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
Santa’s staying on top of his deliveries this year with the help of LawBillity!
In the air there’s a feeling of Christmas, and shoppers everywhere are rushing home with their treasures. Luckily, everyone at the North Pole is on target and stress-free, because they are using LawBillity’s time tracking to stay on schedule with the toy-making, Christmas baking, gift wrapping, washing the sleigh, and reindeer grooming. That’s right–Santa himself
- Published in Scheduling, Time Tracking
Top Time Tracking Mistakes Legal Firms Make
Time tracking is an integral component of running a successful legal practice. The implication of improper time tracking can adversely impact a law firm. A 2020 Legal Trends report shows that lawyers spend 30% of their typical day doing billable work. This leaves approximately two-thirds of their workday on non-billable time. Lawyers can successfully address this discrepancy
- Published in Legal Business Tips, Time Tracking
How to Deal with Volumes of Unstructured Data in Your Law Firm
A typical law firm interacts with tons of data every day. But not all of them are concise enough to influence accurate decision-making. In fact, 80% of data that organizations deal with regularly is unstructured. Commission examples include social media chat history, emails, PDFs, user reviews, videos, images, and many more. The trickiest part is that as
- Published in Legal Business Tips, Time Tracking