Two of the most common struggles with any law firm, regardless of the size, is
capturing billable time and getting bills out in a timely fashion.
Through interviews and site visits, Byrd noticed that firms were often using unreliable methods for
capturing billable time.
«Our goal is to eliminate the pain and frustration for attorneys associated with logging time, which saves the firm money by decreasing administrative costs and increasing revenue by
capturing billable time that was previously lost,» Volm said.
Another consideration: attorneys may not be sufficiently recording and
capturing their billable time.
In terms of
capturing billable time entries, it is my favorite of the three programs I tested.
A built - in timer and intuitively designed screens quickly
capture billable time and expenses.
Capture Every Billable Hour — Before you begin working on managing your time more efficiently and increasing your billable hours, you should first focus on collecting, documenting and invoicing the hours you're already expending.
Capture every billable hour and expense with ease.
If you have trouble remembering to
capture billable time, for example, don't think «I need to be better at that».
You can
capture both billable and non-billable time and track internal non-client time.
In general, it's incredibly easy to
capture billable entries directly from your calendar or tast list.
Capture billable and non-billable time for projects, phases, and tasks.
Capture your billable hours as they occur so you don't have to re-create them from memory (or lack thereof!)
Office Tools Professionals Practice Management software provides a time and billing solution that empowers you to
capture billable opportunities to help your business grow.
New software
captures billable hours The financial crisis of 2008 permanently changed the legal services industry.
Clio's mobile app lets
you capture every billable moment with a simple touch.
Now, I can be even more productive while I'm out of the office because iOrion lets
me capture billable time, access client contact information and review / edit time entries from anywhere.
Not exact matches
Whether
capturing more
billable time or identifying areas for improved practices, GhostPractice helps you drive your practice in the direction of being more efficient and more profitable.
Simplify time entry for your employees with mobile time tracking and
capture more
billable time.
He writes, «The fully - loaded hourly cost — which should
capture the total cost to the company of employing its lawyers — is what the lawyers would have to charge their clients for their equivalent of
billable work to cover all the department's costs.»
By contrast, a lawsuit about the disparate impacts of the
billable hour just might
capture law firms» attention.
«These mobile time - tracking tools make it possible to track your time and enter it contemporaneously, ensuring that you
capture — and charge for — all of your
billable time.»
You read that correctly: Applications designed to «
capture — and charge for — all of your
billable time» are an important part of what's considered «legal technology».
The
billable hour destroys innovation, it doesn't
capture value, it is a terrible measure of performance, and causes tension between clients and lawyers.
Creating a knowledge bank that generates automated forms does not work under the
billable hour because the
billable hour fails to
capture value.
Automatic, with no timers to start and stop, Time Miner
captures past calls and texts with clients, and produces a report on - demand that shows your
billable activity in terms of client, date and time, duration, and dollar value based on your hourly rate.
For starters, make sure to
capture all of your
billable time by using a time - tracking tool.
Understand the role you can play in making sure all
billable time is
captured, properly reviewed and discounts are minimized.
Whether
capturing more
billable time or identifying areas for improved practices, GhostPractice helps you drive your practice in the direction of being more efficient and profitable.
The idea behind this app is that, depending on your
billable hour, if you're able to
capture just a few tenths of an hour of
billable time each month that you would have otherwise missed, the app more than pays for itself.
Turn lost time into revenue with timekeeping tools such as automatic timer in time entry to help you
capture more
billable hours.
Sign up for a live demonstration of Rocket Matter, and see how your firm can
capture more
billable time like Broedlow Lewis LLP!
First, they explained how the time - tracking and billing software built into most practice management platforms can save you time and money by ensuring that you
capture and enter all
billable time into your firm's billing system.
In the legal industry, using software to «
capture — and charge for — all of your
billable time» amounts to a tech «innovation».
It described the latest and most advanced software for, «ensuring that you
capture — and charge for — all of your
billable time.»
Time that used to be lost is now
captured, and
billable.
Examples include: discounting fees, giving time away, not
capturing or accounting for
billable hours, and procrastination.
These observations, she adds, was the inspiration behind Money Finder, a feature in Firm Manager that helps attorneys
capture and uncover up to 40 % more of the
billable time that most attorneys miss.
Speaking of mobile devices, here's another problem: it's difficult to
capture the time lawyers use smartphones and tablets to perform
billable work.
The fully - loaded hourly cost — which should
capture the total cost to the company of employing its lawyers — is what the lawyers would have to charge their clients for their equivalent of
billable work to cover all the department's costs.
Simon Baun, Kammeradvokaten's Head of IT commented «Tikit Carpe Diem provides the firm's lawyers and staff with a next generation timekeeping platform that features responsive interface design, extends to any device platform allowing the firm to
capture more
billable hours, and is incredibly intuitive and easy to use.
Bill4Time «s mobile workflow not only saves time, but recovers lost revenue and
captures more
billable hours.
This integration can help solo and small firms
capture more
billable hours and take on larger cases.