"Your ability to accurately capture the quantityof your billable time directly affects the total amount of time you must spend working in order to meet your billable time goals. The greater your ‘capture’ rate, the more time you can spend with your loved ones, on rest and relaxation, and pursuing your outside interests."
Further, "your ability to accurately describe the qualityof your billable time will allow you … to craft timely, persuasive bills that stand the best chance of achieving every lawyer’s ultimate goal in every billable matter: a satisfied client who pays the bill promptly and in full." This is some of the advice given by Margaret Spencer Dixon and Debbie Foster in their article, "Capturing More Time … And Keeping Your Clients Happy While Doing It."
The article is among the resources compiled by the ABA Law Practice Management Section as part of its online resource for lawyers and other legal professionals on the business of practicing law. The four core areas in which the section has compiled information and tips are marketing, management, technology and finance.
Among the other resources on the Web site, are: "The Dynamics of Billing, Profits and Compensation;" "Solos Should Create a Partnership – with their Banker;" and "Not If, But When," which is focused on disaster preparedness planning.
