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With all of your time tracking information in one place, you can review, edit, or delete a time entry at any time.
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No matter how you track your time, every work entry gets put into a comprehensive time sheet (tracked on the Activities page in Clio Manage) that’s unique to every member of your firm. For example, when working with a system like Clio Manage, there are a myriad of options to track your time in the way that’s easiest and most convenient for you. This means making things like time tracking more visible and more convenient within your daily routines. Remove barriers and find ways to make your environment more supportive of the behaviors you want to reinforce, and you’ll spend less mental effort and energy trying to create and stick to your habits. Like all good habits, it’s important to find ways to make them part of your day-to-day life. If you’re tracking your time by hand, using pen and paper, not only is it stressful to think about whether that time was tracked accurately, it’s also stressful to worry about losing track of that time sheet before it actually makes it to a bill-not to mention the redundancy of having to rewrite those entries into your billing system each month. This is especially true in documenting the work you actually did for each entry. The irony is that the longer you wait to track your time, the longer it takes to forensically track down how much time was spent on a case by reviewing emails and checking calendar entries. It’s painful for the lawyer, and it’s painful for any staff member that needs to hunt this information down when it comes time to bill clients each month. In fact, so many lawyers opt to leave it to the end of the day, week, or even month (or even longer) to log their billable time. For any law firm that charges by the hour, time is literally money.Īnd even if you’re not billing by the hour-charging flat fees or on a contingency basis-knowing where your time is going is, bottom-line, the best means to ensuring the profitability of your work. You can choose to set a blanket billable rate for everyone working on the project, or apply individual billable rates to reflect different pay grades and contracts within your team.Time tracking can be a complicated and often pain-inducing topic for lawyers. Set an hourly billable rate for each project or case you’re working on. By tracking billable hours automatically, professionals can produce an objective record of all billable and non-billable activity, while outsourcing repetitive, time-consuming firm admin.
#Attorney billable hours spreadsheet excel monthly tracker software#
Keeping a close eye on your billable percentage and being able to account for all billable and non-billable work is critical for preparing for performance reviews.Īutomatic time tracking software is revolutionizing how professional service companies account, report and bill for their work. Tracking billable hours accurately is, of course, valuable for employees too – particularly junior lawyers anxious about spending enough time on client matters. While professional service companies may differ in how they approach them, an accurate, up-to-date account of billable hours is still critical for understanding baseline profitability and productivity. Yet even firms that don’t charge an hourly rate still use billable hours models internally to forecast revenue, refine fixed rates and understand where their teams are spending time.īillable hours inform a ton of different key performance indicators – like utilization rates, billable targets, realization rates. It goes without saying that if your company charges clients by the hour, you can’t bill fairly or transparently without accurate billable hours data.
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We’ll explore the specific features you can use to review individual and team billable hours in real time, as well as visualize billable percentage and understand where you are against your daily capacity. In this article, we’ll demonstrate how you can track billable hours automatically using Timely – an AI-powered software that can capture work activity automatically for professionals in the background while they work. Automation offers professional services companies the ability to refine and streamline billable reporting – improving the accuracy of internal reporting and invoicing, while dramatically reducing overhead spent on billable hours admin. Thankfully, there are smarter alternatives to Excel spreadsheets, paper timesheets and stop/start timers out there.