Why Businesses Fail

Why Businesses Fail

While businesses may fail for a number of reasons, the primary cause of why companies fail to stay in business is a combination of poor scheduling and bad billing methods. We are all aware that revenue is the source of a business staying active, so having good billing practices is a crucial factor for establishing […]

3 Ways You’re Losing Time and Money

3 Ways You’re Losing Time and Money

Payroll and billing are the two essential factors of a business that heavily rely on reporting and accuracy. Companies that keep track of employee activity are able to efficiently calculate rates, expenses, billing costs and profit margins to control the scope of their projects. Meaning, accurate time tracking and management can make or break a […]

Is timekeeping necessary in Fixed/Flat fee practice?

Is timekeeping necessary in Fixed/Flat fee practice?

Fixed/Flat fee is a static billing model alternative to hourly time-based billing where the fee amount remains fixed without concern to the time spent on a client case. When there is a flat or fixed fee billing, the fee amount is already decided prior to the work being undertaken. Though fixed fee arrangement makes billing […]

Work from Anywhere: Practice Legal Billing on the Move

Work from Anywhere: Practice Legal Billing on the Move

The life of an attorney is not an easy one.  They’re regularly required to work long hours from a variety of different locations that include the office, a client’s house, or even a picnic bench at a park.  Oftentimes, this results in the inability to handle office correspondence like phone calls and emails.  In the […]

The Need for Contemporaneous Timekeeping

The Need for Contemporaneous Timekeeping

Until recently, contemporaneous timekeeping was an impossible idea for the legal world to entertain. This was mostly due to time entry being entirely restricted to the workplace.  In those days, law firms relied on time sheets and simple desktop tools for recording the days’ time and handling their billing processes.  However, modern technological advancements have […]

Why Your Law Office Cannot Rely on Excel for Billing

Why Your Law Office Cannot Rely on Excel for Billing

Traditionally, Microsoft Excel has been the go-to product for businesses that were looking to upgrade their accounting processes and use modern methods for time tracking and invoicing.  For many, it worked completely fine due to the large number of available templates that Microsoft had released with it.  Law firms especially were attracted to it as […]

Common Challenges with Legal Billing and the Payment Collection Process

Common Challenges with Legal Billing and the Payment Collection Process

Law firms regularly run into many types of challenges when they fail to implement efficient time tracking and invoicing systems into their billing and collection process.  Regrettably, these challenges are universal and can easily affect law practices of any size.  This is due to firms having many moving parts that have to deal with the […]