What’s your R&D ratio?
If you’re a lawyer and don’t see the relevance of the question to your legal billing software, think again.
Big business has long known that the way to raise the bottom line is to invest some of today’s profits into tomorrow’s research and development. While lawyers subscribe to all sorts of legal updates (the research part), they are often slow in the adoption of technology (the development part).
Perhaps it’s time for lawyers to take a lesson from big business with an investment to purchase Easy Soft’s attorney billing software to increase future profitability.
With Easy Soft’s lawyer billing software, you record your time on a daily basis so you don’t miss any entries. You run the clock when you are doing billable work in the office. You input entries from delivery of professional services outside the office, as soon as you get back.
When you use our lawyer billing software, you also gain valuable management reports. You can also use your Easy Soft attorney billing software to create an overview of the week’s billing, including the total number of hours billed. Our management reports are created with the click of a button.
So, what if the billing report shows you are billing less than 20 hours per week for clients with funds on retainer? Instead of being disappointed in your performance, turn your legal billing software report into an opportunity for profitability. Do you forget to make time entries? Cross-reference your calendar and expense receipts against the entries you made in your attorney billing software to ensure that all billable work and reimbursable expenses are recorded.
Are you spending too much time on clients with overdue balances instead of prioritizing clients with money in your IOLTA? Even if your loyalty is virtuous, non-payment of your fees means non-payment by you of your own bills.
In the current economy, it is tempting to pinch pennies as another reason to put off buying legal billing software. But, a recent article in the Realty Times called this approach “The Big Mistake.” Using a “scarcity mindset” to constrict the flow of capital used to invest in your own business limits your opportunities for profitability and growth.
Today is your opportunity to turn scarcity into profitability with Easy Soft’s attorney billing software. Purchase your copy today, and start realizing higher profits within the hour.