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Passive Timekeeping Can Earn A Lawyer An Extra $22K A Year, MyCase Data Analysis Shows

LawSites

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.

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Driving law firm efficiency: Proven productivity tips

Legal Tech Monitor

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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Everything You Need to Know About Law Firm Revenue

Clio

It’s also an important metric for law firm owners to track —especially if you want to grow your firm and improve your profitability. Practice area Even within the same region, the potential revenue a law firm can bring in depends heavily on the practice area. Track (and optimize) your law firm’s key metrics Knowledge is power.

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Law Firm Billing: Ultimate Guide and Best Practices

Clio

And yet law firm billing, including billing clients and chasing down payments, can be one of the most repetitive, dreaded, and time-consuming parts of any lawyer’s day. Billable time and disbursement fees/expenses are logged throughout the case. Billing is critical to the success of your law firm. Where you see the most errors.

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Passive Timekeeping Can Earn A Lawyer An Extra $22K A Year, MyCase Data Analysis Shows

Legal Tech Monitor

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.

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Understanding UTBMS Codes: A Beginner’s Guide

MatterSuite

Bankruptcy Creditor codes which include the bankruptcy filing code, the creditor meeting code and the reorganization plan code. Example codes: P100 (Project Planning), P300 (Task Management), P500 (Budgeting). It allows law firms to accurately track time and expenses, providing clients with transparent billing statements.

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What is LEDES Billing? A Guide for Lawyers

Clio

These principles help law firms correctly submit invoices, track expenses, and create detailed reports in a consistent manner. UTBMS (uniform task-based management system) billing codes are used in the LEDES process and are included on invoices. Enabling UTBMS codes in Clio Manage Enabling UTBMS codes in Clio Manage is an easy process.

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