The bane of most fee-earners lives, time recording is an essential part of modern professionalism, ensuring as it does that the firm has enough money coming in to keep the bills being paid. With more work being done on a fixed fee basis, however, is there any need to keep a log of how much time is spent on each matter? Yes, indeed – firms must become even sharper in logging how much each matter is costing to ensure future profitability.
This seminar will look at the importance of time, the value of time, the costing process and the importance of recording everything for the benefit of management.
This topic will likely be of increasing importance as the SRA’s mandatory pressure for law firms to publish their prices comes on stream.
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