Benefits of Passive Timekeeping For Lawyers

Trust Accounting

Timekeeping is a necessary activity for all lawyers. Even lawyers working for flat fees or on a contingency basis should track their time to understand what case work is generating the best return for their practice.

The problem is, as necessary as timekeeping may be, it can also be a great challenge. Many law firms and lawyers are beginning to turn to passive timekeeping solutions. Here are some of the benefits associated with passive timekeeping for lawyers.

Benefits of Passive Timekeeping For Lawyers

  1. Streamlined Legal Billing – When a lawyer is deeply submerged in work, sometimes the keeping of time spent on a matter is less than accurate. This means that clients could be over or undercharged for the legal services being provided. With inaccurate billing being one of the largest sources of leakage for firms, passive timekeeping applications that operate in the background can help your firm accurately track time, bill accurately, and protect your bottom line.
  2. Keeping Firm Employees Honest – Chances are that multiple members of your firm may be working on a single matter. If different members of the firm’s compensation are dependent on the time they work, automated timekeeping applications that operate in the background will ensure that they log their time accurately.
  3. Increase Productivity – By passively keeping time in the background your firm can improve productivity. Lawyers, like many other professionals, often multi-task. Passive timekeeping from Chrometa (integrated with CosmoLex) allows attorneys to work on multiple matters at once and accurately track the time spent on them at the same time. This allows your firm to get more done, and make sure all your time is accounted for.
  4. Reduce Errors Associated With Manual Entry – If your firm hasn’t automated its timekeeping, it’s entirely possible that your time has been logged in a number of different ways, in a number of different places. This means that at the end of the day all of this timekeeping data must be re-entered into one place. Along the way, attorneys may lose the napkins they recorded their time on and when that data needs to be re-entered into a centralized system it may not be accurate.

Recently, CosmoLex announced a new integration partnership with Chrometa which is designed to help attorneys passively track time while working on a PC, Mac, iPhone, or Android device. You can start keeping your time more accurately and easily today by signing up for a free trial of CosmoLex.

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