a member of the 
This program explores time... how lawyers perceive it, how they use it, and how they document it.
An accurate, reliable system of time records is one of the most important tools that lawyers have to manage their practices. There are direct correlations between strong time management skills and financial success in law firms. We see the influence of effective timekeeping and time management in:
Billing realization: the percentage of professional work performed that is billed to clients
Collection realization: the percentage of work billed that is actually collected
- Average fee revenue per lawyer
In other words, lawyers who keep accurate time records are more likely to bill a higher percentage of the work they performed. They are more likely to collect a higher percentage of the fees that they bill. They are more likely to produce a higher average fee revenue per lawyer.
Most importantly, they are more likely to report higher levels of professional satisfaction and less work-related stress.
Time --- The Lawyer's Most Important Practice Management Tool is a unique professional development program that not only reinforces the importance of accurate timekeeping by fee earners, but also provides practical strategies by which individuals and groups can use time records to improve the efficiency, professional quality, and profitability of their work. The principal components include:
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A custom-designed developmental program specific to the practice, client base, and time and billing system of your law firm
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A copy of the Walker Clark deskbook Time: The Lawyer's Most Important Practice Management Tool for each participant, custom-designed for your firm
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A six-hour business meeting to explore the concepts, tools, and methods in depth
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The Walker Clark Living Case StudyTM --- individual action plans and coaching by Walker Clark business advisors for 90 days after the meeting, in order to help each participant apply the program's knowledge, skills, and tools to his or her practice
Who should participate?
This program is intended for all law firm fee earners. It can be customized to meet the experience and responsibilities of each fee earner group (such as partners, associates, paralegals, legal assistants, or other non-lawyer billing professionals).
Next steps
To learn more about Understanding Law Firm Economics, or to request a proposal for your firm, please contact us by e-mail or by telephone at 1.239.466.8370.
