October 2019 (2) blog photo

One of The Top 5 Ways That Firms Lose Major Money Is…

According to studies compiled by Ann Guinn for the ABA blog, keeping track of time spent on matters is one of the top profit killers of a firm.  According to her research, if you don’t get your matters time marked by the end of the work day, you’ll lose 10% of your billable hours.  If you don’t get that tracked by the next day, you’ll lose 25% of your billable hours.  If you don’t get it tracked by the end of the week, you’ll lose 50% of your billable hours. 

The reality is that once you lose track of the hours you are spending on matters, you’re clients will sense that something is wrong.  Once they sense that the case isn’t a top priority, you will make it more likely that you won’t get paid, won’t get paid on time, or that your bill will be contested.

Wouldn’t it be nice if there were an easy to use reporting platform that would instantly sync with your current practice management software to help solve this problem?

We thought so, too. That’s why we created firmTRAK.

firmTRAK will sit on top of your current practice management system to automate reporting and analysis of key performance indicators that will help drive the success and growth of your law firm.  No more spreadsheets to analyze using a team of people.  The information is instantly configured and available at your fingertips.

You went to law school to follow your passion for helping people with their legal needs, not to become a software engineer.  That’s where we come in.

To see how simple it is for us to help your law firm, please check out this short video:

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