Time Tracking Tips for Law Firms to Maximize Billable Hours
As a legal professional, you understand how important it is to track time accurately and efficiently. Capturing billable hours accurately can maximize your firm’s profits by helping identify where your team is spending too much time and where they need to improve productivity. For a long time, law firms have been using manual time tracking.
- Published in Billing & Invoicing, Reporting, Time Tracking
Why LawBillity Will Increase Your Law Firm’s Profits
Currently, law firms face three main challenges; resistance to change, lack of updated technological knowledge, and inefficient work systems. COVID-19 has brought these issues to the forefront, disrupting business as usual. There is no doubt that the legal industry is very conservative, particularly in embracing changes. There are three significant challenges to the traditional legal
- Published in Billing & Invoicing, Expense Tracking, Legal Business Tips, Reporting, Time Tracking
Why LawBillity Will Increase Your Law Firm’s Profits
Currently, law firms face three main challenges; resistance to change, lack of updated technological knowledge, and inefficient work systems. COVID-19 has brought these issues to the forefront, disrupting business as usual. There is no doubt that the legal industry is very conservative, particularly in embracing changes. There are three significant challenges to the traditional legal business
- Published in Billing & Invoicing, Expense Tracking, Legal Business Tips, Reporting, Scheduling, Time Tracking
Here are 5 Top Reports Your Law Firm Should Be Running
Founding and managing a law firm is a significant investment. It would not be amiss to say that the heartbeat of your firm is closely linked to your own when it comes to finances, reputation, growth, and overall success. As such, it is vital to keep an ear on that heartbeat. Like any other business,
- Published in Billing & Invoicing, Expense Tracking, Reporting, Time Tracking
Reduce Non-Billable Time and Increase Billable Time by Automating Your Law Firm
Thousands of dollars can be saved by automating your manual non-billable workflows, and by tracking time electronically will improve the accuracy of your billable time. Scheduling, time-keeping, invoicing, legal billing, and data storage are all areas which can be digitized easily and affordably. By moving towards automating your law firm, you will save time and
- Published in Billing & Invoicing, Time Tracking
10 Ways of Increasing Your Law Firm’s Cash Flow
Cash flow shows the true picture of the financial health of a law firm. Poor cash flow management will make the firm struggle to stay afloat as it can’t pay bills, salaries, or, let alone invest. Law firms had no choice but to adjust to the economic downturn because of the impacts of the pandemic,
- Published in Billing & Invoicing, Expense Tracking, Legal Business Tips, Reporting, Time Tracking