<PAGE>   1
                       SECURITIES AND EXCHANGE COMMISSION
                                WASHINGTON, D.C.

                                    FORM 10-Q

                   QUARTERLY REPORT UNDER SECTION 13 OR 15(D)
                     OF THE SECURITIES EXCHANGE ACT OF 1934



For Quarter Ended         December 29, 1995
                  ---------------------------

Commission file number    0-14063
                      -----------------------

                    BARRISTER INFORMATION SYSTEMS CORPORATION
             (Exact name of Registrant as specified in its charter)



         New York                                      16-1176561
(State or other jurisdiction of                       (I.R.S. Employer
incorporation of organization)                        Identification No.)


465 Main Street, Buffalo, New York                          14203
(Address of principal executive offices)                  (Zip Code)


Registrant's telephone number, including area code (716) 845-5010
                                                  ----------------------------
                          Not Applicable
-------------------------------------------------------------------------------
(Former  name,  former  address and former  fiscal year,  if changed  since last
report).

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days.

                                                        Yes   X       No
                                                           ------       ------
         Class                                 Outstanding at February 2, 1996
 --------------------                          ------------------------------- 
 Common $.24 Par Value                                 6,197,972 Shares






<PAGE>   2







                    BARRISTER INFORMATION SYSTEMS CORPORATION
                                      INDEX

<TABLE>
<CAPTION>
                                                                                                        Page
                                                                                                       NUMBER
                                                                                                       ------
 PART I.  FINANCIAL INFORMATION



<S>                                                                                                      <C>                     
         Item 1.  Financial Statements

         Condensed Balance Sheets at
         December 29, 1995 and March 31, 1995 ............................................................3

         Condensed Statements of Operations -
         Three and Nine Months Ended
         December 29, 1995 and December 30, 1994..........................................................4

         Statement of Shareholders' Equity -
         Nine Months Ended December 29, 1995..............................................................5

         Condensed Statements of Cash Flows -
         Nine Months Ended December 29, 1995
         and December 30, 1994............................................................................6

         Notes to Condensed Financial Statements..........................................................7


         Item 2.  Management's Discussion and Analysis
                  of Financial Condition and Results
                  of Operations...........................................................................8


PART II.  OTHER INFORMATION

         Item 6.  Exhibits and Reports on Form 8-K......................................................11


</TABLE>




                                   -2-




<PAGE>   3




                          PART I. FINANCIAL INFORMATION
                    BARRISTER INFORMATION SYSTEMS CORPORATION

                            Condensed Balance Sheets
                                 (In thousands)

<TABLE>
<CAPTION>
                                             December 29   March 31
                                                1995        1995
                                                ----        ----
                ASSETS

<S>                                          <C>         <C>     
Cash                                         $     22    $    184
Accounts receivable                             1,508       1,565
Inventories:
   Service parts                                3,421       3,823
   Other                                          172         182
Prepaid expenses                                   49          43
                                               ------      ------
       Total current assets                     5,172       5,797
                                               ------      ------

Equipment and leasehold
   improvements, at cost                        4,088       4,184
Less accumulated depreciation                   3,641       3,619
                                               ------      ------
       Net equipment and leasehold
          improvements                            447         565
                                               ------      ------

Software production costs                         326         132
Other assets                                       34          50
                                               ------      ------
                                             $  5,979    $  6,544
                                               ======      ======


     LIABILITIES AND SHAREHOLDERS' EQUITY

Note payable to bank                         $    250    $    250
Current installments of long term debt            601          96
Accounts payable                                  760         933
Accrued compensation and benefits                 514         572
Customer advances and unearned revenue          1,032         956
Other liabilities                                 164         110
                                               ------      ------
       Total current liabilities                3,321       2,917
                                               ------      ------

Long-term debt,excluding current installments
   ($1,510 in December and $2,357 in March
    to a related party)                         2,455       3,329

Shareholders' equity:
   Preferred stock                                 -           -
   Common stock ($.24 par value)                1,488       1,486
   Additional paid-in capital                  19,796      19,788
   Accumulated deficit                        (21,081)    (20,976)
                                               ------      ------
       Total shareholders' equity                 203         298
                                               ------      ------
                                             $  5,979    $  6,544
                                               ======      ======


See accompanying notes to condensed financial statements.

