Rocket Matter

DECEMBER 12, 2023

Time is always in short supply, and there are always more tasks to check off your to-do list. From working with clients to juggling court appearances and operational work, the time that’s spent on every task directly affects your firm’s efficiency and bottom line. There’s more to time tracking than that.

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Time-tracking Law firm Law Law 52

Rocket Matter

NOVEMBER 28, 2023

But that’s just one small example of the hours of forgiven revenue that come with manual time-tracking, hurting your firm and your attorneys. But that’s just one small example of the hours of forgiven revenue that come with manual time-tracking, hurting your firm and your attorneys.

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Rocket Matter

FEBRUARY 6, 2024

Time flies, especially in a busy law firm where every minute is spent on client consultations, drafting legal documents, court appearances, case research—and yes, the occasional YouTube video during break. But tracking and managing that time often slips through the cracks during the daily hustle.

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Time-tracking Law firm Software Legal CRM 52

Rocket Matter

NOVEMBER 7, 2023

Many attorneys are overwhelmed or challenged by the need to track billable hours efficiently. Let’s look at seven common time-tracking problems and how lawyers can easily solve them. If a lawyer is keeping track in Microsoft Excel or—dare we say! Measuring time for multiple clients at once Here’s a major issue.

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Rocket Matter

JANUARY 30, 2024

Yet the hurdles and objections voiced by lawyers are real concerns, even when it comes to proven tactics for increasing efficiency and profitability like time-tracking. They may worry they’ll be micromanaged, that it will take too much time, or not want to listen because they use alternative fees and flat fees anyway.

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Time-tracking Law firm Law Law 52

Attorney at Work

OCTOBER 8, 2021

Yet, though I gush over Leuchtturm 1917 pads and Moleskines and (oh, baby) Baron Fig notebooks, my daily planner is a crappy yellow legal pad and has been for a long damn time. I Will Spend 2022 Using a Hobonchi Techo Planner. And so, below, please find my deep dive into the Hobonichi Techo 2022 planner. Or it was.

Time-tracking 101

Time-tracking Attorney Lawyer 101

Rocket Matter

AUGUST 29, 2023

These tools, like generative AI models and automatic time tracking, can potentially boost a firm’s profitability and decrease its workload—significantly. Automatic time tracking empowers teams to thrive and grow.

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Rocket Matter

NOVEMBER 14, 2023

But that’s just the big-picture-30,000-foot-view benefit of time-tracking software for attorneys. Save time and resources This may be the most important benefit of time-tracking software. This may lead to the insight that they are spending too much time on client phone calls or not enough time taking breaks.

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Rocket Matter

OCTOBER 17, 2023

Have you ever found yourself drowning in a sea of sticky notes at the end of the workday, trying to piece together how you spent your time? Well, we’ve got some good news: there is a solution, and it’s legal time-tracking software. But what exactly is it, and how can it transform the way you manage your law practice?

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Time-tracking Software Law firm Law 52

Rocket Matter

MAY 30, 2023

It also has to consider production costs, equipment, office space, overhead, and other expenses. Three ways time and expense tracking software can help define your billable rate To get the correct billable rate, you’ll need to work with the right data. That’s where time and expense tracking software comes in.

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Rocket Matter

JANUARY 9, 2024

In short, you need it to maintain a positive client relationship. Here are six strategies to keep your time-tracking client-centered. 1. But these (excellent) reasons aren’t the only reasons to time track. If attorneys use the same time entry labels for tasks, it will be clearer to clients.

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Time-tracking Client Intake Law firm Legal CRM 52

Legal Tech Monitor

JULY 6, 2023

One notable finding from the report was that lawyers who used passive time-tracking tools captured significantly more time than lawyers who didn’t. If you’re unfamiliar with the concept, this timekeeping tool works in the background, passively tracking all activities done on a computer or in a software program.

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Law firm Time-tracking Law Law 104

Rocket Matter

OCTOBER 3, 2023

The dilemma is this: you want to track your hours accurately, but you don’t want to have to put in extra work for it. It can seem overwhelming to have to jot down every minute of client time, but, alas, if you don’t, you’ll be in an even bigger hole. Automatic time tracking improves your firm’s profitability.

