Objectives

Fee earners are generally skilled at providing a service to clients but less good at recording all of their time in a consistent way. As a consequence, firms cannot show clients what they have actually done and often under charge for the services provided. This under recording of time can also lead to inefficiencies in working methods remaining undetected. The session will show fee earners how to record and bill a larger amount of time each day without working harder.

To understand the financial implications of accurate time recording. Glean tips and techniques
for effective time recording practice and ensure the timely dispatch of bills.

Content

  • Introduction and overview
  • Time recording case study – how do you currently record?
  • Why making a profit matters & the relationship between time recorded and profit made
    • The beneficiaries of increased profit
    • Normal levels of profit and the impact of higher levels of time capture
  • Best practice for time recording
    • It is about recording the ‘cost’ of something and not its ‘value’
    • The four key principles that need applying in every situation
    • Learning to write client friendly narratives
    • Linking the time recorded into the subsequent billing process with the use of billing notes
  • Time recording case study – applying best practice to see the correct answers
  • Ensuring that most additional time recorded is eventually billed without upsetting the client
  • Learning to review management information provided to improve time capture, efficiency and fee generation
  • Action planning & conclusions
There is also an e-learning version of this available, see link below: 

https://taylormowbray.teachable.com/p/time-recording

Who should attend: All fee earners

Testimonials:
"The course instructor was engaging, informative and made the subject matter very interesting"
"I would recommend this course to anyone that needs to record time, whether that be a legal secretary, a paralegal, a solicitor or senior solicitors"
"Great course which will change my time recording practice. I will record everything from now on and use billing notes."

How To Book

Please contact your Learning & Development Manager if you are interested in this course.