5 Ways Legal Time Tracking Software Uplifts Law Firms
Table of Contents Legal Time Tracking Software 3 Major Drawbacks of Traditional TimeKeeping 1) Miscalculating Billable Hours 2) Not Tracking Time in Real-Time 3) Completely Averting Time Spent on Non-Billable Tasks 5 Features of Legal Time Tracking Software 1) Tracking Accurate Revenue 2) Tackling Inefficiency 3) Billable Call Tracking 4) Enhanced Billing Accuracy 5) Customized Reporting Features Legal Time Tracking Software Did you know the worldwide legal services sector achieved a substantial $1 trillion valuation in 2021, fueled by an impressive growth rate nearing 5%? Yet, amidst this promising landscape, a sad reality emerges. The latest revelations from the 2021 Legal Trends Report illustrate a less-than-favourable truth. Within the confines of an 8-hour workday, the typical legal practitioner effectively invoices only 2.5 hours, equivalent to 31% of their available time. Tragically, a notable 16% of these invaluable billable hours remain unutilized. So, how are all