Time Recording & Billing for Legal Professionals - Test Your Knowledge

Introduction

Although recording time has been the billing method of choice for many, it is rare not to encounter problems in capturing and realising all the time being spent.

Problems with a time recording culture include time dumping to meet targets and expectations, or self-assessed reductions in time spent which ultimately pre-determine limitations on eventual billing.

This 1-hour e-learning programme will examine why time recording is vital in achieving financial success with hourly rate billing, its uses in management information and the detail needed to support and inform the time spent. Specific guidance will also be provided for time recording for solicitors in litigation.

What You Will Learn

With interactive learning activities, knowledge checks and key reminder messages, the programme covers the following:

• The relationship between time and profit
• Why we have time leakage and how to avoid it
• The key metrics to maximise profit
• Time recording best practice and tactics, plus specific guidance for litigation solicitors
• Using time recording as a management tool
• Using technology to get the most out of hourly rate billing, pricing and profitability

You can take each section at your own pace, picking up where you left off and are able to see your progress throughout.

The programme concludes with an assessment. Your score will be recorded and 'super-user' reporting functionality for the organisation as a whole is available in the MBL learning platform.