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Kevin O'Keefe

FEBRUARY 10, 2023

The breakthrough came when Google researchers invented transformers, a kind of neural network that can track where each word or phrase appears in a sequence. Times changed with GPT-3, released in 2020. In early 2022, Open AI trained GPT-3 to reduce misinformation and toxic text. But GPT-2 created the big buzz.

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LawSites

APRIL 17, 2023

But for the lawyers who bill by the hour, perhaps the greatest curse is simply have to keep track of their time. That is why several companies in recent years have developed passive timekeeping tools for lawyers — tools that keep track of a lawyer’s time even when the lawyer forgets to. They billed 6.1

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Bankruptcy Time-tracking Lawyer Court 100

Rocket Matter

NOVEMBER 14, 2022

in 2022 ), it’s the right time to look at your current rates and see if you’re charging enough to remain profitable. Track time and expenses meticulously. The only way to know how much time something takes is to track it thoroughly. Multiple time trackers take care of this issue.

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Legal Talk Network

JUNE 28, 2022

Smart law firms are motivated to track effectively because if you want to get paid you want to track your financial information. Legal is such a competitive field and has been for some time,” Correia said, “that solo and small firms should absolutely be using data to gain a competitive advantage in the marketplace yet they don’t.

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Law firm Time-tracking Law Law 130

Rocket Matter

OCTOBER 24, 2022

It’s about helping your employees focus on the tasks at hand to make the most of their time. Your attorneys and legal staff will be able to spend more time on what matters, like project work and client matters—and less on busy work. . If this feels overwhelming, start small by reviewing how you spend your time for a week.

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Law firm Time-tracking Client Intake Billing software 97

Clio

AUGUST 21, 2024

It’s also an important metric for law firm owners to track —especially if you want to grow your firm and improve your profitability. Our 2022 Legal Trends Report found that the rate of inflation is outpacing the Billable Hour Index. billion in revenue in 2022. Revenue is key to the sustainability and success of any business.

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Law firm Electronic payment Law Law 98

Clio

OCTOBER 5, 2023

The 2022 Clio Cloud Conference (ClioCon) was, without a doubt, our biggest and most exciting event yet. Read on for a high-level recap of our 2022 conference. Read on for a high-level recap of our 2022 conference. Read more about each of these global experts and a bit of the magic they brought to the 2022 ClioCon.

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Time-tracking Law firm Court Document automation 52

Attorney at Work

DECEMBER 22, 2021

If law firm attorneys and staff hate manual time tracking – and, honestly, how could they not? Smokeball includes a native passive timekeeping program that captures user time automatically as tasks are completed. All such captured time is pending until the user manually finalizes it.

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Ikigai Law

FEBRUARY 3, 2023

Key legal, policy and other developments for the Indian EV sector in 2022. Power ministry issues amendments to guidelines for charging infrastructure : The ministry of power has issued an amendment to the revised consolidated guidelines and standards for charging infrastructure for electric vehicles issued on 14 January 2022.

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Ikigai Law

JANUARY 26, 2023

Law, policy and other developments in 2022 relating to the Web3 sector in India. With the government not in a rush to lay down the law, we can expect the regulatory uncertainty around crypto to continue for some time. CBDC CBDC-retail trials (e₹) : The CBDC-retail segment pilot was launched on 1 December 2022.

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e-records Time-tracking Law Law 52

TechLaw Crossroads

MARCH 8, 2023

I have written about TECHSHOW several times, here , here , and here. The 2022 Show was part live, and part virtual. By the 2022 Show, people were just beginning to cautiously ventur out of their foxholes, rub their eyes, and feel comfortable being around people again. And the other tracks seemed similar. Lots of hugs.

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LawSites

FEBRUARY 28, 2024

A common pain point for law firms is failing to track and invoice all reimbursable client expenses, resulting in losses to firm profits. All spending on the card is tracked to a dashboard where the firm can monitor all of its business and client expenses. This new offering will save firms time and improve their bottom line.”

