Lawyers offer their clients their expertise and advice. These services are valued in the form of working time. The lawyer then invoices his fees based on the time spent on each file in accordance with the rules of the order. From this moment, the time management software presents immense advantages. 7 good reasons why you need to equip yourself!
Bill accurately
Am I sure I bill my clients for their good times? How do I know if I don't track time worked over time? Thanks to simple tools, offering the stopwatch, the mobile application or the kilometer entry of events, using time management software guarantees the accuracy of the invoice sent to the customer. So every time is justified.
On average, 10% of turnover increases, simply by not forgetting time to invoice!
Integrate non-value
Does my client know that I spent 4 hours researching information for his case? Did I tell him that the travel time to see him is not deducted from the price of his bill? By showing my client all the time I spent resolving their problem, or advising them, I explain to them why my bill may seem high to them. In addition, I show him that many hours spent are not billed to him!
The time spent not invoiced to the client represents a lot of time: when the client knows this, he will thank me (maybe).
Be perfectly transparent with the customer
My client can contest the fee invoice that I send him. Or its amount. Often, he is not aware of all the work put in to resolve his case. So, the best way to counter the customer's incomprehension and sometimes irritation is to communicate with them in complete transparency.
What could be better than attaching details of time spent, event by event, precisely time-stamped to your invoice? Only management software allows this!
Evaluate the selling price of your packages and services
When I bill on a flat rate basis, I don't know if I'm covering my costs. Maybe I earn too little to cover my working hours? Conversely, perhaps I can lower my prices to be more competitive?
The selling price of its services and packages can be accurately evaluated if I enter my time, as well as my team. By accumulating the work carried out, I position my prices appropriately.
Understand your profitability
I would really like to know which are my profitable files and my unprofitable files! Identify the issues on which I can improve my productivity, and those that I should put more emphasis on because they offer me interesting profitability!
Thanks to precise and intuitive time tracking, I know how much work time was necessary for my teams and myself and deduce by accumulation and comparison where my profitability lies and where the points of improvement in my organization are.
Thus, analyzing my organization allows me real strategic thinking! This is undoubtedly the main advantage of time management software in the long term.
Transform your times quickly into an invoice
Keeping track of your times, I understand, is essential. But how to promote them? Convert them into an invoice? This is the benefit of integrated software capable of transforming entered times into invoices in just a few clicks. The time spent entering your times (very quickly thanks to the stopwatch, the mobile application, etc.) saves considerable time when it comes to invoicing.
Where I considered time recording to be a constraint, I realize that in reality, I save time!
Manage the work of your colleagues
How do I know what my colleagues are doing? My external colleagues that I solicit? How can we help everyone become more efficient? Not to exceed the planned times?
Here again, only time management software allows the firm to have an overall consolidated vision of the organization of work within the firm.
Managerial points and discussions with colleagues become much more consistent and informative because they are based on objective and quantified data: beyond a logic of control, we place ourselves in a logic of improvement. This is the advent of the entrepreneurial lawyer!
Time tracking software is even more useful when integrated with practice management software
Time tracking integrated into comprehensive practice management software really deploys all its advantages. The time spent on documents is recorded automatically, the conversion of time into an invoice is immediate, and management using reporting tools is also instantaneous.
The firm then benefits from an intuitive, simple, efficient and in-depth tool to manage its teams, analyze its profitability and provide the correct information to the client. It’s a considerable time saver and an incomparable decision-making tool!
Sign up now for free to benefit from time management for your practice.
