![]() It may be hard to determine between a great new idea that deserves adoption and something that sounds good but may not work well in practice.īut there’s one observation that I can make today with a great deal of certainty. It is hard to adjust to changes in technology and standard business practices. That makes it hard to know how well a different fee structure is working without any accounting for time invested.īut I hope by now most lawyers reading this are not filling out timesheets by pen and ink on paper regardless of the fee structure arrangement that they may have with clients. Hours invested by a lawyer working on a client file may not always directly correlate with value to the client, but they do directly correlate with cost of production for the law firm. Sadly, while others disagree, Mark and I believe alternative fee agreements do not necessarily do away with the necessity for recording time or tasks on a daily basis. We co-authored two books on alternative billing including Winning Alternatives to the Billable Hour – Strategies That Work, Third Edition (2008) and in 2014, Mark published Alternative Fees for Business Lawyers and Their Clients. Oklahoma City attorney Mark Robertson and I have spent time discussing alternatives to completing timesheets. ![]() (You don’t bill, you don’t get paid.) The reality is that it is sometimes hard to maintain this discipline when a client is holding on line 1, another is here for their appointment, and you have a deadline to file a pleading this afternoon. On its face, this is a simple exercise that should be a part of the daily routine and should be happily done for the direct rewards it provides. A common complaint among lawyers is the painful necessity of filling out timesheets so that the clients can be accurately billed. ![]()
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