Sentences with phrase «billable work»

"Billable work" refers to tasks or activities that can be charged to a client or customer for payment. It represents the work done by professionals or service providers that can be invoiced to the client as a bill for the service provided. Full definition
If you are already averaging seven hours of billable work in a day, you can not realistically expect to gain much more time no matter what you do.
A key finding of that was that the average lawyer was spending only two hours of an eight - hour day on billable work.
The best thing of all is when you can train clerks to do billable work, turning them from an expense into a small profit center.
In other words, if the attorney is taken away from billable work, that lost time is valued at what would have been earned, not at the attorney's pay rate.
Because our goal was to fill every possible minute with billable work, taking breaks wasn't always looked upon positively.
They're expected to generate billable work with 90 % of their time while slowly learning how to produce that work in the other 10 %.
It's bound to increase the amount of billable work lawyers in private practice have.
They made no agreement with the shop to sign this document, only to pay for whatever billable work you did.
«I think it's realistic for some folks because they do a job where it's almost entirely billable work,» he adds.
Reducing the amount of time spent on legal research and converting that time to higher - value billable work creates the opportunity for a net increase in revenue.
Of course, the total quantity of billable work going through all legal AI systems is still very small on a global level.
Lawyers need to find new clients more efficiently so that they can spend less time on business development and more time on billable work.
What's happening is you're taking them away from billable work, which, in many cases, directly ties to their compensation.
There is nothing quite like receiving a bill from a lawyer for less than an hour of billable work.
As a result, several attorneys who served that client were not fully occupied with billable work.
On the other hand, it's nonetheless true the Court has also provided more billable work for lawyers, which at least some us here will consider a «good thing».
Martyn Prowel has paved the way for many other legal firms facing the same challenges, and believes using the speech recognition software in this way will continue to improve productivity and create more time for billable work across the company.
87: Because Skadden counts pro bono work as billable work in UNLIMITED quantities.
Determine how much billable work you would need each month to make ends meet.
A few interviewees opined that «it would be nice for more to count toward the target, as it's the easiest way to make up hours when billable work is slow,» but realized «there needs to be a limit or people would start to avoid paying work!»
Although a 1.76 hour billable work day may bring to mind visions of a lawyer bogged down nights and weekends tending to administrivia (that could otherwise be delegated), that same number just as easily evokes an image of highly efficient practitioner who delegates work to associates or through outsourcing and earns a profit off the work that they're doing.
On this foundation, it will be easier for the participating firm to bid for and win more billable work in 2018.»
Billing expectations can weigh heavily on any attorney, but they can be especially cumbersome for someone who has been told that their top priority is to find a new position — even as their workday is filled with billable work demands.
If one firm values non-billable time more than the other, it makes it more difficult to engage colleagues to develop relationships with new colleagues beyond billable work, or engage with initiatives designed to create a new working culture.
Granted, some of the folks in this sample may only want to work part - time, but that's still a pretty staggering figure — even the half - timers are only doing billable work half the time.
On the other hand, attorneys producing significant billable work and also performing administrative duties should justly receive additional compensation for those duties.
Scale that across a whole year, for a whole firm, and you have a lot of additional billable work that might be lost if lawyers have to «guess - timate» their mobile work time, often without the ability to create accurate narratives around what they're doing via a device.
British firms have seemed to, in general, «chinned themselves» on the concept of indirectly billable work.
Better, you won't need to reconstruct your time entries later, wasting billable time and invariably leaving billable work unrecorded (and unbillable).
It's easy to fall into a trap thinking the firm will save money by taking on do - it - yourself projects (e.g. building your own website or doing all the accounting billing work yourself, etc.) To the contrary, there are numerous studies that show these tasks take attorneys away from their actual billable work and end up costing the firm more money in the end.
There ought to be myriad new roles for lawyers along these lines, and it's a good thing too, because the kind of basic billable work on which many traditional law practices have long depended is already being streamlined by better workflow procedures and redirected to advanced software.
The goal of a revenue - neutral associate program should be that at the end of the designated period — two to four years — the new lawyer has been rigorously and professionally educated, mentored, trained, and skilled to such an extent that he or she can deliver real (if not extraordinary) value to the firm and its clients — and that in doing so, the lawyer has undertaken enough billable work to help cover his or her training costs for that period.
Areas to scrutinize include partner and associate billable effort, e.g., are partners pushing work down and is there sufficient billable work to keep all timekeepers fully occupied to meet target performance levels, and distribution of work among practice group associates, are there imbalances that are inadvertent or intentional.
I've already done more talking to myself, on THE COURT, than I'd have preferred to, and now I have to do other things, billable work not the least of it.
It then alerts the attorney of potentially billable work, even if the attorney forgets to set his or her timer.
Over the years I've seen a range of studies by research organizations (such as BTI and Brewer Research) that calculated the benefits of various marketing and BD programs based on conversion (translation into billable work) and value (return v. expense).
The more we can raise the leverage ratio such that non-partners are doing more billable work relative to partners, the more we can reduce operating costs and improve the firm's profitability.»
Managed 4 technicians and responsible for obtaining at least 40 hours of billable work per tech.
«A higher percentage of billable work orders in fact gets billed.
Perform other duties or tasks as assigned or requested (as needed) by the Office Manager, attorneys, or Practice Group Leader, such as performing billable work (if qualified and if requested on an as - needed basis) and other related tasks.
A typical success strategy that frequently expires sometime after your first few years of call is the «head down and focus on billable work» strategy.
The answer is to start using case management software, like PracticePanther, to easily automate many of the menial tasks that take away time from billable work.
Perhaps the most popular feature of the PU curriculum is that first - years are allowed to bill 150 hours of the training as billable work.
Unhappy with more traditional document management solutions on the market, Kevin and I realized that such products would never truly be effective in a law firm because lawyers will always focus on providing clients with quality counsel and securing and generating billable work.
For example, a law firm can figure out how much billable work is currently being done by partners, then run an analysis to see how much of that could be performed by lower - cost non-partner lawyers instead, and reassign the workload accordingly.
At the same time, many law firms recognize that the decline in demand for billable work is probably permanent, and that they can no longer sustain large rosters of full - time lawyers to be leveraged.

Phrases with «billable work»

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