MS-Word to LaTeX in general
There is quite a few Word to TeX converters out there but none of them worked well for my case. This is mainly because a load of spatial constraints imposed by Word making it difficult (though not entirely impossible) to reproduce in plain LaTeX generically.
For Journals
A big NO; it is not recommended you use Word to LaTeX converters for journal manuscript submission for the following reasons:
- Most journals usually have LaTeX templates with pre-coded class files and have a mandatory requirement to use the same.
- Tailoring a Word file to a LaTeX format for a specific journal is counter-intuitive. You would be spending more time on the presentation than the actual matter -- something that LaTeX was invented to prevent.
- It makes copy editing even more troublesome. The class files provided by the publishers would contain tools that would assist not only the author but also the publisher to add further information (such as volume and issue number). Automated converters usually don't use prescribed journal class files.
Points to note
It might be a bit difficult at first but as you practice more at it, you would certainly feel that it is much more rewarding and efficient to write your papers, reports, and thesis in LaTeX than Word.
Moreover, most of which you noted: journal format, table of contents, footnotes, margins, figures, equations and bibliography is much easier in LaTeX than in Word (IMHO).
This is from my first-hand experience and heard the same from nearly all of my colleagues who moved to LaTeX -- all of who had to switch to LaTeX from Word just because of a journal requirement.