Time Keeping For Lawyers

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Time Tracking For Lawyers

Time-keeping for lawyers is essential for tracking billable hours. There are three main factors at play when it comes to time tracking for attorneys.

1. Accuracy

Keeping an accurate record of your time will save you a lot of headaches down the road. The increments you record in will largely be up to how you and/or the firm your work for decides to breakdown billable hours. (Typically, every 6 minutes or tenth of an hour.) Whether recorded in minutes or decimals, meticulous records are vital.

2. Details

Time-keeping for attorneys means detailed notes about each time entry. These are essential for your personal records, and these notes will only help you in the event of a billing dispute.

3. Confidentiality

Make sure your clients’ information stays protected when you’re tracking the time you spend on them.


Whether your firm is you, or you and 100 others-accurate, detailed, and confidential time tracking is essential.

 

 Time IQ can help.

 

 1. Accuracy

By keeping Time IQ open on your tablet, phone, or desktop, timers will give to-the-minute accuracy. Your current timer will automatically pause when you start another, which makes switching back and forth between projects seamless.

2. Details

The note portion for each entry allows you to keep a detailed record of what was done, as you’re doing it. These fields can also be filled retroactively at the end of a busy day.

3. Confidentiality

Unlike server-based software, Time IQ is cloud-based. This ensures each of your clients will have their own individual database that guarantees confidentiality.

Time IQ also offers three different user levels, perfect for larger firms with more employees and plethora of sensitive information.

 

In addition to these features:

To make billing easier, Time IQ allows you to run a variety of reports, allowing you to see a detailed account of exactly where your time was spent, and on what services per client.

You will also have the ability to enter in all your legal billing codes as services to save you time when creating invoices.

 

For more information on Time IQ, or to start a 30 day free trial, click here.

OVERTIME LAW ON HOLD

Delay in implementation of new overtime rule means extra time to comply.

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An injunction issued earlier this month has caused the implementation of a new overtime law to be delayed. For those of you just joining us, December 1st, 2016 was supposed to usher in a mandatory overtime law for salaried employees making less than $47,476 annually. Though currently stayed, it appears the Department of Labor has no plans to halt overtime reform.

So what is the next step?

A change is coming, we just don’t know when. Time IQ is monitoring the changing situation with the paused overtime law closely, so our clients don’t have to. The best way to be prepared for the stayed overtime law is to have an accurate method for tracking hours. A time tracking software like Time IQ (unlike time-clock systems and the paper based method) provides up to the minute reports about current staff hours.

Beyond staff hours, you could also keep better track of:

·       Project Billings
·       Billable and Non-Billable Hours
·       Holiday and Vacation Time
·       Paid Time Off and Comp Time
·       Profit and Loss

Time IQ Can help.

Web based time tracking can be used by your employees on any number of devices: computers, tablets, phones, etc. and will allow you to avoid the hassle of maintaining software installations on staff computers.

If you have a web browser and Internet access, you are good to go.

Time IQ can provide all of the above time tracking features, and is a great solution for companies of any size that need to implement a new time tracking protocol within their organization.

For more information on Time IQ, or to start a free 30 day trial, click here. 

 

Additionally, these are two articles we found to be helpful:

The National Law Review
Chicago Tribune 

New Overtime Law – Quick Overview

If someone makes less than $913 week/$47,476 a year, they likely now qualify for overtime pay. 

This means as of 12/01/2016, your company is required to pay overtime to almost all employees who do not earn this amount in the calendar year.

Things you can do to be in compliance

  • Increase staff salaries to the minimum compensation required
  • Track employee hours and pay overtime as necessary
    (or track and limit to 40 hour weeks)

Tracking staff hours has become more important than ever.

Employers may use any method for tracking hours as long as it is accurate, this includes:

  • Time Clock
  • Pen and Paper System
  • Time Tracking Software

Benefits of Time Tracking Software

Unlike time clock systems and paper-based time tracking, using a web-based time tracking software will provide up-to-the-minute reports about your current staff hours to help your accounting and HR teams keep track of labor costs.

Beyond staff hours, you could also keep better track of:

  • Project Billings
  • Billable and Non-Billable Hours
  • Holiday and Vacation Time
  • Paid Time Off and Comp Time
  • Profit and Loss

How to get started with Time Tracking

  1. Choose your tracking method (Time Clock, Paper Timesheets, Software)
  2. Provide a set of time tracking guidelines to your team
  3. Set a start date
  4. Check in with your team

A Good Web-Based Solution

Web based time tracking can be used by your employees on any number of devices: computers, tablets, phones, etc. and will allow you to avoid the hassle of maintaining software installations on staff computers.

If you have a web browser and internet access, you are good to go.

Time IQ can provide all of the above time tracking features, and is a great solution for companies of any size that need to implement a new time tracking protocol within their organization.

For more information on Time IQ, or to start a free 30 day trial, check it out here.

Learn about Web Based Time Tracking with Time IQ

See how Time IQ can help your company streamline time tracking and make daily timesheets effortless.  Our web-based time tracking system provides live reporting and report exports that you can integrate with accounting software like Quickbooks, Freshbooks, and more.