Ten Truths of Timekeeping

When:  Jan 14, 2021 from 10:00 AM to 11:00 AM (ET)


Hosted by: Tikit

Time doesn’t stand still and neither should the technology you use to capture billable hours. Price competition, commoditization of legal work, alternate service providers, compliance and e-billing, P3 (Pricing, Project management and Process) initiatives, and consumer-based technologies have all changed the game. It is now more important than ever in these challenging times to maximise firm revenue to propel your firm forward through the pandemic and beyond. In this session, we will discuss the future of time recording for law firms and how that by ensuring that hours are recorded efficiently and accurately can, not only improve your client relationships, but ultimately your firms bottom line.

Outline: We will discuss:
• Getting ‘time in on time’: A solution to record time that is almost an afterthought just doesn’t cut it anymore. We will delve into the latest innovations in recording time and measuring performance across the firm.
• The carrot or the stick?: If the technology and processes are in place, how do you motivate your fee earners to use and follow them?
• The end of the billable hour… or more a transformation of it’s role? Can time recording data and metrics inform and aid the transition to a transactional model, when appropriate?
• Compliance vs revenue: Healthy co-existence or conflict of interest?


Peter Zver - President, North America, Tikit


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