Holiday Slowdowns vs. Billable Targets: What Law Firms Can Do to Stay on Track
Summary The holiday season often leads to a drop in billable hours for law firms due to fewer working days, court closures, and delays in opening new cases, but it can still be managed strategically. By adjusting billable targets, planning around PTO and court schedules, accurately capturing all billable time, prioritizing high-value work, reducing billing
- Published in Billing & Invoicing, Legal Business Tips, Time Tracking
Fixed-Fee vs. Billable Hours: What is Right for Your Law Firm?
Running a law firm, your billing model determines how you connect with clients. Traditional law firm billing is calculated in billable hours. However, fixed-fee services have been a practical part of the industry for decades. As we experience a rising demand for both transparency and predictability in legal fees, many law firms are debating which
- Published in Billing & Invoicing, Legal Business Tips, Time Tracking
How to Handle Billing Disputes in Your Law Firm
Billing disputes are the bane of any law firm. Staying solvent relies on the smooth resolution of accounts receivable. You calculate your available revenue based on the billable hours provided to your firm’s active client list. So, when a client objects to their bill, naturally, you want to resolve this as quickly as possible. However,
- Published in Billing & Invoicing, Legal Business Tips