We were honored to present at the 2020 TVPi Virtual Value Summit. If you want to see the replay of our talk on Data-Driven AFAs.
Ask any private attorney what he or she likes least about practicing law and having to record time in 0.1 increments would more than likely be number one. As a former litigator, I can speak firsthand about the drudgeries of billing time. Although it can be a tedious and time-consuming endeavor, it is not an intellectually difficult task, and is an essential part of the business of law.
Although there are many aspects to the art of recording billable time, there is arguably none more important than the billing narrative. It is crucial for attorneys to keep accurate and detailed time entries to help their clients understand the price and value of services rendered. When attorneys fail to clearly explain the tasks that were undertaken, all of the effort that they put in working for their clients may not be fully compensated. Worse yet, if a dispute over fees should occur or if the attorney-client relationship becomes acrimonious, inadequate time narratives can result in the loss of substantial legal fees, reputational harm, overbilling, fraud allegations, and malpractice claims.
Read more of this highly informative and practical white paper where we explore Rule 1.5(a) of the Model Rules specifically addresses the reasonableness of fees.
Twenty-four finalists in eight categories were announced this morning by organizers of the inaugural American Legal Technology Awards, a new round of awards that will honor companies and individuals who are making a difference in law through technology innovation.
Legal Decoder was the only finalist to be recognized in 2 categories. We were nominated for Enterprise and for Technology.
Read the article here.
This section highlights both young companies that have been established in the last five years and new products from some well-known companies. We are proud to announce this list of honorees that are helping to improve the efficiency of everyday tasks for attorneys and administrators.
See the full list at: https://www.acq-intl.com/winners/legal-decoder/
Read the article here: https://news.bloomberglaw.com/us-law-week/booming-legal-tech-market-draws-attorneys-looking-for-new-path
Check out the article and the other entrepreneurs changing the legal industry: https://www.entrepreneur.com/article/295194
Read more here: https://highperformancecounsel.com/thebakersdozen-joseph-tiano/