In our latest episode of Remotely Ethical, we discuss why it is important for lawyers to maintain accurate, contemporaneous time records and regular billing practices, particularly during this crisis.
In this episode we address:
- The importance of keeping contemporaneous time records now, so you can demonstrate the reasonableness of your fees later
- Making sure that the lawyers and other timekeepers you supervise are entering their time on a daily basis
- The benefit of keeping time records - even in contingency and flat fee matters
- Ensuring financial predicability for your clients by sending out regular, preferably monthly, invoices
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The financial and economic forecast is uncertain and clients are probably going to be a little more cost conscious - even than they have been up until now. . . . You want to be able to ensure that timekeeping is done contemporaneously and that it's accurate.