We have catered for this and in any event whilst it is important that a system be able to cost time recorded it is imperative that you be able to record time spent on work even if you are not going to be applying an hourly rate to the time recorded. We are conscious of the fact that often work being carried out by practitioners is not charged by the hour but instead attracts a fixed fee. The Legal Services Regulation Bill 2011 prescribes that all Legal Practitioners must include within their Bill of Costs, the time spent where time is a factor in calculating the costs concerned. If it is not, it is a waste of time if you pardon the pun! Our solution provides the perfect application to meet all your practice needs.Īs you will know there has been much talk in recent times about the use of Time Recording within the Legal Professions. Time recording should be unobtrusive and easy to use. It allows for time recording to be carried out either by use of the timer functionality or by the entering of time spent on a piece of work manually. By embracing Time recording, practices will ensure that they have the right data to analyze where time is being wasted, to analyze where profit and loss lies, what a client should be billed and reports which will provide every detail to ensure a bill can be justified.
Time recording is a discipline but a discipline which will give your practice the necessary edge to succeed in this turbulent economy. By using Lex Time Recording you will have answers to all these problems. How often have you said in frustration : My Client has no idea how many hours I have spent on their case or project I have not got a clue how much time I have spent on this matter How am I going to provide the client, solicitor, or Taxing Master a breakdown of the time spent or How am I going to justify the time billed to this client. However it is only relatively recently that many practices are beginning to see the benefits of using a specialised Time Recording system.
Time recording has been necessary for Accountants, Solicitors and Barristers as well as other professionals for years. It really is a brilliant application and we are very proud of the work which has been put in to ensure that it is the best product for your practice. Lex Time Recording is a complete time recording solution aimed at all professionals who need to keep a record of their time. We thought we would start by talking about Lex Time Recording. Both products have received fantastic reviews and we are over the moon about the response to date. If our marketing strategy is working you will know that we have launched two new products : Lex Time Recording & Lex Risk Management. Here we will be writing about our new products, updates, technological advances, expert advice from our team members, as well as lots more so please do pop back to check out our latest blog. Thank you for taking some time out to read the first blog of our new website.
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