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Second TimeCamp (https://www.timecamp.com/) presentation shows the most useful practices for law companies to capture every billable minute.
Providing appropriate tools for better time tracking within law companies is a step to the revenues increase. Making this process easier for attorneys helps them to stay focused on their work and bill their clients more accurately for the time spent on each case.
It is not a secret that for law companies and attorneys themselves time means money. Every single minute spent on a particular case, whether it is a client’s visit in the office, paperwork done or court appearance it all accounts for the sum of their further salary. At the same time keeping an eye on the clock ticking while entering those hours to the timesheets is a real sore point.
The attorney’s job is the one that requires being mobile all the time. Office work including files, e-mails, phone calls is important but singular activity this type doesn’t demand hours. However, those little ones are the easiest to forget when it comes to fill blanks in your timesheets at the end of the day.
It is estimated that 10 to 30 per cent of attorneys’ work time is not recorded. In the scale of time units that are considered as billable ones it generates high losses in company’s funds flow.
Accurate time keeping enables being more precise in billing and invoicing. This makes company more reliable for its clients and lets to build better long-term relationship.
The sooner attorneys start to track their time accurately and efficiently, the sooner company’s revenues will increase. The cash flow will be quicker as right tools enable faster payments. This brings mutual benefits as clients are more satisfied with the service provided, the company is happy with the results given and nobody needs to work longer to earn the appropriate.
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