You probably know how many hours you’re in the office, but do you know how much you’re working? And if you do, how many of those hours are you billing? How much are you giving away?
Time tracking is essential for an lawyer. If you don’t know where you’re spending your time, you can’t ensure you’re putting it to the best use. So, as Ellen Freedman said at the Solo & Small-firm Conference in Philly 2 weeks ago- “what’s keeping you from keeping time?”
Hey- and yes, even if you’re value-billing, you need to track your time. It’s essential for pricing and it will help you improve profitability. We talked about that before, I think. It’s a rant of mine, so I assume we have…
Set yourself up to track your time accurately and completely. Account for the hours in the office. Do it for a week and see what you learn. Don’t think about doing it, just start. Tomorrow morning.
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