                              -3-

</TABLE>





<PAGE>   4


                    BARRISTER INFORMATION SYSTEMS CORPORATION

                       Condensed Statements of Operations
                      (In thousands, except per share data)


<TABLE>
<CAPTION>

                           Three Months Ended   Nine Months Ended
                           ------------------   -----------------
                             Dec. 29  Dec. 30   Dec. 29   Dec. 30
                               1995     1994      1995      1994
                             ------   ------    ------    ------
<S>                         <C>     <C>       <C>      <C>   
Revenues:
 Product sales              $   366  $   515   $ 1,115   $ 1,948
 Services                     2,840    3,277     9,050     9,646
                             ------   ------    ------    ------
   Total revenues             3,206    3,792    10,165    11,594
                             ------   ------    ------    ------

Costs and expenses:
 Cost of product sales          148      421       523     1,556
 Cost of services             2,488    2,493     7,599     7,574
                             ------   ------    ------    ------
   Total cost of revenues     2,636    2,914     8,122     9,130
                             ------   ------    ------    ------

 Selling, general and
   administrative expenses      653      623     1,973     1,990
 Product development and
   engineering                  117      156       308       492
                             ------   ------    ------    ------
   Total costs and expenses   3,406    3,693    10,403    11,612
                             ------   ------    ------    ------

Operating income (loss)        (200)      99      (238)      (18)

Interest expense :
 Related party                   -        49       108       138
 Other                           14       14        41        38
                             ------   ------    ------    ------
   Total interest                14       63       149       176
                             ------   ------    ------    ------

Income (loss) before
  extraordinary item        $  (214) $    36   $  (387)  $  (194)

Extraordinary gain on
  reduction of debt              -        -        282        -
                             ------   ------    ------    -----

Net income (loss)           $  (214) $    36   $  (105)  $  (194)
                             ======   ======    ======    ======

Per common and common
  equivalent share:
  Income (loss) before
    extraordinary item      $ (0.03) $  0.01   $ (0.06)  $ (0.04)
  Extraordinary item             -        -       0.04        -
  Net income (loss)         $ (0.03) $  0.01   $ (0.02)  $ (0.04)
                             ======   ======    ======    ======

Weighted average number of
  common and common
  equivalent shares
  outstanding                 6,190    6,170     6,239     5,493
                             ======   ======    ======    ======

</TABLE>


 See accompanying notes to condensed financial statements.

                              -4-


<PAGE>   5


                    BARRISTER INFORMATION SYSTEMS CORPORATION

                        Statement of Shareholders' Equity
                                 (In thousands)

<TABLE>
<CAPTION>


                                       Additional
                                Common   paid-in  Accumulated
                                 Stock   Capital    Deficit     Total
                                 -----   -------    -------     -----


<S>                           <C>      <C>       <C>        <C>          
Balance at March 31, 1995      $ 1,486  $ 19,788  $ (20,976)  $   298

Sale of 8,000 Common shares          2         8         -         10

Net loss                            -         -        (105)     (105)

                                 -----    ------     ------     -----
Balance at December 29, 1995   $ 1,488  $ 19,796  $ (21,081)  $   203
                                 =====    ======     ======     =====
</TABLE>











Common stock - 6,197,972 and 6,189,972 shares issued and outstanding at
              December 29, 1995 and March 31, 1995.













See accompanying notes to condensed financial statements.

                              -5-








<PAGE>   6





              BARRISTER INFORMATION SYSTEMS CORPORATION

                Condensed Statements of Cash Flows
                         (In thousands)
<TABLE>
<CAPTION>

                                                   Nine Months Ended
                                                   -----------------
                                                  Dec. 29    Dec. 30
                                                    1995       1994
                                                    ----       ----
<S>                                             <C>        <C>       
Cash flows from operating activities:
   Net loss                                      $  (105)   $  (194)
   Adjustments to reconcile net loss to net
    cash provided (used) by operating activities:
      Depreciation and amortization                  231        231
      Loss on disposal of equipment                   -           1
      Extraordinary gain on debt reduction          (282)        -
      Changes in current assets and liabilities:
       Accounts receivable                            57        185
       Inventories                                   412       (259)
       Prepaid expenses                               (6)       (15)
       Accounts payable                             (173)      (153)
       Accrued compensation and benefits             (58)      (301)
       Customer advances and unearned revenues        76       (106)
       Other liabilities                              54         14
                                                   -----      -----
         Net cash provided (used)
           by operating activities                   206       (597)
                                                   -----      -----

Cash flows from investing activities:
   Additions to equipment and leasehold
    improvements                                     (78)       (68)
   Additions to software production costs           (229)        -
   Proceeds on sale of equipment                                  8
   Other                                              16         16
                                                   -----      -----
         Net cash used in investing activities      (291)       (44)
                                                   -----      -----

Cash flows from financing activities:
   Net repayment of debt                             (87)      (117)
   Proceeds from sale of Common stock                 10         -
         Net cash used by                          -----      -----
            financing activities                     (77)      (117)
                                                   -----      -----

Net decrease in cash                                (162)      (758)
Cash at beginning of period                          184        804
                                                   -----      -----
Cash at end of period                            $    22    $    46
                                                   =====      =====


Supplemental disclosure of cash flow information:

      Interest paid                              $   213    $   127
                                                   =====      =====

Non-cash financing activities:

      Conversion of long term debt to
       preferred stock                           $    -     $   250
      Conversion of preferred stock to
       common stock                              $    -     $ 3,310
                                                   =====      =====

</TABLE>

 See accompanying notes to condensed financial statements.

