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Revolutionizing Legal Time Tracking: Rocket Matter Track Makes Billable Hours Effortless

Rocket Matter

By capturing the digital footprint produced by an attorney’s work, Rocket Matter Track delivers a precise view of billable hours by monitoring the apps utilized, websites visited, and files viewed. We know that time leakage is one of the main reasons for law firms’ lost revenue,” said Ajay Khatri, general manager of Rocket Matter. “In

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The Importance of Legal Docketing for Law Firms Explained

Clio

This is why legal docketing is top priority for any law firm that wants to succeed and avoid malpractice claims. Ready to streamline your legal docketing process? What is legal docketing? Legal docketing is the tracking and management of deadlines and events related to legal work.

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How Technology Changes the Game for Law Firm Profitability 

Centerbase

By Paige Roncke, General Manager, Centerbase The legal industry is at a critical inflection point where law firms can no longer identify only as legal services providers. Law firms must also be data and technology companies in order to effectively compete in the market for long-term success.

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Understanding the Basics of Law Firm Profitability 

Centerbase

Why Profitability Matters for Law Firms Profitability is one of the most critical measures of success for any law firm. Simply focusing on the standard math equation of revenue minus expenses equals profitability doesn’t always tell the full story of a firm’s financial health. Let’s take a look at where to start.

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Why Manual Time-Tracking Is Hurting Your Firm

Rocket Matter

It’s a big whoops when that attorney washes their hands and the valuable billable time with it. But that’s just one small example of the hours of forgiven revenue that come with manual time-tracking, hurting your firm and your attorneys. Then, they open a separate client’s email and jot that down somewhere else.

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Maximize Law Firm Profitability with Practice Area Analysis

Centerbase

By Debbie Foster, CEO, Affinity Consulting Group Moving Beyond Billable Hours Law firm profitability is often viewed in simplistic terms: the more billable hours attorneys log, the more profitable the firm becomes. This will help optimize profitability while maintaining a balanced workload across the firm.

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Strategic Law Firm Budgeting: 7 Steps for Stability + Growth

Centerbase

More and more law firms are recognizing how important it is to manage themselves like a business to survive in today’s competitive market. Businesses operate with efficiency, strategic planning, and a keen eye on the bottom line — principles that law firms can adopt to enhance their operational effectiveness.