article thumbnail

What Are Billable Hours? A Guide for Lawyers

Rocket Matter

Why the billable hour matters Reports state that many attorneys bill between 1,700 and 2,300 hours per year , so not tracking all your time accurately can lead to tens of thousands in lost revenue. Second, law firms track the billable hours of each attorney. Six minutes also works out nicely because it amounts to 1/10th of an hour.

article thumbnail

7 Time Tracking Issues and How Lawyers Can Solve Them

Rocket Matter

Let’s look at seven common time-tracking problems and how lawyers can easily solve them. If a lawyer is keeping track in Microsoft Excel or—dare we say!—by With an investment in an automated legal time tracker , lawyers just need to click start and stop when they like. Bonus! Those are only some of the issues.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Thinking of Going Solo? Six Essential Steps to Starting Your Own Legal Practice

Rocket Matter

Contrary to what TV dramas would have you believe, most lawyers in the US do not work at intrigue-filled Big Law firms. Free Guide The Paperless Law Office: A 12-Month Plan for Going Paperless This free guide will provide you with an actionable plan for going paperless, with monthly tasks that include: 1.

article thumbnail

Why Not All Payment Processors Are Created Equal

Rocket Matter

Prospective clients like to choose a lawyer who has the experience to help. On your quest for the right payment processor, look for features that streamline and support the way law firms operate. Get free guide How to Master Your Law Firm’s Time and Billing Lawyers have a heavy workload.

article thumbnail

Make Your Job Easier: Must-Have Apps for Lawyers to Boost Daily Efficiency

Rocket Matter

They’re also a goldmine of mobile apps for lawyers. Note-taking wizards: Transforming legal note-taking As a lawyer, you take lots of notes. Running a legal practice is definitely one of those things. Get free guide How to Master Your Law Firm’s Time and Billing Lawyers have a heavy workload.

article thumbnail

Client Relationships: The Key to Success

Rocket Matter

It requires soft skills that aren’t always obvious, and many firms miss out on the low-hanging fruit that can help them build long-lasting client relationships—and gain more referrals in the process. As it turns out, building client relationships isn’t always easy, even for the most experienced, skilled lawyers.

article thumbnail

Speed to Lead: What It Is and Why It’s the Key to Your 2024 Firm Growth

Rocket Matter

The lack of industry-specific features and integrations means more work for busy lawyers. Legal-specific CRMs, on the other hand, can significantly reduce the effort involved in establishing a fast speed to lead. Get free guide How to Master Your Law Firm’s Time and Billing Lawyers have a heavy workload.