The best advice: Understand the root cause of client billing disputes, and then develop proactive strategies and procedures to avoid them in the first place.
As a lawyer with extensive education and training, you are entitled to be paid what you’re worth. But what are you worth? Getting the most out of your time and accurately tracking the time you spend working on cases will ultimately give the most return on your investment (of time).
Your firm’s financial success often depends on your ability to use technology in pursuit of lowering costs, reducing waste, and avoiding unneeded expenses. Understanding how and when to use emerging legal technology is as important as keeping current in case law.
Today, successful law firm owners have to start thinking less like lawyers and more like business owners. These leaders are looking beyond billable hours, implementing business practices and metrics to increase time-billing productivity and the bottom line. Why You Should Measure Utilization Rates, Not Just Billable Hours The utilization rate is the measurement law firms […]