How to plug profit leaks within your firm according to One Advanced
OneAdvanced Legal | Resource | 1 May 2024
For law firms, the billable hour stands as both a bedrock of their revenue model and, paradoxically, a source of potential loss. Despite being the most common and preferred pricing method among legal professionals, the billable hour opens the way for the biggest form of profit leak, sub optimal time capture.
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Is it time to ditch annual reviews? Find out more with Advanced
OneAdvanced Legal | Resource | 17 April 2024
Annual performance reviews are a well-known facet of law firm life. Yet, as we see changing cultures both in terms of digitisation, the make-up of our offices, and the greater need to nurture and retain talent for law firms, many are now asking themselves whether it is time to redefine how we evaluate and coach their legal talent.
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Where time recording falls down (and how to pick it back up) – find out more with Advanced
OneAdvanced Legal | Resource | 14 April 2024
Every minute spent on a case needs to be accurately recorded and billed to ensure that law firms can operate efficiently and sustainably. However, despite the importance of time recording, 61% of firms struggle with the capture of billable hours, which can lead to missed or incorrectly logged hours. Let’s explore some common challenges and strategies to overcome them.
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