Sentences with phrase «reduce billable»

Brought the majority of formerly outsourced recruiting functions in - house to reduce billable hours from 200 + to less than 15 per month.

Brought the majority of formerly outsourced recruiting functions in - house to reduce billable hours.

«It goes beyond «How do we reduce billable hour to X.» That isn't rocket science; that's not the magic,» says Cullen.

When a firm's profitability depends on maximizing the hours billed, then greater efficiencies (which may reduce billable hours) cut into the firm's profits.

However, if the firm has no way to bill a client except through billable time and if automation reduces billable time, then the hardware, software, and configuration costs become net losses to the firm, with no increase in profitability.

In essence, these vendors are trying to sell something that at least in the short run, reduces billable hours and revenue.

Retiring partners need to be motivated to (1) spending their time transitioning clients to other members of the firm, (2) providing greater opportunities for others to develop working relationships with clients to be transitioned and (3) over time, reducing the billable hours of retiring partners as they move towards retirement, without being penalized from a compensation standpoint.

Attorneys who work 60 % or 80 % time are eligible for partnership; family and medical leaves come with reduced billable - hour targets (but full bonuses).

As a result, using technology may mean less need for staff and reduced billable hours.

Yet, on service delivery innovations that are directed at reducing billable hours and overall cost, such as automation and process, we see a lot less activity.

Not exact matches

Economic pressures to reduce legal costs is the primary force behind a growing number of firms moving away from the billable - hours model to new alternative billing models such as fixed, flat, blended or capped fees.

It's very new ground, so if I build an app and a wearable device that if I use, I'll monitor my diet better and, therefore, I'll reduce my carbohydrate intake and diabetes will improve, getting our insurance carriers to accept paying for that app or service as a billable thing is non-trivial.

(All LittleBigPlanet PSP billable level kits are now reduced permanently to # 0.79 / $ 0.99) Spring Offers (PS3 & PSP)

Biglaw tries, of course, reducing associates to billable - hours machines.

DLA has reduced the amount of billable hours required to earn extra cash, down from 1,650 hours per year to 1,550.

Reduce time spent on pre-screening activities while achieving better results, freeing up your staff for more billable work.

Document automation can help firms meet many of these new requirements, allowing them to reduce their reliance on the billable hour and pass on significant savings and efficiencies to their clients, all while maintaining or even increasing firm profitability.

Traditional management skills focus on concrete, and sometimes creative ways to: (1) create leverage, (2) raise billing rate, (3) create more billable hours, (4) reduce expenses, and (5) make operations more efficient and therefore more economical.

Reduced hour associates at her firm remain on partnership track, and are allowed to pick their own billable hour targets and compensation levels.

Diligen helps firms show their customers that they are trimming the fat on monthly billable hours by reducing time spent on due diligence and contract review.

Here are some ways you can get the most out of your day while reducing non-billable and wasteful time, allowing you to increase your billable hours.

Our main goal is to improve efficiency, increase billables, reduce operational costs, and maximize profits for your practice, whether you are a solo practitioner, midsize or large practice, or even the legal department of a company.

For those of you out there who lament that maintaining your own content will reduce your amount of billables: I commiserate.

Listening to law practice guru Ed Poll's excellent webinar (sponsored by Lisa Solomon), I was reminded that IT is costly but at the same time, it reduces the amount of time that lawyers require to perform a task, thereby decreasing billable hours.

Successful law firms have sound billing practices that reduce their leakage — the billable time and costs that remain unbilled to clients.

In theory, the firm would use its retained earnings (monies left over after payment of salaries and other expenses) to invest in innovations that re-invent how services are delivered (taking off the pressure lawyers have to chase billable hours), which in turn would reduce prices — or the firm would invest in legal services that can be done without lawyers, thereby creating an additional income stream.

Michelle: The moment they ask and that then when they did eventually decide to go ahead and go to a reduced hour schedule, that they ended up getting their billable hour and their pay level did not meet, as in the billable hour was let's say 85 % but the pay was 75 %.

But, use of advanced technology and a novel firm structure created by experienced counsel can GREATLY reduce the need for high billable rates as a result of lower overhead and the lack of a partner pyramid structure (see http://www.anticipatelaw.com as but one example).

Firm and billing technology can help with this by reducing the non - billable time and increasing utilization, realization and collections rates.

We can propose improvements to free partner non-billable time for billable work, enable junior lawyers to take on more senior work (greater leverage), improve lawyer efficiency to reduce soft write - offs and hard write - downs and improve efficiency of fixed - fee matters.

Finally, we make the billable hour more affordable by reducing our minimum increments to 3 minutes, instead of the industry - average 6 minutes.

In this example, Partner1 is planning to reduce his workload by 25 % (indicated in the work - life timeline), which creates the need for 450 additional billable hours (see chart above).

Keith realizes that greater efficiency would not reduce revenues, even with the billable hour model that his firm has still largely been able to maintain.

There are a number of different ways that we can retool our practices to reduce our reliance on the billable hour while still making a living.

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.

To this end, the students have outlined goals that include: (1) Taking concrete steps towards a transactional billing system; (2) Reducing maximum billable - hour expectations for partnership; (3) Implementing balanced hours policies that work; and (4) Making work expectations clear.

The 2008 recession was quite impactful, as clients began pushing back on the rapidly rising billable hour rates, and to maintain profit margins, Law firms reacted by reducing their operating costs where possible, in part to retain and attract talent.

The pressure for lawyers to maximise the amount of billable hours they can charge to a client effectively discourages lawyers to complete work in a more efficient manner and to find ways to reduce the time work processes take.

Reducing the amount of time spent on legal research and converting that time to higher - value billable work creates the opportunity for a net increase in revenue.

Their salaries will be reduced during that time (as will their billing rates for any work they do that is billed to a client), but they will also have no billable hour expectation.

During the years preceding retirement, a retiring partner may wish to gradually reduce the number of billable hours that he or she spends on client work.

Time devoted by lawyer management is frequently acknowledged by (1) reducing the targeted billable hour goals for managers, i.e., lawyers with heavy management responsibilities should be given lower billable hour goals without worrying about taking a compensation hit, and (2) paying a fixed stipend for certain management roles.

ROSS may also be able to reduce the number of billable hours spent research a file since it is able to quickly parse through vast amounts of information.

When asked what they considered a reasonable «work less for less pay» arrangement, attorneys suggested a reduced workload of either 1600 or 1800 billable hours, a nine - to - five job on weekdays without regard to billable hours, or three - day or four - day weeks.

A great example are firms like Ford & Harrison in Atlanta and Strasburger & Price in Dallas, which are reducing or eliminating billable - hour requirements for new associates and replacing those quotas with structured training and mentoring.

Reduce firm salaries and billable hours requirements by half, across the board, while at the same time doubling salaries for public defenders, legal aid attorneys, non-profit attorneys and all other «public interest» practitioners.

Flextime, telecommuting and reduced - billable - hour schedules are supported by a network of sponsors, mentors and administrators; special subcommittees tackle work life issues.

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.

But even reducing the number of billable hours spent on low - value work can prove profitable.

We hate reducing our relationship with our clients to billable units but are nervous about changing our billing model.