Law Firm Billing

Lawyer with clock over face Billable Time

Capture More Billable Time and Stress Less

Filling out a daily timesheet or inputting time into your firm’s billing software can certainly be aggravating, even stressful. The annoying timer. The big blank timesheet. The blinking cursor on the computer screen that greets you every ...

Jacqueline Vinaccia - January 19, 2015
accounting

Holy Crap! Is That All the Money I’m Making This Year?

The year's end is right around the corner, along with the holiday season. So, what do you really want for a holiday gift? How about getting paid for the work you did during the year? The holidays can be extra hectic for lawyers with the ...

Peggy Gruenke - October 22, 2014
Billing

Three Ways to Better Billing

Billing. It’s not something we like to talk about, but it is something lawyers have to do regularly, so it deserves some attention. Making sure you capture all of your billable time and produce clear, coherent invoices for it helps ensure you ...

Annie J. Dike - July 22, 2014
New Math New Money

New Math, New Money: New Download!

Yes, it seems we’ve been talking about the big changes coming to the legal profession for a very long time. But when the shift starts making headlines in the general media, it begins to seem more real. When academia begins to roil, you know ...

The Editors - February 3, 2014
support staff

Fee Tale: This Is Not Your Father’s Client Engagement Agreement

Jared Correia |Client engagement agreements, or fee agreements, are an underused tool in a lawyer's arsenal. Here are 5 smart upgrades

Jared Correia - August 28, 2013
elevator speech

Lawyer Billing is Marketing

Last month, I wrote about the importance of communication when it comes to pricing your legal services ("Good Lawyers Talk Money with Their Clients"). Once you have the engagement, your invoices become a critical communication method. In fact, I ...

Sally J. Schmidt - August 22, 2013

Make the Timekeeping Honor Roll

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, ...

Frederick J. Esposito Jr. - June 14, 2013

Stage Your Own Economic Recovery

It's been four years since the start of the great recession (or “lesser depression”) and business owners are acknowledging that recovery is going to be a long, slow process. With no springboard in sight, some economists are calling for another ...

Michael Baker - November 20, 2012

Setting a Dollar Value for Your Legal Services

If you read my post on "How Hourly Billing Kills Law Firms," maybe you’ve been inspired to figure out how to price certain legal services based on their value to a client, not the number of hours you spent. Now all you have to do is figure out ...

Antigone Peyton - October 11, 2012

How Hourly Billing Kills Law Firms

Lawyers have been talking about and wrestling with “alternative billing methods” or "alternative fee agreements" for a decade or more. Recently, however, the conversation has shifted to “value billing.” Well, that’s a concept we can get ...

Antigone Peyton - September 25, 2012
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