares

Billing, Time & Finance 7 vendors affected Solo practitioner · Small firm (2–10) · Mid-size firm (11–50)

Law firm's collections process is a manual afterthought — aging AR spreadsheet updated weekly, billing coordinator sends courtesy emails when they remember, partners don't follow up on their own clients' unpaid invoices, and write-offs climb to 5-10% of billed revenue because there's no systematic follow-up workflow or visibility into who owes what

Billing, Time & Finance 13 vendors affected Mid-size firm (11–50) · Large firm (51–200) · Small firm (2–10)

Mid-size law firm has used the same desktop billing software for 15 years and it works, but remote attorneys can't access it from home, new hires expect a browser-based interface, and the managing partner is worried about the vendor sunsetting the product — the switching cost feels enormous because 15 years of billing history and custom templates live in that local database

Billing, Time & Finance 16 vendors affected Solo practitioner · Small firm (2–10) · Mid-size firm (11–50) · Paralegal

When my firm's 20-year-old desktop billing system finally can't run on the newest Windows, I need to migrate decades of billing history to a cloud tool without losing client records, archived invoices, or trust account balances — and the attorneys refuse to learn anything that looks different

Billing, Time & Finance 14 vendors affected Solo practitioner · Small firm (2–10) · office-manager · managing-partner

Mid-size firm outgrows Clio or Tabs3 but 3E or Aderant feel like overkill — there's no obvious next step for a 75-attorney firm that needs real accounting, trust management, and LEDES billing without an enterprise implementation project

Billing, Time & Finance 2 vendors affected mid-firm · Legal ops

Where it fits in your workflow

Community Data

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