When reviewing your firm's financial health each month, how closely do you look at your time entry performance? If your answer is "never," you're not alone. Although most firms are looking to drive additional revenue, the time card rarely comes into focus as a means to achieve it.
The timecard is the unit of revenue for firms, and, therefore, firms can benefit tremendously from scrutinizing their timekeeping practices and removing barriers to time entry. That's why we put together this infographic.
In this infographic we will learn:
The importance of contemporaneous time entry for law firms
Where law firms stand in terms of time entry policy, and compliance of such policy
Are law firms leaking time due to poor timekeeping practices
Check it out and learn how time entry directly affects your firm's financial performance, and how it can be used to leverage growth.
How has time entry impacted your firm financially? Share your experience in the comments section below.
This infographic is the result of a survey conducted by LVS, representing about 100 law firms employing 150 or more attorneys. Please click here to download a copy of the survey report.