Law firms use the Uniform Task-Based Management System (UTBMS) to list and categorize services on client invoices. The UTBMS comprises a coding structure to ensure each task is completed, documented, and categorized. This way, law firms can accurately gauge spending habits and quickly identify any problems that arise. What Are ABA

Before we jump into accounting reports, let’s take a step back and picture how people invest time into their everyday lives on different levels. Think about what specific goals you want to achieve either in your professional or personal life. Health, family, business and fitness may come to mind. Reports

Many law firms rely on the traditional billable hour for legal services, but there’s a growing trend for law firms to adopt value billing. More than just an alternative fee structure, value billing offers clear expectations, better client experiences, and fees for legal services that offer true value for both

Efficient billing practices are essential for the success of your law firm. However, the time spent on billing can often become time-consuming, detracting from the productive hours of your day. Furthermore, this time spent on billing is typically not included in your billable hours, resulting in potential revenue loss.  Fortunately,

With court cases, client meetings, and other business that lawyers may need to address outside of the office, relying on manual time tracking or being tied to a desktop to track time can be a burden when it comes to accurately recording hours. Managing partners of law firms are looking

It’s no secret that law firms can have a large number of tasks to complete at any given time. From administrative duties and court cases, to client intake meetings and discovery calls, there’s no shortage of tasks. With the intricacies of a law firm’s workload, it’s no surprise that many