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What Are Billable Hours? A Guide for Lawyers

Rocket Matter

Why the billable hour matters Reports state that many attorneys bill between 1,700 and 2,300 hours per year , so not tracking all your time accurately can lead to tens of thousands in lost revenue. Second, law firms track the billable hours of each attorney. Six minutes also works out nicely because it amounts to 1/10th of an hour.

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How to Make Your Law Firm More Efficient in 2023  

Rocket Matter

While many lawyers love to brag about how much they can do at once, multitasking does more harm than good. . Modern software tools make it easier than ever to get your work done quickly—and reduce errors. For example, instead of trying to do all the billing yourself, put legal billing software to work. .

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Maximize Your Billable Hours with These 10 Time Tracking Tips

Rocket Matter

If you had a dollar for every time a lawyer wanted more time in the day…well, you’d probably have enough to retire. The longer you wait, the less accurately you remember details. Lawyers who wait until the end of the day to track their time can lose more than 10% of billable hours.

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Why Not All Payment Processors Are Created Equal

Rocket Matter

Prospective clients like to choose a lawyer who has the experience to help. Download free guide Related Resources How to Increase Your Profits with Rocket Matter Lawyers in firms of all sizes struggle to finish the work for the day in a reasonable amount of time.

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How Will Technology Change in the Future for Lawyers?

Lawmatics

After all, from the onset of technology in the workplace to the popularity of the internet, social media, legal software, and working remotely, lawyers have always adjusted to new technologies to remain relevant. How has technology changed being a lawyer in the last 15 years? What software do lawyers use today?

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Year-End Financial Health Check: Optimizing Your Law Firm’s Billing Practices

Rocket Matter

For most lawyers, financial management is the area of practicing law that causes the most stress. That stress can quickly get in the way of your firms financial healthbut theres no time like the end of the year to evaluate your billing and start making improvements. Modern firms need modern billing software.

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Law Firm Client Communication: Best Practices and Strategies

MatterSuite

Whenever a lawyer meets a prospective client, sends an email to update a client on a situation, or even mails a client a statement of account, he or she attempts to give the client a picture of how it is to do business with him or her. Use a legal CRM for follow-ups CRM is the software that automates communication with legal clients.