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Passive Timekeeping Can Earn A Lawyer An Extra $22K A Year, MyCase Data Analysis Shows

LawSites

But for the lawyers who bill by the hour, perhaps the greatest curse is simply have to keep track of their time. That is why several companies in recent years have developed passive timekeeping tools for lawyers — tools that keep track of a lawyer’s time even when the lawyer forgets to.

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Driving law firm efficiency: Proven productivity tips

Legal Tech Monitor

One notable finding from the report was that lawyers who used passive time-tracking tools captured significantly more time than lawyers who didn’t. If you’re unfamiliar with the concept, this timekeeping tool works in the background, passively tracking all activities done on a computer or in a software program.

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A Mindset Shift on Law Firm Metrics Could Grow Your Firm

Legal Talk Network

Smart law firms are motivated to track effectively because if you want to get paid you want to track your financial information. Legal is such a competitive field and has been for some time,” Correia said, “that solo and small firms should absolutely be using data to gain a competitive advantage in the marketplace yet they don’t.

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Everything You Need to Know About Law Firm Revenue

Clio

It’s also an important metric for law firm owners to track —especially if you want to grow your firm and improve your profitability. Our 2022 Legal Trends Report found that the rate of inflation is outpacing the Billable Hour Index. billion in revenue in 2022. Revenue is key to the sustainability and success of any business.

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Passive Timekeeping Can Earn A Lawyer An Extra $22K A Year, MyCase Data Analysis Shows

Legal Tech Monitor

But for the lawyers who bill by the hour, perhaps the greatest curse is simply have to keep track of their time. That is why several companies in recent years have developed passive timekeeping tools for lawyers — tools that keep track of a lawyer’s time even when the lawyer forgets to.

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FOIAengine: Requests Pointed to SBF’s Shaky World Long Before FTX Imploded

Legal Tech Monitor

Most recently, on March 2, the new managers at FTX told the Delaware bankruptcy court they had identified a deficit of $8.9 And on and on. FTX and related entities have been sued dozens of times since the implosion. Thirty-one suits were filed against FTX entities in November 2022 alone. federal appeals court.

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Takeaways from ABA TECHSHOW 2023

Legal Tech Monitor

After 2021 resulted in a virtual TECHSHOW and 2022 was a hybrid show, the consensus among attendees was that it was great to be 100% in person again. Julie’s focus at ABA TECHSHOW was on the marketing track. For us, the ABA TECHSHOW began on Wednesday. and Canada. Potential new client inquiries are prioritized appropriately.