January 25, 2024 - In a highly competitive legal services market, law firms can no longer count on simply providing excellent legal service. They also need to make sure they get billing right. That's ...
Why Do Attorneys Bill in Increments? Billing in increments is standard practice for practical reasons. Billing by the minute or just a few minutes is difficult to track and time-consuming, not to ...
What's interesting here is not so much the errors that have taken place in the past, but how little technology has come along to solve the problem for law firms and their clients, to significantly ...
Sagging productivity within Big Law and declining realization have combined to put a damper on law firm profitability growth, and even the high pace of billing rate growth hasn't been able to remedy ...
There is little debate at this point that generative AI is saving law firms time. The question now becomes: Who will save money?
The term “billable hour,” a unit of time used in the legal industry, is common in popular culture but can be misunderstood. What goes into a billable hour is more than 60 minutes of time, and ...
Is the billable hour dying? According to research from the latest Legal Trends Report, clients want modern payment options: over half of potential clients would prefer to pay their lawyers using ...
Jane Haskins practiced law for 20 years, representing small businesses in startup, dissolution, business transactions and litigation. She has written hundreds of articles on legal, intellectual ...
For years, there’s been a popular sentiment that the absence of economies of scale made ediscovery impractical for small law firms, especially those with infrequent cases. While that may have been a ...