A legal invoice is a reflection of your professionalism: “We take pride in the fact that, even though we’re small, Bill4Time brings legitimacy to our firm since our invoices are every bit as detailed and professional as our larger competitors.”
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.
These days, everyone talks about having a paperless office. It’s a laudable goal. Your documents are secure, your office less cluttered, your files easier to get to, and it can really increase your productivity. However, a lot of friction can arise when you are trying to move everything to a virtual world.
Universal timekeeping is the one and only key that can unlock the power of the six financial indicators outlined in this article. No lawyer or law firm can afford not to make this investment in sustainable profitability and competitive survival.
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 […]
When you disable a client, close a project, or disable a user, the data is not lost and you can still run reports on the time and billable amounts. For example, when running reports, next to your User filter you will see an “Include Disabled” icon which you can click to enable and that will allow you to […]
The Bill4Time Client Portal is your client’s online gateway to your business. Your clients can view invoices, outstanding balances and payment history. Businesses that offer clients convenient online payments options get paid up to 30% faster than when using traditional payment methods. That means, instead of sending a paper invoice via snail mail to your […]
One of the most stressful times for a small business of any size is when cash flow grow tight because payments are not being made in a timely manner. Sometimes the answer is how you invoice and your communication with the customer—setting expectations, defining roles and terms—all of which can create barriers in getting paid on […]