Diese Präsentation wurde erfolgreich gemeldet.
Wir verwenden Ihre LinkedIn Profilangaben und Informationen zu Ihren Aktivitäten, um Anzeigen zu personalisieren und Ihnen relevantere Inhalte anzuzeigen. Sie können Ihre Anzeigeneinstellungen jederzeit ändern.
How Much Money is Time
Really Costing You?
Lawyers lose on average
33% of billable time
through a lack of time
recording d...
Nächste SlideShare
Wird geladen in …5
×

How Much Money is Time Really Costing You? A Quick Guide for the Business Minded Legal Professional

26.385 Aufrufe

Veröffentlicht am

How much money do you never bill?
How much money is lost every year per lawyer?

Veröffentlicht in: Recht
  • Als Erste(r) kommentieren

How Much Money is Time Really Costing You? A Quick Guide for the Business Minded Legal Professional

  1. 1. How Much Money is Time Really Costing You? Lawyers lose on average 33% of billable time through a lack of time recording discipline 52%Of Lawyers are not happy with their current Billing Method 68%Of Firms who use Fixed billing (AFA) do not know their cost of sales! 97%Of Lawyers prefer to use Timekeeping software vs traditional methods $16%of Lawyers are unable to tell which is more profitable: Fixed or Hourly Billing Many lawyers using AFAs (Fixed Billing) are reverting to time billing as an additional method to review and manage profitability or plan budgets A Quick Guide for The Business Minded Legal Professional 200 Hours are lost per year per lawyer 3 out of 9 Ho u rs rem ain u n b illed £36K Lost per year per Lawyer 1/10 of time is lost if n ot record ed u ntil th e en d of th e d ay Top 3 reasons why firms record time when using AFAs (Fixed Billing): Example 1 Example 2 Example 3 Learn more and sign up for a free trial: www.lawyertime.zone Findings based on Interviews carried out with 80 lawyers in UK Assess the profitability of a matter Measure a lawyer’s productivity Prepare realistic budgets Billing and Timekeeping Software for the Legal Profession

×