1.
How Much Money is Time
Really Costing You?
Lawyers lose on average
33% of billable time
through a lack of time
recording discipline
52%Of Lawyers are not
happy with their
current Billing
Method
68%Of Firms who use
Fixed billing (AFA)
do not know their
cost of sales!
97%Of Lawyers prefer
to use Timekeeping
software vs
traditional methods
$16%of Lawyers are unable
to tell which is more
profitable: Fixed or
Hourly Billing
Many lawyers using AFAs
(Fixed Billing) are reverting to
time billing as an additional
method to review and manage
profitability or plan budgets
A Quick Guide for The Business Minded Legal Professional
200
Hours are lost per
year per lawyer
3 out of 9
Ho u rs rem ain u n b illed
£36K
Lost per year per
Lawyer
1/10
of time is lost if
n ot record ed
u ntil th e en d of
th e d ay
Top 3 reasons why firms
record time when using
AFAs (Fixed Billing):
Example 1
Example 2
Example 3
Learn more and sign up for a free trial:
www.lawyertime.zone
Findings based on Interviews carried out with 80 lawyers in UK
Assess the profitability of a matter
Measure a lawyer’s productivity
Prepare realistic budgets
Billing and Timekeeping Software
for the Legal Profession