News & Analysis as of

Billable Hours

DRI

Law and the Working Parent

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Parents who work outside of the home are not an anomaly today – especially when it comes to parents who work in the legal industry. There have been many advances made in recent years to further support and ultimately ensure...more

Mitratech Holdings, Inc

Leveraging Outside Counsel Data: Moving Beyond Collection to Action

Transforming Insights into Action for Strategic Legal Operations - It’s been a busy few months in legal ops, and our Mitratech team has had the pleasure to be in person at a number of industry events, including ALM’s...more

Rumberger | Kirk

The Young Lawyer’s Survival Guide

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You just graduated from law school and are starting your first job as a full-fledged esquire. No matter the area of law, your thoughts are likely racing, “I’ve passed the bar and I’m licensed, but what now? Am I really ready...more

LawVision

Navigating the Year with Strategic Pricing in Law Firms

LawVision on

Strategic pricing within law firms is more than just setting rates; it is a year-round endeavor that aligns with the firm’s pursuits, understands industry market cycles, factors practice innovation, and, most critically,...more

McDermott Will & Emery

When It Comes to Vesting, IRS Says Once a Long-Term, Part-Time Employee, Always a Long-Term, Part-Time Employee

McDermott Will & Emery on

In this series of articles, we explore the implications of the long-term, part-time employee rules under the SECURE Act and SECURE 2.0 and the impact those rules have on employers and their workforces. Under the SECURE...more

McDermott Will & Emery

IRS Confirms Same Hours-Counting Rules Still Add Up for Long-Term, Part-Time Employees

McDermott Will & Emery on

In this series of articles, we explore the implications of the long-term, part-time employee rules under the SECURE Act and SECURE 2.0 and the impact those rules have on employers and their workforces. Following the...more

Mitratech Holdings, Inc

7 Ways Legal Bill Review Software Can Trim Your Expenses

Maximizing Efficiency and Minimizing Costs: Unleash the Power of Legal Bill Review Software. In 2021, legal teams reported spending only a fraction of the day (just 2.5 hours) on billable work. Flash forward to today, and...more

Mitratech Holdings, Inc

6 Ways Email & Spreadsheets Fall Short For Immigration Case Management

Managing immigration cases can be a complex and time-consuming process. With numerous documents, forms, deadlines, and client communication to juggle, relying on traditional methods like email and spreadsheets fall short....more

Epiq

A Note to CFOs From the Legal Industry

Epiq on

As economists debate whether the world economy is headed for a recession with a “small r,” a “slowcession" or a “soft landing,” CFOs are increasingly turning to the most common way to reduce cost - layoffs....more

Array

In an online world, lawyers still need paper.

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Three years ago we didn’t know that “unprecedented times” and “new normal” would become a mainstay in our cultural lexicon. While some things have faded with time, it seems that some pandemic upstarts like QR codes, Pelotons,...more

Good2bSocial

Selling Value As a Legal Service Provider To Your Law Firm Clients

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Whether you provide law firms with technology, software, or a service, you need to be able to sell value to a law firm in order to turn them into a client. Law firms are bombarded with offers every day to try new products and...more

Array

Law firms face gigantic challenges of business development, efficiency and burnout. Thankfully, there’s a solution.

Array on

We need to do it all. That’s the message thrumming deep in your mind, day in and day out. As a lawyer, paralegal or supervisor in the field, you know the responsibilities pressing in on all sides. We need to do it...more

Mitratech Holdings, Inc

Workflow of the Week: Stop Repeating Yourself with Legal Automation

Smoothing out repetitive, non-billable tasks and reducing lawyer burnout through workflow. Like the rest of us, lawyers spend too much time at work interrupted by the mundane, menial parts of their jobs, and not enough...more

Legal Internet Solutions Inc.

5 Ways to Foster Diversity, Equity, and Inclusion Within Your Firm

Like our law firm clients, Team LISI is committed to diversity, equity, and inclusion (D.E.I.) practices. Diversity includes individuals of different ethnicities, religions, sexual orientations, gender identities, ages,...more

Legal Internet Solutions Inc.

News + Views + To Do’s Episode 3: Patrick Fuller

May 17, 2021 | News + Views + To Do's Interview Robyn: Hi everyone and welcome to LISI’s News + Views + To Do’s where we talk with legal industry professionals about what’s going on in their world, how they see our industry...more

Firesign | Enlightened Legal Marketing

The Hidden Costs of DIY Lawyer Marketing

It may be tempting to take a do-it-yourself approach to law firm marketing, but hidden costs abound that can cost you significantly in time, money and effectiveness. Consider the math. In an analysis of hourly billing...more

LawVision

Pricing 2.0 – Beyond the Billable Hour

LawVision on

I am enjoying the discussion going on these days about hourly billing. Rachel Barnett of Brooks Brothers recently outlined a well-articulated view of the negatives of the billable hour. Colin Jasper then turned the topic...more

Reveal

Legal Operations and KPIs: Where to Start

Reveal on

In a recent Above the Law article, Mike Quartararo, President of ACEDS, said, “You want to know why the billable hour is so entrenched and not going anywhere any time soon? It’s because it provides a direct, measurable metric...more

Reveal

How to Turn eDiscovery into Baby Carrots: 5 Models for Recovering your Law Firm’s eDiscovery Costs

Reveal on

It’s not uncommon for companies to look for ways to turn losses into profits, and the baby carrot, of all things, is a perfect example of this. California carrot farmer Mike Yurosek came up with the idea for the baby carrot...more

JD Supra Perspectives

When Will the Billable Hour Die? Conversation with Law Firm Change Agent John Chisholm (Part One)

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Changing the ways lawyers charge for their services and, equally important, the ways that clients pay for them, requires more than flipping a switch and sending out a different type of bill. ...more

LawVision

What To Do When Your Prospect Objects To Your Fee

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Fee objections happen often, but they are not always what they seem. Next time a prospect objects to your firm’s fees, think about the following questions: Is it real? Is it time? Is there something else? Is that all?...more

LawVision

10 Trends Law Firm CMOs See Happening Right Now

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In a recent roundtable meeting of CMOs from mid-sized regional firms, participants identified 10 trends they are seeing in 2017....more

LawVision

Q2 – The Bellwether of Annual Performance for Law Firms

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Last month I posed the question, “What if you didn’t hit budget in 2016?” This month, I want to look forward into 2017 and offer some prospective advice to help leadership teams either hit budget or optimally manage...more

Proskauer - Minding Your Business

The Growing Importance of Data Analytics for Corporate Legal Departments

This month, the Coalition of Technology Resources for Lawyers (“CTRL”) released the results of its survey regarding the use of analytics by corporate legal departments. Data analytics is the use of specialized data systems or...more

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