Efficiently managing recurring expenses is essential for the financial success of any law firm. From rent and utilities to software subscriptions and salaries, these expenses can significantly impact the firm’s bottom line.

When you became a lawyer, you probably didn’t realize how much time you’d spend on billing and other administrative work.  While billing can be time-consuming, it’s your processes that determine how much of your non-billable time is allocated towards it. 

Like any business, law firms provide services with the expectation of being paid at the time the work is finished. Unfortunately, the average law firm only collects about 85% of invoiced amounts, which can add up to tens of thousands of dollars in lost revenue.

Time is of the essence for law firms. Not only is accurate timekeeping vital for record-keeping and tracking billable hours, but wasting time on manual tasks and following archaic processes distracts from what’s important: practicing law and growing your practice.

If you’re a legal professional, the best time tracking and invoicing software for your work will comply with legal standards, have tracking options for billable and non-billable hours, and give you a simple process for creating detailed invoices.

Whether you’re shopping for a colleague at your law firm or a client looking for the perfect gift to show your appreciation, we’ve got you covered. Lawyers want gifts that are practical and can actually enhance their day-to-day life. Here are 13 gifts for lawyers to increase productivity and won’t collect dust on their desks.

This guide gets into every aspect of attorney time tracking templates, exploring their uses, limitations, and how they stack up against specialized time tracking software.