Small ideas on legal practice, research and technology

Archive for ‘Practice’

A Quick Firm Checkup: How’s Your Billing Realization?

Usually, when a firm’s billing realization rate starts to slip, this is an indication that the firm is using ineffective procedures to do the work, or the responsible time biller isn’t as familiar with the area of law as he or she should be, or both. Either way, it means it’s time to take a look at who’s doing the work and how he or she is doing it, to determine whether training or the implementation of new work processes is needed.
Posted in: Practice

Guard Your Stars – There Be Pirates About!

People don't leave a job - they leave a bad captain, partner, supervisor, an unhappy work situation or a bad co-worker. They also may not feel valued by the firm and accordingly, they start looking for another ship on which to sail. The cost of a turnover alone is estimated at about 1.5 times annual salary for non-lawyers and 2 times annual salary, or more, for attorneys. Factor in the additional lost revenue from a star leaving your firm and you can see that time invested in promoting or rewarding a positive, satisfied and productive crew is time well spent!
Posted in: Practice