My suggestion to you, given our focus on improving law
firm billing operations and given these predictions for 2018, is to do three simple things:
Not exact matches
Laura Curran, the Democrat running for Nassau County executive against Republican Jack Martins, has hired the same team behind NYC Mayor
Bill de Blasio's campaign
operation: consulting
firm BerlinRosen and ad company AKPD Message + Media.
He has hired Bedford Grove, a national fund - raising
firm, to manage his money
operations, and has brought in Jesse Campoamor, a former 1199 SEIU and campaign operative for Mayor
Bill de Blasio, as his campaign manager.
Beyond practices, smart contracts, and
billing, there are many more avenues where blockchain technology might someday aid law
firms in managing their internal
operations.
Some of the services I provide include: Individual Coaching Assessments and Surveys Procedure and Systems Analysis and Creation Business Planning and Business Development I also do workshops and presentations for law
firms, bar associations and other lawyer's groups on topics including: time management, legal marketing basics, law
firm operations,
billing practices and
billing alternatives, targeting your ideal clients, and other practice management and business development issues.
In addition to actively representing a diverse group of clients,
Bill assumed a lead role in the law
firm's
operations and management for more than two decades.
Firms confront a number of client challenges: (1) dissatisfaction and failure to address it; (2) insufficient knowledge of the client's business; (3) high, unpredictable cost; (4) inefficiency and an economic model that «applies brute force» (read: lots of high - priced lawyers
billing loads of hours) accompanied by a failure to assess appropriate value to task / cases from the client perspective; (5) failure to deploy technology to streamline
operations and provide enterprise solutions; (6) an absence of process and project management; (7) a transactional approach to client matters rather than one that provides enterprise solutions; and (8) poor customer service.
The other thing that's a little bit hard about online invoicing is that if you don't have the support to do payment plans or recurring
billing on your own, then that's a very labor intensive
operation that law
firms have to deal with that can be operationally prohibitive.
«The problem for many transactional lawyers is that so much of the economics of a big law
firm are based on an unrealistic number of hours that need to be
billed simply to sustain a robust, profitable
operation.
Second, I'll offer some practical tips based on what we've seen as we've helped law
firms with their
billing operations.
Whether you're a current eBillingHub user, looking to implement an e-
billing solution for your
firm, or just want to explore e-
billing best practices and ways to improve your
firm's
billing operations, you'll find value in attending an eBillingHub thought leadership webinar.
BENEFITS: • Improves control over law
firm bill review process, including ability to identify trends and gain deeper visibility into law
firm spending • Achieves 100 % paperless
billing process with law
firms, which supports corporate objective of environmental sustainability in business
operations • Enables easy collaboration with colleagues inside the company, regardless of where they are located and whether they are travelling • Standardized coding and processing of law
firm invoices produces tremendous efficiency gains for legal department • Robust reporting tools allow quick analysis of monthly legal budget across practice areas, easy tracking of matters and more precise assessment of spending by law
firm
We occasionally see law
firm leaders think of their
billing and invoicing
operations as more of a back - office kind of function.
The quality of the
billing operation, via the invoice, is more customer - facing than any other
operation in the law
firm.
Our business, of course, deals with something pretty critical to all law
firm operations —
billing and money.
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Ways to charge clients beyond the traditional hourly
billing approach have become part of the continuing evolution of how law
firms manage their
operations.
Our legal
billing and accounting software simplifies
operations in every department in your
firm — even if you are a solo attorney who handles every job yourself.
With 3E Invoice Management, you can easily configure
billing processes to match the way your
firm works so you can streamline your
billing operations for a stronger bottom line.
She has a list of significant accomplishments in
billing - related issues and practice support initiatives increasing efficiency and productivity of business
operations for law
firms.
Law
firms who outsource some, or all, of their accounting and
billing operations are able to save money, obtain substantially better financial information, and utilize
firm leadership time and energy on more profitable pursuits like client service and attracting new clients.
Back in the United States, the State of Wyoming, long a pro business state is becoming proactive in attracting crypto companies by passing a series of
bills that not only exempt
firms from property taxes (mining
operations) but make utility tokens exempt from securities laws and exchanges exempt from the Wyoming Money Transmitter Act.
Managed all business
operations of the cosmetic
firm such as
billing, orders placed, client contact database, supplies and stock.
Implemented a new IT system, which transformed
billing accuracy and dramatically reduced man - hours relating to filing by converting the
firm to a paperless
operation.
Accounting and Financial Administration Professional — Duties & Responsibilities Develop and maintain a strong and extensive working knowledge of various accounting principles, regulations, tax codes, and applications, continuously applying changes to accounting landscape to current responsibilities Apply various accounting rules and procedures to critical tasks, including the review and approval of journal entries, data and financial reconciliations, balance sheet and income statement accounting, cash flow analyses, account collections, capital utilization and on - going budgetary considerations Provide relevant oversight and administration to all aspects of business finance, including
billing and collections, payroll execution, vendor relationships, payroll and salary management, and other pertinent functions Perform regular book reconciliations and variance resolutions to ensure audit - ready financials and provide continuous relevant insight into the financial health of the company, in both a regular and ad - hoc manner, to company management Manage important and sensitive financial documents, receipts, and invoices on a daily basis, providing organization for audit assistance and execution as well as compliance with various accounting standards Perform analysis, research and evaluation of current accounting policies and procedures, implementing change where necessary to drive corporate efficiency, manage costs and drive revenue Facilitate the efficiency and implementation of all accounting
operations from concept to execution, while coordinating actions on all daily operational and logistical aspects from corporate financial management to payroll Utilize technological resources, including software and accounting applications, to track all aspects of
firm accounting and financial
operations as well as prepare important and sensitive tax documents related to all aspects of organizational
operations Collaborate with respect to effective communication between all departments and coordinate all daily business
operations with other leadership staff and other personnel Work closely with and support senior - level management in budgeting and corporate planning strategies Address client, vendor, and management queries, resolving them in an expedited manner Assist management with various other duties as assigned to facilitate efficient administration and
operations, making appropriate and effective recommendations with respect to performance optimization