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Often controversial and famous Supreme Court cases result in new interpretations of existing law or a new legal concept altogether, and that’s why landmark cases are such a big part of history and understanding the way the current legal system is shaped. In the United States, the Supreme Court handles mostly important court cases, so controversial decisions impact the shape of the country’s history. The laws that impact us in everyday life are heavily impacted…
Often controversial and famous Supreme Court cases result in new interpretations of existing law or a new legal concept altogether, and that’s why landmark cases are such a big part of history and understanding the way the current legal system is shaped. In the United States, the Supreme Court handles mostly important court cases, so controversial decisions impact the shape of the country’s history. The laws that impact us in everyday life are heavily impacted…
The billable hour is a cornerstone of the legal profession. For generations, lawyers have relied on increments of time to create value-based billing and quantify the services provided to clients. The more time a matter takes, the more lucrative it is for the attorney and the law firm. Yet, as the practice of law evolves and advances, attorneys are realizing that this model of value-based billing may not be the optimal choice. Many attorneys are…
Like any successful business, the success of your law firm’s profitability requires dedication, hard work, and attention to details. This means that you should be running regular reports about your firm’s performance in order to identify areas for improvement and make necessary changes. Key Performance Indicators (KPIs) are often talked about within the business arena, but may lawyers have no clue what they are or how they can help them increase their firm profits. The…
Like any successful business, the success of your law firm’s profitability requires dedication, hard work, and attention to details. This means that you should be running regular reports about your firm’s performance in order to identify areas for improvement and make necessary changes. Key Performance Indicators (KPIs) are often talked about within the business arena, but may lawyers have no clue what they are or how they can help them increase their firm profits. The…
Developed in 1999, TimeSolv has emerged as the leader in time & expense tracking, billing, and management needs for businesses around the world. Our software is used by thousands of professionals in various industries, including legal, technology, engineering, health, marketing, design, and advertising. Raza Hasan, the TimeSolv CEO explains, ‘We believe in providing the best time billing services for law firms and other professionals.’ Let’s take a look at some of the incredible tools offered…
This week’s Tip of the Week will look at how users can quickly view invoices with outstanding balances and resend them out to their clients. This is a simple and easy tip to help our users save time when payments are due and reminders need to be sent out. Head under Invoices>Sent screen. This screen will display all sent invoices in the date range shown at the top of the screen. Users can change this…
Far too many solo and small law practices utilize outdated and ineffective tools for their legal accounting needs. If you are one of them, you could be putting your firm at a significant disadvantage. Inadequate legal accounting software can lead to excessive amounts of time spent on accounting tasks, as well as the potential for increased billing errors. Whether you are stuck in the stone-age of paper systems or using accounting software that is not…
As members of a profession highly steeped in tradition, many attorneys choose to run their law offices with tools and resources that have been utilized within the legal community for years and even generations. When opening a new practice, young lawyers may look to their older and more established peers for law practice management guidance. Unfortunately, this may lead you down the road of outdated, expensive, and ineffective software systems. It only takes a quick…
While TimeSolv allows its users to save contacts under two different areas of the software – the matter level and the client level – it is important to emphasize that when a contact is created at the client level, you DO NOT need to create that contact again at the matter level if they are the ones receiving the invoices. We often find many of our users create a duplicate contact at the matter level…