How Top Performers Keep and Manage Time

Posted by Gaby Isturiz on Jun 12, 2017 12:48:06 PM


There are many ways to gain recognition within the legal community. With many lists showcasing super lawyers and rising stars, what defines today’s top performing attorneys? You may or may not be surprised to learn that the answer revolves around time - how it’s managed, how it’s tracked and how it is valued. In this post, we’ll discuss the approach that today’s top performing attorneys take to time - one of our most valuable resources as professionals.

Topics: Contemporaneous Time Entry, Attorneys


Timekeeping for Accounting Firms: 3 Reasons Why it Matters

Posted by Gaby Isturiz on Mar 22, 2017 10:56:51 AM

 TIMEKEEPING IS NOT JUST FOR ATTORNEYS. ACCOUNTANTS AND OTHER PROFESSIONAL SERVICES FIRMS PUT SIGNIFICANT FOCUS ON THEIR TIMEKEEPING PRACTICES.

 

 

Like attorneys, accountants and other professional services professionals must keep rigorous records of their time. In the past, we've focused mostly on the legal industry and its timekeeping challenges, but it’s time to widen the scope of our conversation. After all, accounting firms devote significant care in order to maintain timekeeping accuracy and understand how important it is for them to manage their time entry policy.

Topics: Contemporaneous Time Entry, Accounting Firms


How Bernstein Shur Improved Results Through Timekeeping

Posted by Gaby Isturiz on Nov 18, 2016 12:00:00 PM

 

For many firms, timekeeping is a sore subject. Attorneys hate doing it because many of the existing processes and technology in place adds complexity to an already hectic day. Yet, timekeeping cannot be ignored because its accuracy drives financial performance, client satisfaction and attorney productivity.

Topics: Contemporaneous Time Entry, Time Entry/Time Keeping


How Time Entry Affects Morale At the Firm: The Staff Perspective

Posted by Gaby Isturiz on Jul 29, 2014 8:28:00 PM

 

How’s the weather at your firm? Do you experience any changes in temperature around your time entry deadline? If you do, you’re not alone.

Topics: Contemporaneous Time Entry


Do It Now: Five Benefits of Contemporaneous Time Entry

Posted by Gaby Isturiz on Feb 13, 2014 2:19:00 PM

On an intuitive level, “do it now,” as opposed “save it for later” makes sense. After all, why put off an important task when you could take care of it right now and breathe a little bit easier knowing that it is complete?

Easier said than done. For most of us, this isn’t reality. In fact, while only 20% of the population are considered clinical procrastinators, everyone procrastinates some of the time. In fact, people are more likely to put off a task that they don’t like to do until later. And, since most people don’t exactly consider themselves time entry enthusiasts...

Topics: Contemporaneous Time Entry


The Problem with Reconstructive Time Entry

Posted by Gaby Isturiz on Jan 29, 2014 9:00:00 AM

In the legal world, everyone keeps time. But, how accurate are those time logs?

Has your firm ever measured the time elapsed between the time that the work was completed and when the time recorded? For most firms, the average is about 5 to 7 days.

Why does this matter? Well, because the longer it takes to record an activity the less you will remember. It will all even out eventually, right? Probably not.

Topics: Contemporaneous Time Entry, Time Entry/Time Keeping


Time Capture vs. Contemporaneous Time Entry

Posted by Gaby Isturiz on Nov 18, 2013 5:28:00 PM

“Time is money.” We’ve all heard that before. In order to maximize revenue and accuracy at your firm, you’ll need to decide on the right method to account for your firm’s billable hours. This decision is critical to growing your firm and achieving your business goals.

Topics: Time Capture, Contemporaneous Time Entry


What Is Contemporaneous Time Entry?

Posted by Gaby Isturiz on Nov 17, 2013 7:29:00 PM

19875974_s-1Contemporaneous, according to the Merriam-Webster dictionary , means “existing, occurring or originating at the same time.” Applied to the practice of time entry, contemporaneous time entry occurs when time is recorded as a task is being completed. It’s real-time time entry.

Topics: Contemporaneous Time Entry