Bill4Time

Bill4Time Blogs

Blog Authors

Latest from Bill4Time

A rate increase can do harm to your relationship with your clients. You might be concerned as to whether your clients would even pay it? Would they pay you $1,950 per hour? These are the rates elite attorneys are charging at high priced law firms. Their clients are eager and willing to pay it. So they increase their rates. These elite attorneys give themselves a 3 to 4 percent raise each and every year. Again,…
Are your fees reasonable for your clients? How do they impact your firm’s realization rates? It’s 2016. Cravath, Swaine & Moore LLP has just stated that it would boost it’s starting pay for junior lawyers to $180,000. Firms across the country scrambled to follow suit. Those increases have continued to today where an associate’s starting salary hovers at $190,000. How did clients respond? With protests. Clients complained against the rate increases firms were paying their…
Work used to be all about labor. If a problem needed to be solved most firms simply threw more hours at their challenges. It’s no surprise then that the results were often hit or miss. That’s no longer the case. Today there’s a significant demand for legal technology. Investors have caught wind of this trend and they’re rushing to meet (fund) the demand for legal tech. Are investors really all that interested in law firms?…
Diving headfirst into legal tech solutions that you’re unfamiliar with can be a bit, disconcerting. It also can be counterproductive. A few early adopters are willing to take the inherent risks that come with trying something new. But is it worth it? If you start slowly, use the right tools and begin with a concrete plan the answer is a resounding Yes! Here are three practical ways to use legal tech solutions in your firm.…
The legal tech landscape is changing yet again as technology shifts to accommodate industry changes and client demands. Ironically, adopting legal tech trends can be challenging for firms that aren’t natively digital. Most firms aren’t ready. But that’s changing rapidly. Research shows firms are beginning to adopt a forward-looking stance to remain competitive. For most firms, this is simply exchanging one problem (outdated tech) for another (inadequate tech). These changes in legal tech trends adoption…
Is it possible for your small to medium firm to consistently outperform larger, more established competitors? To produce the kind of performance, value and profit and your firm needs to grow rapidly? It’s tough at times, isn’t it? Many attorneys are looking for a way to produce stellar work and irresistible results for their clients. There’s a simple platform top performing firms are using to run circles around their larger and better-funded competitors. I’m talking…
Do you need it? The 2017 ABA Legal Technology Survey shows that law firms need help with a specific set of practice management tasks. The report states the majority of firms need help with management tasks as opposed to more specialized items. What does that mean? It means attorneys need help managing the day to day aspects of their firm. Billing and invoicing Document storage, management and retention Project, people and task management Managing calendars,…
It sounds unreasonable. Researchers say you’re going to fail to keep your New Year’s Resolutions, but you should try anyway. At first glance, this sounds ridiculous. Why set yourself up for failure? Because your New Year’s resolution is one of the best ways to create a virtuous cycle of success. Success leads to more success, and success typically begins with a goal or a plan. The hidden secret to New Year’s resolution success It’s…
What would it be like to produce stellar work consistently? It sounds like a dream. The reality is even more surprising. But it’s completely possible for firms that rely exclusively on cloud computing to get the work they need done. The cloud produces incredible benefits for firms that use it. What kind of benefits? Let’s take a look at those now. Benefit #1: Consistent quality of work Most attorneys are used to having things done…
The� Bill4Time product team releases new and enhanced features, system improvements, and bug fixes several times per week.� Organized by month, the Release Notes blog series will highlight all the changes we’ve implemented, so you can easily stay up-to-date on what’s new. If you have a question, feedback, or an idea – please leave a comment below! Happy Holidays from all of us to all of you!� As we close out the year, we would like to…