                               -6-


<PAGE>   7





                    BARRISTER INFORMATION SYSTEMS CORPORATION


                     Notes to Condensed Financial Statements

1. In the opinion of management,  the accompanying  financial statements present
fairly the  financial  position,  results of  operations  and cash flows for the
periods  shown.  The third quarter  results for each year  represent 13 weeks of
operations ended Friday,  December 29, 1995 and December 30, 1994. The financial
data  included  herein  was  compiled  in  accordance  with the same  accounting
policies  applied to the Company's  audited  annual  financial  statements.  Any
adjustments made were of a normal recurring nature.

      The results of  operations  for the nine month period  ended  December 29,
1995 are not necessarily indicative of the results expected for the full year.


2. A summary of long-term debt follows:
<TABLE>
<CAPTION>
                                             Dec. 29    March 31
                                             -------    --------
                                               1995       1995
                                               ----       ----
                                                (In Thousands)
                                                --------------
<S>                                      <C>         <C>    
Working capital note with
 BIS Partners, L.P.                         $   285    $   285
Term note with BIS Partners, L.P.             1,764      2,108
Other                                         1,007      1,032
                                             ------     ------
    Total long-term debt                      3,056      3,425
Less current installments                       601         96
                                             ------     ------
Long term debt, excluding
  current installments                      $ 2,455    $ 3,329
                                             ======     ======
</TABLE>


On August 31,  1995,  BIS  Partners,  L.P.  (BIS)  agreed to cancel  $450,000 of
long-term  debt and to  reduce  the  interest  rate on the  remaining  debt to 8
percent. In addition, the repayment terms were modified to interest-only through
March  31,  1996,  with  repayment  in  36  equal  installments  thereafter.  In
accordance with this  agreement,  the Company reduced the amount of debt owed to
BIS to equal the total cash to be repaid to BIS for both principal and interest.
This resulted in a second  quarter  extraordinary  gain of $282,000.  All future
payments  to BIS  will be  recorded  as a  reduction  in the  debt  balance.  In
connection with this transaction, the Company issued warrants to BIS to purchase
450,000  shares of its capital stock at $1.9375 per share (the fair market value
at issue date), exercisable through August 31, 2005.



                                -7-





<PAGE>   8


Item 2.   Management's Discussion and Analysis of Financial
Condition and Results of Operations

FINANCIAL CONDITION
-------------------

The Company  experienced  a net  decrease in cash of $162,000 for the first nine
months  of  fiscal  1996.  Cash  used for  investing  activities  (additions  to
equipment and software  production costs) and financing  activities exceeded the
cash  provided by  operating  activities  of $206,000.  The  positive  cash from
operations was principally  realized from  depreciation  and  amortization,  and
lower levels of  inventories.  These amounts were  sufficient to offset the loss
before  extraordinary item and reductions in accounts payable.  This result also
compared  very  favorably  to a decrease  of $758,000 in cash for the first nine
months of the prior year.

The Company's  ability to meet its cash  requirements is currently  dependent on
its ability to operate on a profitable basis and on the continued support of its
major debtholder, BIS Partners, L.P.(BIS). The Company has experienced growth in
Javelan sales which has resulted in higher gross profits from product  revenues.
Based on increased  levels of interest and prospects,  current  expectations are
that continued  growth in Javelan sales and margins will occur.  In the services
business, revenues have decreased based primarily on a reduction in revenue from
the Company's  major  service  customer.  The Company has recently  enhanced its
selling and  marketing  capacity in the services area to capture new business to
replace what has been lost and for future business growth.  BIS has continued to
support the Company by agreeing to cancel  $450,000 of its debt in August  1995,
to reduce the interest rate on its  remaining  debt  outstanding  and to receive
interest only payments  during fiscal 1996. BIS  previously  agreed to provide a
$500,000 line of credit through June 30, 1996. There was no borrowing under this
line of credit at December 29, 1995. There can be no assurances that the Company
will  operate on a  profitable  basis or that BIS will  continue  to support the
Company's cash requirements. The Company is currently seeking additional sources
of capital to strengthen its balance sheet, to provide longer term liquidity and
to enhance its selling and marketing  resources in both Javelan and the services
business. To that effect, in order that there be sufficient shares available for
possible  future  transactions,  a Proxy has been filed with the SEC to increase
the number of authorized common shares from 10,000,000 to 20,000,000.  The Proxy
calls for a Special Meeting of Shareholders to be held in March 1996.




