Unfortunately, even with the best intentions (and the neatest of handwritten napkin notes), this can result in delayed entry and
unbilled hours.
In today's fast - paced world, manual time and expense tracking can become an afterthought, and often results in delayed entry and
unbilled hours.
The system will also flag
unbilled hours and unpaid invoices, ensuring that you're always collecting for the work you do.
Not exact matches
Set target
hours for performance of time tracked per user, break down how much time is spent hourly or
unbilled and see whether associates and staff are meeting their goals.
Blue Hill found in their 2014 report «Calculating the Value of Legal Research» that the typical litigation associate in the United States spends an average of «743.6
hours a year completing legal research, 26 % of which is written off as
unbilled or unpaid by clients.»
As part of this arrangement, the plaintiff elected to change his compensation from a base salary to an hourly compensation plan, where he would be paid a higher rate for each
hour billed to the client, but would be «benched» (not paid) for any time that was
unbilled.
Over the period of a year, a new report estimates small firms could find an additional $ 21,000 in revenue by capturing 48 - 96
hours that would otherwise go
unbilled.
Under these initiatives, the law firms pay their new associates much less than the market rate and require far fewer billable
hours from them; associates spend most of their time in apprenticeship, training and shadow programs with experienced lawyers, with (
unbilled) client contact and observation opportunities where possible.
Estimates to Complete, Unallowable Costs, Recognition of
Unbilled Revenue, Labor
Hour Transfers, Job Close - out Procedure, and Advance Start.