Lawyers bill clients by the hour. This ensures that firms see maximum returns on their hard work. When the hourly rate was first introduced, firms used manual timesheets. At the time, this was their only option. But technology has come a long way since then. Now your firm can invest in time tracking software that does the job for you. So this article will explore why we should leave draconian timesheets in the past. Next, we will consider how law firm time tracking software will benefit your practice. Then, we’ll tell you why you should consider Amberlo for the job.
Why Traditional Tracking and Billing Methods Don’t Cut It
7 Benefits of Amberlo’s Law Firm Time Tracking Software
1. Maximum Profit For Your Time
Manually logging hours is a huge waste of time. You must log the start time and stop time for each task, along with a short description of each.
Let’s say your firm bills at $250 per hour. Each time you track your hours it takes a few minutes, and you can’t add these minutes to your billable time. If you’re doing around 10 tasks a day, this can add up to around $125 worth of wasted billable time. Five days a week, 52 weeks a year adds up to a whopping $32,000 -and that’s all for just one attorney at your firm! That’s a lot of wasted money lost to tasks that a good software program can do for you.
Amberlo time tracking software incorporates customized billing codes. This negates the need for task descriptions. The initiation and termination of tracking take a matter of seconds. As such, you free up extra time!
2. Ease And Speed Of Billing
3. Better Budgeting
4. Improved Accuracy
Manual input is vulnerable to human error. A forgetful or disorganized attorney might end up in a position where they must estimate hours when start or stop times are missing. Additionally, billing clerks might misread scribbled notes and bill clients incorrectly.
Amberlo law firm time tracking software allows for you to seamlessly transition between clients, using the software’s simultaneous billing options. Digital tracking removes the possibility of human error.
5. Greater Convenience
6. Improved Accountability
7. Greater Security
Tracking hours on paper isn’t a secure way to document billable hours. This method is bad because the documentation is easy to misplace. But that’s not all. It is also not secure. Anyone who lays their hands on physical documentation can read it. Thus, sensitive information is not well protected.
Amberlo law firm time tracking software will provide your firm with a secure data storage center, safe from absent-mindedness, physical damage, and cyber-attacks.
Start Using Law Firm Time Tracking Software Today!
Accurate, efficient time tracking and billing systems are critical to foster a thriving legal practice. Traditional methods are cumbersome and a waste of time and effort. Give our free trial a go to find out firsthand how Amberlo’s law firm time tracking software can revolutionize your billing system!