The Clio Legal Trends Report: Big Data for Small Firms
Clio has released a legal trends report with data on billable hours, most profitable practice areas, and more. It is a must-read for lawyers who want to make data-driven decisions about their practice.
Comparing Credit Card Transaction Fees for Law Practice Management Software Billing Portals
Accepting credit cards from clients used to be a complicated mess. But many practice management software providers now make it easy to credit card payments.
Timekeeping and Billing Software Buyers Guide
For many lawyers, timekeeping and billing are still central practice-management functions. And even though I am using the word *timekeeping* in this post, timekeeping and billing software for lawyers ought to support flat, contingent, and other alternatives to hourly billing.
The Strangest Things Lawyers Have Tried to Bill For
From recording billable hours to explaining fees to clients and reviewing the bill all over again, billing is rarely fun and provides little creative outlet. That is unless you’re doing it wrong.
Clio Introduces Campaign Tracker and Clio Payments
Today at the Clio Cloud Conference, Clio introduced two brand-new features: Campaign Tracker and Clio Payments.
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.