Since corporations operate as cost centers, the emphasis is not
on billing hours, although some corporations require legal personnel to track their hours for a number of purposes.
From an administrative perspective, the dashboard allows managers to quickly and easily
compare billed hours to the amount of revenue collected.
Just because you are working on a client's file and
billing hours does not necessarily mean that you are providing high quality client service or satisfying your clients.
He's been too
busy billing hours (even though I've told him it's time to move past the billable hour model — but one thing at a time).
A reduced learning curve requires fewer write - offs
of billed hours and electronic legal research charges — and an improved bottom line for the firm.
Since corporate legal departments are not focused
on billing hours and raising revenue, in - house legal staff, on the whole, work fewer hours than law firm employees.
At any given time, 100 % of the shares are outstanding, and also assume that partners earn their shares over time
by billing hours, bringing in clients who produce billable hours for others, etc..
Examples of goals could be: (i) increase the number of clients on my books by 10 %; (ii) increase my active existing client base by 15 %; (iii) increase my
annual billing hours by 10 %; (iv) increase my average hourly billing rate by 10 %; and (v) improve my hours per client billed by 10 %.
The profession is less co-operative, given that lawyers can not
bill hours spent helping colleagues with their respective files.
In my experience, many lawyers confuse «serving clients»
with billing hours on client files.
Recently installed chair Bradley Butwin says the strong financial performance was the product of rising demand for litigation and transactional work, improved efficiency in handling alternative fee arrangements, and a surge
in billed hours among firm lawyers.
Law firm lawyers use the term «productivity» — matter - of - factly — to describe the 1800, 2400, or 2600 annual
billed hours ascribed to an attorney.
They
keep billing hours and, with proper guidance, grow into productive partners who bring in fee - paying clients.
It is common in the legal profession to
bill hours worked by way of dockets in 6 minute intervals of time.
With less legal work available for meeting their predetermined productivity requirements — usually 2,000 or
more billed hours per year — many lawyers face a delayed, more difficult path to equity partnership in their firm.
That may determine whether you are actually owed any monies for the notice period — i.e. they could give you 3 days notice for which they didn't authorize you to
bill any hours anyway.
The average lawyer charges $ 540 an hour, and often they round up to get the maximum number
of billing hours they can.
Firm managers can also quickly
compare billed hours to the amount of revenue that's been collected and track their...
I think so often metrics in the law firm library circle around things like number of reference requests, docketed /
billed hours spent, and budget targets; it is good to learn about alternatives that provide more value for measuring performance.
If you do beleive that you would have been authorized to
bill hours doing the 3 day notice period, you may be able to take them to small claims court.
For a lawyer who survives
by billing hours, taking significant time off to recharge can create its own stress.
Which is why I was so disillusioned by the practice of law when I went to work for the big law firm where the focus was not so much on making a difference as
on billing hours and form documents.
A good patent attorney will help you understand how
he bills his hours so that you can communicate efficiently.
Obama rejected
the bill hours after it was sent to the White House.
Problem is, you still have to
bill those hours.
A partner in her firm, who was part of her Facebook network, was spurred by the whining to check the associate's
billing hours.
And so he goes through this notion that there's four areas to think about, which he calls the old law, which is sort of
the billing hours.
One way to maximize
your billing hours is to delegate other, non-billable tasks to clerical or administrative staff.
My favorite is «
Bill Those Hours,» to the music of Jingle Bells.
Secretaries typically have attributes that make them ideal KM players: excellent attention to detail, compliance with defined business processes, and the absence of pressure to
bill hours.
Then: only about 85 % of
billed hours are actually collected.
126 Gallagher, supra note 114 at 329 concludes that «even in firms that discuss ethics and professionalism, the over-riding ethos is
billing hours, pleasing powerful partners, and keeping clients happy».
This post from the WSJ Law Blog cites an April survey by legal consulting group Altman Weil that found that GCs aren't too happy about associate salary increases — which will put more pressure on associates to
bill hours to justify the increases.
«That allows the team to start tracking
their billed hours immediately.
Sam Glover: Yeah, but then I do think that it raises the interesting question of do you get to
bill an hour or 45 minutes for listening to a deposition for 30 minutes if you've overclocked it?
Nor have they learned about collaboration, leadership, financial fluency, or other skills at law school or on the job where they are consumed by
billing hours and making a living.»
Lawyers can't afford to just focus on the day to day practice of law and
billing hours.