Sentences with phrase «generate billable»

Both aim to reduce the steep learning curve that new lawyers have always had to climb, making them readier to serve clients and generate billable work than they otherwise would be.

Associates participating in the Howrey program are still expected to generate billable hours, though the requirements are reduced to 700 hours in their first year.

On the plus side, he generated billable hours for his fellow lawyers, who crafted CYA tweets for Trump this morning.

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.

Not exact matches

As Dr. Gunther Klaus, the famed management speaker tells us, the second most valuable thing anyone can do with their time is to invest in marketing efforts that will generate more future billable hours related to their most valuable skill.

Everything else — even if it's some form of billable, output - generating activity — passion projects are not «work.»

In the land of billable hours, I'm sure a lot of good ideas may get tossed in the trash because they won't generate enough revenue agency side.

There, you'll see all the revenue generated in a defined period, track unpaid invoice amounts, and monitor billable hours you have yet to invoice.

Others try to award some measurable amount of billable credit for team efforts — only to find that valuing these efforts generates a never - ending maze of valuations and credit awards for an overly broad range of contributions.

The firm must recognize the partners who have significant billable hours, to acknowledge and reward partners who have developed a reputation or skill level to better service clients, to set a formula which recognizes and rewards marketing efforts, as well as billable hours, and to look at an analysis of profitability in the type of work being generated by particular partners.

The fact is, most law students have no idea how to even start the process of obtaining a legal job they will actually enjoy and the majority of law firm associates quickly discover that generating high billables and collections isn't what is going to put them on a solid path to partnership.

Partners who do not generate much of their own business, but have high billable hours, obviously promote a system based upon billable hours only.

At the same time, firms face greater costs when they take contingency cases because the firm must «carry» those lawyers handling the matter and, therefore, are not generating the same number of billable hours.

So if you think about the eight hours of a workable day at the top of the funnel or 10 hours or 12 hours, whatever your workday happens to be, the next step down in that funnel is your utilization rate which is how much billable time you're actually generating.

Creating a knowledge bank that generates automated forms does not work under the billable hour because the billable hour fails to capture value.

At Elliott Greenleaf, that reality evolved into a radical plan to generate fewer billable hours for clients, but with better value.

So, given my assertion that the billable hour is here to stay in litigation and insurance defense (insurance defense generates $ 30 billion in legal fees annually by the way), let me turn to the interesting article that got me thinking about this topic.

If we are in a situation where we must write off $ 12.5 million as unbillable — say a litigation that was contingent, a client that failed or a deal that didn't close — we still spent the money to generate those lost billable hours.

A dashboard shows each campaign, the associated billable revenue, and leads generated by the unique phone number.

Clients, on the other hand, say they don't want to accept fixed fees because they figure that the lawyer, always having his or her own financial interests uppermost in mind, would only offer an AFA if it was guaranteed to produce more revenue than the billable - hour model would have generated; if the lawyer wants it, it must be bad for the client.

Since he started using Clio, Doug logs all of his billable work and expenses in Clio, so that he can generate invoices quickly.

Case management, on the other hand, is mostly focused on managing your calendar & appointments, storing documents, tracking your billable time, and generating bills and invoices.

I find that this makes me a better lawyer — it makes me less worried about generating as much work as possible in the form of billable hours, and more focused on getting the work done efficiently and effectively.

What if, instead of demanding more billable hours, we shifted our focus instead to how to generate more profits with potentially fewer hours?

No crisis, no sin, no crime fails to generate more billable hours for the compliance crowd.

It locates billable time and then generates a report that includes the client's name, the type of communication, the length of time spent on the communication, and the dollar value of that time.

The associates, however, will earn significantly less than the partner while generating the huge profits necessary to pay the partner's salary, regardless of the partner's own billable hours.

It also speeds document creation and tracking, monitors the results of your marketing, records and tracks your calls, generates more referrals, includes team calendars, and tracks billable hours.

Most firms that place a premium on revenue from partners» personal production find that partners tend to hold their client relationships too close to their vests; they frequently hoard client work rather than spread it around to other partners — because the former wants to receive full credit; partners perform work that could be performed by associates because the former wants to receive full credit; partners do billable work when their higher and better use for the law firm is to generate additional business from existing and potential clients; and lawyers may perform work outside of their principle areas of expertise that others in the firm could perform more effectively and efficiently.

Contrast this with over-billing a client on a single matter, generating short - term billable hours and high profit, but resulting in client defection and constant utilization peaks and valleys.

Once the task is complete, stop the timer and generate an invoice for that billable time.

There are way too many links to articles that discuss the evil of the billable hour and the persistent of lawyers to seed Fear, Uncertainty and Doubt (FUD) to generate more revenue.

For a solo freelancer, you may also want to take advantage of Hiveage's time tracker feature, which lets you track your work in real time, set billable rates and generate invoices using your hourly rate information.

• Demonstrated ability to prepare and revise legal correspondence and memos • Focused on handling highly confidential information with discretion and integrity • Committed to organizing and prioritizing cases according to their nature of urgency • Adept at handling research work using legal references and Internet resources • Particularly effective in maintaining attorneys» schedules and handling appointments • Familiar with court rules and filing procedures and making service on opposing parties • Proficient in using online services such as Westlaw and Lexis for legal research information • Documented success in generating revenue by documenting and inputting attorney's billable time and reimbursable expenses • Strong organizational skills aimed at ensuring that clerical and administrative support is constantly available to attorneys • Qualified to dig out precedence information and assist in building up cases • Expert user of Power Point, Word and Excel to assist in creating presentations, handling correspondence needs and developing spreadsheets • Exceptional knowledge of using email applications to correspond with clients and ability to type 90 words per minute

Analyst, M&A Practice — Arthur Andersen, LLP Mar. 2000 — Aug. 2000 Responsible for generating revenue (billable hours) for the Mergers & Acquisitions practice.