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7 Time Tracking Fixes to Boost Billables

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"7 Time Tracking Fixes to Boost Billables"

Imagine running a marathon where every step earns revenue for your firm. But without a way to track those steps, you don’t know how far you’ve gone or how much you’ve earned. You’re running blind. That’s what it’s like practicing law without effective time tracking. In the legal profession, every minute counts. If you fail to log time accurately, you’re leaving money on the table. This guide offers seven actionable strategies to ensure you’re running profitably.

Do you really need a 
time-tracking tool?
Every action has value in legal practice, from 
client meetings and quick follow-ups to drafting 
documents and conducting research. But if you’re 
not tracking the time you invest in these activities, 
you’re in the dark about your process (and progress). 
Modern time and billing software offers a way 
to track time accurately, no matter where you 
work. Using a time and expense-tracking platform 
ensures you get paid for every minute worked. 
If you don’t bill by the hour, time-tracking tools can 
still offer essential insights you need to make smart 
business decisions for resource allocation and 
matter fees.
Accurate time tracking also protects your bottom 
line. It’s easy to underestimate how much time you 
invest in every task. The difference between actual 
and estimated time may seem trivial at first, but 
minutes here and there can add up to missing hours 
and lost revenue over the span of a week.

The right tools will support your firm’s compliance. 
According to the American Bar Association’s Model 
Rule 1.5, you must be able to accurately log time and 
expenses to avoid charging clients “unreasonable” 
fees or expenses. It’s part of developing trust to 
build stronger client relationships.
With built-in reporting tools, you can analyze your 
firm’s data over time to foster long-term growth and 
smart resource allocation. Time-tracking software 
isn’t just about more accurate billing; it’s a way to 
get valuable insights into the efficiency of your 
practice and run it like a business.


 


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