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Law firm Time-tracking Software Law 119

Clio

MAY 15, 2024

But no matter how you approach it, one fact remains—marketing your firm can easily consume a lot of your time and energy. You can track the conversion rate of just one page, or your entire website. And yet, the 2022 ABA Legal Technology Survey Report found that only 57% of firms have one.

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Law firm Law Law Time-tracking 132

CaseFox

MARCH 15, 2023

Law firm profitability fell for the fourth consecutive quarter as firms grappled with a combination of falling demand and surging expenses, according to the Q3 2022 Thomson Reuters Law Firm Financial Index (LFFI) powered by Peer Monitor/Financial Insights. decline in the second quarter of 2022. Demand fell approximately 0.7%

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Law firm Time-tracking Law Law 98

Legal IT Group

FEBRUARY 22, 2023

And it was only in 2022 that Meta Platforms’ earnings report recognized the first year-over-year decline in advertising revenue in the company’s history, a trend that is expected to continue due to global economic issues affecting the digital advertising market as well. What conclusions should be drawn?

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LawSites

JANUARY 17, 2022

7, 2022, documenting the raise of $25 million in equity financing. I reached out to Jake Heller , Casetext’s cofounder and CEO, who confirmed the raise and provided additional details. ” Finally, Heller said, the raise is a message to Casetext’s customers: “We aren’t going anywhere for a long time.

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Legal research Time-tracking Attorney Litigator 119

InsideLegal

SEPTEMBER 2, 2022

ILTACON 2022 is now over a week in the rearview, yet many of us attending still have ILTACON on the brain. Well said Early, it's that dedication to the 'craft' and passion for all things legal tech that had me returning for a 23rd time. every time I see her, and it's been a while, makes me happy and in a hugging mood.

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Eric Goldman

JANUARY 22, 2024

The 2023 count represented a 17% increase over the 2022 count. Recall the caveat that I can only track cases I can find, so my census surely undercounts the actual number by a lot. at 72, 167 (Ballenger: “[T]he time has come. The case count continues to grow exponentially. See, e.g., id. It’s January 6!!!”);

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Prosecutor Law Law Time-tracking 116

Attorney at Work

JULY 28, 2021

The LexisNexis InterAction 2021 Marketing & Business Development Report tracked law firm business development activities during the pandemic. Tracking Marketing and Business Development Activities During the Pandemic. Performance and goal tracking. So, what did high-growth firms do that no-growth firms did not?

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Time-tracking Law firm Attorney Law 98

Martindale-Avvo

APRIL 11, 2023

Those connections can turn into new clients when the time is right. ” In 2022, eMarketer predicted a 13.4% According to a 2022 McKinsey report, 79% of consumers want brands to respond to requests within 24 hours. For legal clients, whose requests are often both urgent and emotional, that time frame may even be shorter.

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Time-tracking Attorney Injury Lawyer Lawyer 97

Rocket Matter

AUGUST 8, 2023

Except, here’s a secret you can steal from larger businesses: billing and invoicing don’t have to be a time-intensive manual process. you can spend more of your time focusing on case matters. Stop losing money because of lost time You don’t have to record your time on sticky notes, or a notebook, or a running spreadsheet.

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Law firm Time-tracking Law Law 85

Legal IT Group

APRIL 28, 2023

Contract as a legal basis for data processing It is worth recalling that during the consideration of the dispute by the EDPB in 2022, which imposed a fine of about $390 million on Meta Platforms, its position was that Facebook publicly positions itself not just as a social network but as a provider of personalized advertising services.

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Data protection Time-tracking Court Lawsuit 130

Debevoise Data Blog

FEBRUARY 20, 2023

On 29 December 2022, the CNIL fined TikTok UK and Ireland as joint controllers €5 million for failing to: offer users the ability to refuse cookies as easily as accepting them (several clicks were required to refuse all cookies, as opposed to just one to accept them); and inform users in a sufficiently precise manner about cookie purposes.

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Attorney at Work

APRIL 15, 2022

Having entered the second quarter of 2022, more than a few of us are wondering whether to upgrade our productivity toolbox. So we asked our experts: What’s your favorite app or service for staying connected, productive and on target to meet your goals in 2022? Time to enhance your productivity. Lack of real-time collaboration.

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