The Road to Not Getting Paid is Paved with Good Intentions
There is no great secret to getting paid. All you have to do is follow this rule: never work unless you have been paid.
Even Yale Knows Billable Hours Are Awful
Working on the billable hour model is a lesson in the law of diminishing returns. At least that's the takeaway from Yale Law School's Career Development Office. According to Yale's numbers, to bill 1800 hours per year you would have to "work" over 2400 hours.
How to Love Doing Your Timesheet
Next time you find yourself ranting about your timesheets, consider whether you can use your bills to make yourself happier.
Do Discounts Lead to More Past-Due Accounts?
This infographic from Lexis Nexis is based on a survey of Lawyerist newsletter subscribers this past July.
The Myth of More Time for Billing
Before you use "more time for billing" as an excuse to hire someone or buy something, consider whether you would actually be able to make good use of that time.
How to Offer Subscription Fees
Subscription fees can be a great fit for legal services, depending on your practice area and whether your clients have ongoing legal needs. Here's how to offer them.
Freshbooks is Awesome, but Not For Accounting
Freshbooks is excellent billing software with a few accounting features grafted on. It is not accounting software. It is woefully unsuitable for accounting.
Freshbooks: the Gold Standard for Timekeeping and Billing
Freshbooks is the gold standard for timekeeping and billing. It's easy to use, mobile-friendly, and comes with world-class customer service.
Breaking the Time Barrier: How to Unlock Your True Earning Potential (Book Review)
In order to understand difference between time and value, just read Breaking the Time Barrier. In about an hour, Mike McDerment will get you up to speed on the fundamental difference between churning billable hours and delivering value to your clients.
Billing To Avoid Ethics Complaints
The best defense when questioned about your billing is solid documentation. It may even prevent charges against you.
Viewabill: Alan Dershowitz Wants Your Clients to Know What You Are Doing
Clients hate surprises. This is especially true when it comes to your bill. The solution is to have an ongoing conversation with your clients about costs. For some reason, though, a lot of lawyers have a hard time talking to clients about money. This means invoices are often the only communication happening, which is more […]
LA Lawyer Suspended for Charging Legal Fees for Non-Legal Work
Katherine Guste was suspended from practice for two years for charging legal fees for non-legal services. Would you have done the same thing?
What Really Makes Clients Want to Pay Your Bills
There is no trick to having happy clients; they are the result of hard work, good communication, and good choices.