Monday, March 11, 2013

Metrics start with data

A recent post on attorneyatwork got us thinking.

Yes, determining profitability and analysis of your metrics is critical to continued success - after all, you can't stay in business without money coming in the door.

But from many of our conversations with solo and small firm attorneys, that's almost putting the cart before the horse - because, frankly, they are having trouble keeping accurate billing records or determining if the flat-fees they charge properly account for the time actually spent on the matter.  While there is an important discussion that can be had about the utility and logic of flat-fee billing, it's not uncommon for it simply to be the refuge of the attorney who doesn't have a good timekeeping system in place.

We've been there.  I don't think anyone (OK, maybe masochists) ENJOY time-keeping, but it's critical, regardless of how you decide to charge your clients.  All the advanced metrics in the world can't help you if you don't have the original data to drive them.

We can make it easier.  Let us show you how.

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