Lawyers looking to make the most of downtime often have a long to-do list, from marketing their firm to developing relationships with existing clients. Today, we want to make the case for spending some of this time focused on professional development.
In considering a firm’s profitability, it’s important to keep in mind that billable time doesn’t necessarily equate to revenue for firms.
Assessing current solutions and implementing new software will take a lot of manpower and will initially have an impact on the firm’s short-term profitability, but there will be a worthwhile return on this investment.
Using CARET Legal’s native iOs and Android apps, you can even track time while you’re out of the office so you don’t miss a beat.
“Business as usual” is no longer a realistic expectation.
Firms that cling to outdated or inefficient workflows often miss out on many benefits that can save time and money.
Giving timekeepers better tools to record and track time, setting expectations, and managing the billing process and receivables will all contribute to increased revenue for the law firm.
Electronic, or LEDES billing is a necessary, and often dreaded, process at many law firms. Between enforcing timekeeping with the appropriate LEDES codes, generating invoices that are in alignment with the client’s requirements and successfully submitting these invoices to various clearinghouses, e-billing can be time-consuming and downright frustrating for the back-office.
While not every employee needs the same level of education, it is critical to continue the disaster education process throughout the year for all employees.
When a disaster strikes, it is critical to know where everyone is located.