Wise lawyers know that contemporaneous timekeeping is essential to the success of any fee arrangement—and to the overall financial success of your law firm. Lawyers who reconstruct their time weekly tend to lose 25 to 30 percent of their time, and those who enter time on a monthly basis can lose as much as 55 to 70 percent. To illustrate, assume an attorney is billing at $150 per hour and doesn’t capture 15 minutes a day. READ MORE
Originally published June 14, 2013
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