Sentences with phrase «law firm billing»

This level of law firm billing software is invaluable to keeping clients informed and confidently paying for your legal services.

This begs the question, why do so many law firms bill by the hour?

For example, there are plenty of things lawyers would change about law firm billing.

It's no secret that many law firms bill clients as much as they reasonably can for services.

In my experience, most law firms bill monthly and the timing differences are less of a problem.

Attorneys use law firm billing software to streamline office administration activities, improve billing efficiency and free up time to focus on the practice of law.

A comprehensive law firm billing software system should provide much more than simplified legal billing services.

Methods for conducting conflict checks are as varied as law firm billing structures.

I am, however, familiar with law firm bills.

Traditional law firm billing has become a tedious and dreaded process.

Based on this information you should be in a position to shop for the best law firm billing software for your practice.

Clients will benefit from a unique task - based user experience, enhanced invoice review, powerful analytics, intelligent reports and actionable visibility into law firm billing performance.

Readers of this blog seem prefer posts about two things: law firm billing metrics and industry studies.

Not only are properly prepared invoices using quality law firm billing software great communication tools, they inspire confidence and loyalty.

To be sure, technology has swept some items off law firm bills entirely.

Partners and administrators can easily find common ground in the desire to improve the efficiency of law firm billing.

But wait, you say, you are using law firm billing software.

----------------------------------- Also see this related content What are the Going Law Firm Billing Rates by Practice Area?

Corporate counsel are the target audience for Legal Decoder, a product launched last October that promises to identify inefficiencies in law firm billing by using data analytics to «decode» law firm invoices.

Based on independent law firm billing surveys, Leon found that both firms charged «reasonable» rates.

Rose law firm billing records that were subpoenaed and «went missing» for years until they magically turned up in the White House sitting room, I believe.

If you enjoyed this post, you might also like: Power Interview: Tips and Techniques for Law Firm Billing Software

Many lawyers seemingly agree with Mr. Saul's sentiment given a survey of small law firm billing processes found more than 80 % of respondents citing client financial hardship as the primary culprit behind past due legal bills.

Note that both Thomson Reuters and LexisNexis similarly aggregate law firm billing data through their products Peer Monitor and LexisNexis Counsel Benchmarking, as I wrote about in this 2014 ABA Journal article.

As the article describes, clients» desires have always driven law firm billing practices.

---------------------------- Related content: What are the Going Law Firm Billing Rates by Practice Area?

Examples of this «zero sum game» include hourly rates being either two high for the client's budget or too low for the firm's profitability, law firms billing more hours than necessary while clients expect fewer hours than is feasible and the belief by the firm that a client's legal misfortune is the firm's opportunity.

The prohibitive cost of Timeslips, along with other legacy law firm billing systems, is a constant complaint within the legal community.

As I noted in my post yesterday, both Thomson Reuters and LexisNexis similarly aggregate law firm billing data through their products Peer Monitor and LexisNexis Counsel Benchmarking, as I discussed in this 2014 ABA Journal article.

TimeSolv law firm billing software helps your firm lower its monthly expenses and hold on to its profits.

The prohibitive cost of Timeslips, along with other legacy law firm billing systems,...

Recording time spent of behalf of clients was originally supposed to help law firms bill clients and allocate resources more intelligently.

The September issue of The American Lawyer offers a preview of the Real Rate Report, a study produced by CT TyMetrix, Inc., a company that audits law firm bills, and The Corporate Executive Board Company, a company that provides best practices research and analysis.

We also launched two new products: Cael BillPrep to streamline law firm billing compliance to meet outside counsel guidelines and Cael Verify to verify statements and facts in market - sensitive documents.

The report found law firm billings for merger and acquisition (M&A) related work spiked in 2013 by 77 percent.

3 Apr. 13, 2015)(published), the ACLU sought law firm billing records (mainly invoices) sent by counsel to Los Angeles County in several excessive force jail inmate cases.

Given that law firm billing staffs are already oversaturated with different platforms they have to submit invoices to, they're unlikely to be thrilled about adding another platform to their docket.

The article quotes two experts who offered their explanations behind law firm bill padding: professor Stephen Gillers, who states that «there is a general consensus that billing fraud has increased» as law firms seek to increase profits and attract top lawyers,» and professor William Ross, who opines:

A survey LexisNexis previous conducted of 309 small law firms found that law firm billing requires eight hours of work per month.

A typical law firm bill in January 2011 will generate the same dollars for partner work as it does today, but it will generate half the revenue for associate work.

According to a recent law firm billing survey we conducted:

Bridgesmith, who practiced in the original law firm billing time model, has spent decades trying to improve lawyer productivity by implementing innovative workplace strategies to help lawyers better manage their time and practice.

Considering that many clients let law firms bill them for paralegal time, law firms are not going to replace them with robots voluntarily, unless their clients start paying them for robot - time.

Although law firm billing software like CosmoLex takes the place of a lot of old paper - based billing, there are always going to be times you need to print paper checks.

The topic of law firm billing continued to earn reader attention in October and a piece we curated with tips for law firms on improving the process was well received.

2014 December «Law Firm Billing Gets Smart With Tech» by Sean Doherty (Law Technology News) >> READ ARTICLE

Not only do you need law firm billing software that can easily charge multiple rates for each timekeeper, but you should be able to set rates at the matter level so attorneys don't have to struggle to remember this account is on the old rates, and that account gets a 20 % discount.