The Small Firm Billing Problem
Intuition would lead you to believe that legal fee earners diligently track and bill for all of the hours they work (especially those earners who bill by the hour.) However, that intuition would be incorrect. Multiple studies have come to the same sobering fact: most fee earners only bill approximately 2 hours a day. The resulting 6 hours a day (30 hours a week!) is work that your law firm provides without taking credit for the expert services you deliver. This guide reveals the extent of this problem and—most importantly—provides solutions.
This free guide covers:
- How to bill for an average of an additional 2 hours a day
- How each fee earner in your law firm can bill approximately $137k a year more
- How to bill more without charging your clients more
- Why tracking billable hours is just as important for fixed fee and contingent earners as it is for hourly earners
Underreporting your hard work does you and your firm a disservice. What might sound like a simplistic business pitch isn't: your law firm likely doesn't bill for the work it actually does. This guide—supported by years of data and case studies—explains the billing problem you may not know you have. And, informed with the right information, this guide empowers you to fix the problem without passing a burden onto your current and new clients.