                              -8-



<PAGE>   9


RESULTS OF OPERATIONS
---------------------

For the quarter ended December 29, 1995, total revenues decreased 15.5% from the
same  quarter in 1994,  with a net loss of $214,000  compared to a net profit of
$36,000 in the third quarter of the prior year.  For the nine month period ended
December 29, 1995, total revenues  decreased 12.3% compared with the nine months
ended December 30, 1994. The nine month net loss before  extraordinary  item was
$387,000  compared to a net loss of $194,000  incurred in the comparable  period
for the prior year. After taking the extraordinary item into account, a net loss
of $105,000 was incurred for the first nine months. The principal reason for the
loss incurred in the third quarter was lower services  revenues at the same time
services expenses were constant.

Product sales decreased 28.9% for the comparable  third quarters,  and 42.8% for
the comparable first nine months. This was primarily due to a de-emphasis of the
sale of low margin commodity products.  However, an increase was realized in the
sale of Javelan, the Company's  windows-based  management software product which
has only a small associated cost of sales. As a result, margins on product sales
improved from 18.3% to 59.6% for the comparable third quarters and from 20.1% to
53.1% for the comparable nine month period.

Services revenues decreased 13.3% for the comparable third quarters and 6.2% for
the comparable nine month periods.  These decreases were  principally the result
of decreased  revenues from hardware time and material billings and hardware and
software  maintenance  contracts.  Effective  August 1, 1995, two large hardware
maintenance  contracts  did not renew,  based on customer  decisions  to do self
maintenance.  This was the primary reason for the drop in services revenues from
the first to the second and from the second to the third  quarter of this fiscal
year.  The  Company  has  recently  hired a National  Sales  Manager to head the
marketing and sales effort for the services  business.  Focus is being placed on
direct sales of service  contracts  to prospects  with large local and wide area
networks.  Current expectations are that services revenues will stabilize in the
fourth quarter.  Margins on services revenues decreased for the comparable third
quarters and nine month periods as the cost of providing services remained about
the same on lower service  revenues.  Savings in labor costs have been offset by
increased costs for parts utilized to maintain equipment.

Due to lower levels of revenues,  selling,  general, and administrative expenses
increased from 16.4% to 20.4% of total revenue for the  comparable  quarters and
from 17.2% to 19.4% for the  comparable  nine month  periods.  Expenditures  for
product  development  and  engineering,   before  taking  into  account  amounts
capitalized and amortized for software  production costs, were approximately the
same for the comparable periods.

                            -9-




<PAGE>   10

Interest  expense  decreased  from  1.7%  to  0.4%  of  total  revenues  for the
comparable  third quarters and remained the same at 1.5% for the comparable nine
month periods. This was the result of BIS Partners, L.P. cancellation of debt in
August 1995 which  eliminated the requirement to record any interest  expense on
this debt in the future.

The $282,000 of  extraordinary  gain (recorded in the second  quarter)  resulted
from an agreement with BIS to cancel $450,000 of its debt with the Company.  The
gain was computed by reducing the amount of debt recorded on the Company's books
to an amount equal to the total cash to be repaid to BIS for both  principal and
interest.  As a result,  all future payments on the current notes outstanding to
BIS will be recorded as a reduction in the debt balance with no interest expense
being recognized.  This had a favorable impact on interest expense in the second
and  third  quarters  and will  continue  to have a  favorable  impact in future
quarters.

No income  taxes were  recognized  in the  statements  of  operations  since the
Company has use of net operating loss carryforwards to offset any taxes.

A loss  before  extraordinary  item of $.06 per share was  incurred in the first
nine months of this year  compared to a loss of $.04 per share in the first nine
months of last year. The extraordinary gain amounted to $.04 per share resulting
in a net loss of $.02 per share  for the first  nine  months of this  year.  The
increase in the weighted  average  number of common shares  outstanding  for the
comparable  periods  resulted  primarily  from the issuance of 2,030,000  common
shares upon the conversion of the Company's  Series D preferred  stock which was
not included in the number of shares until the second quarter of last year.










                            -10-








<PAGE>   11



PART II.  OTHER INFORMATION


Item 6.           Exhibits and Reports on Form 8-K

          (a)     Exhibits:  27 Financial Data Schedule

          (b)     Reports on Form 8-K:  None
















                                -11-



<PAGE>   12



                                   SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.



                    BARRISTER INFORMATION SYSTEMS CORPORATION



Date:  February 12, 1996                      By: /S/ HENRY P. SEMMELHACK
                                                  -----------------------
                                                  Henry P. Semmelhack
                                                  President and
                                                  Chief Executive Officer




Date:  February 12, 1996                      By: /S/ RICHARD P. BEYER
                                                  --------------------
                                                  Richard P. Beyer
                                                  Vice President, Finance
                                                  (Principal Financial Officer)









                                -12-