You might be aware that the Legal Services Regulation Bill is soon to be introduced. The President of the Law Society Mr. Donald Binchy recently stated “Economy aside, one of the biggest issues facing the legal profession today is the Legal Services Regulation Bill”. With this in mind, Legal I.T. is working with solicitor firms to help prepare them for the new business challenges the bill presents.
Legal Time Recording
As clients continue to demand higher transparency, law firms are under an increasing amount of pressure to standardise their in-house procedures and justify their fees. At Legal I.T. we know that sound financial management starts with time recording.
Time recording data is not only useful from a management point of view but can help a firm analyse where they are making money and where they are losing it. Fee earners who are more disciplined with their time recording software tend to be better at billing and collecting cash – as the more time you capture, the more time you bill. It also enables clients to have a better understanding of the time and work that has gone into their case.
At Legal I.T. we can help firms implement this process quickly and easily.
Contact us today on 021 482 6320 or email firstname.lastname@example.org to set up a free online demo or to find out more about legal time recording.