Flat booking agreement formatFlat Sale Agreement • August 18th, 2022
Contract Type FiledAugust 18th, 2022Billing is critical to the success of your law firm. And yet law firm billing, including billing clients and chasing down payments, can be one of the most time-consuming, repetitive, and dreaded parts of any lawyer’s day. According to the 2020 Legal Trends Report, lawyers record only 2.5 billable hours per day on average, with the rest of their day going towards various non-billable tasks. These tasks often include billing-related activities like preparing and sending invoices, processing payments, and updating trust ledgers. The law firm billing process In many cases, the law firm billing process looks something like this: The firm brings on a new client and opens its case. Billable time and disbursement fees/expenses are logged throughout the case. At the end of each month (or at the end of the case, if it’s a shorter case), bills and expenses for each client and case are put into a draft bill. Attorneys add notes and adjust costs as needed and approve the bill. A final version of th