Not exact matches
Reduce time
spent on pre-screening activities while achieving better results, freeing up your staff for more
billable work.
Just a few of their efforts and costs are: having attorneys and legal staff
spend billable time
on the non-
billable hiring process; your salary and benefits; payment to a legal recruiter (if you're using a headhunter); and the costs of training you (again, this takes considerable time away from your bosses»
billable work).
If you're finding that you're
spending more time
on administrative tasks than
on billable work (as, according to the 2017 Legal Trends Report, many lawyers are), it may be time to hire a paralegal or legal assistant, or to use technology to make some of your administrative tasks more efficient.
Accurate time tracking of
billable hours and time
spent working on legal tasks will help you set firm and realistic
billable goals.
In fact, some partners may actively discourage associates from
spending time
on business development activities, if that takes any time away from doing
billable legal
work.
Friction also develops if the management and administrative duties are not shared evenly, because time
spent on such duties takes away from time available for
billable work or business generation.
How much of that time could you realistically
spend doing
billable legal
work,
on average?
Many lawyers
spend their
billable time
on mind - numbing busywork, only some of which is actually necessary»; and the ACC are fully backing corporate counsels» right to contest the
work of their outside counsel.
A key finding of that was that the average lawyer was
spending only two hours of an eight - hour day
on billable work.
The emphasis which the
billable hours system places
on the quantity of time which lawyers must
spend working has been attributed as one of the leading causes of stress, anxiety and depression amongst lawyers.
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.
This solution is addressing some serious pain points for medium size firms such as a high amount of time
spent on non-
billable work and difficulties in maintaining a client base that can support their
billable targets.
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.
With InvoicePrep
on your team, billing partners
spend less time
on pre-billing and more time
on billable work — up to 75 % more!
With this mentality, since all time is potentially
billable, and maximizing income requires
working as much time as possible, time
spent on non-compensable
work is disfavored, and any time
spent not
working is deemed trivial and a sign of laziness or lack of commitment.
If you're
working with an internal legal team, you'll see an increase in their output — because they'll be
spending less time
on time - consuming tasks involved in the contracts process; and, if you're
working with an external legal team, you'll see savings reflected in the number of
billable hours they
spend on your
work.
To accommodate time - sensitive
work going
on in their departments, they
spend their presumed job search time consumed by
billable hours.
But even reducing the number of
billable hours
spent on low - value
work can prove profitable.