Summary
We are still talking about the fourth of the five areas that make up every business in the world. That area is billing. The other four areas are: Clients or customers; Administration; Getting the work done; and Collecting.
In talking about the area of billing, it is very important that you talk about all of the administrative aspects of billing to be sure you understand that billing is not just keeping track of your time. The concept of billing is multifaceted. Billing is being sure that you bill your clients on a timely basis. Billing is being sure that you keep statistics on whose time was billed. Billing is keeping track of your accounts receivable and whose time was paid. Billing is being sure that your clients are being billed reasonable amounts for reasonable services, and that you are putting in reasonable amounts of time on contingent fee cases in light of the amount of your hopeful recovery.See the full content of this document
Extract
Commentary: The Recap: Looking Back On Your Work Process
We have previously talked about many of these areas, but this week I would like to talk about work in process recap. Simply stated, each responsible lawyer gets a work in process recap on every case every month in our office. Remember, the responsible lawyer is the lawyer who is responsible for bringing the case in the office, an...
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