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Computation of Benefit - Lost Time
Inefficient and cumbersome time entry programs allow small billable transactions to be missed.
The L.A.W.S./Pro calendaring system, and the recommended
procedures for its use, deliver features designed to capture easily missed billable transactions.
Analysis of Costs:
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Based on the efficiencies gained with the proper use of L.A.W.S./Pro, it
is estimated that attorneys utilizing the application will recapture 1/2 hour of billable time
per day which would otherwise have been lost. One half hour per day totals about 125 hours per year.
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Computation: (125 hours per year * Average rate of $150/hour ) |
$18,750
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More Info
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Rule of Thumb-
The greater the time between the performance of services and the recording of
those services for billing, the less likely that all time will be accounted for accurately.
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L.A.W.S./Pro Calendar-
The L.A.W.S./Pro calendaring system provides
a simple and efficient means of managing scheduled appointments as well as recording
billable time and expense transactions.
<<more>>
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