1. Nancy Griffing The Griffing Network
Law Office Finances: Time and Expense Recording, Billing Styles and Profitability
Nancy Griffing
The Griffing Network
11011 Richmond Ave., Suite 600
Houston, Texas 77042

2. Time Recording Ways to track time effectively
Spreadsheet look and feel
Timeslips approach
Paper to electronic
Time Recording as an outcome of productivity by using Practice Management Solutions

3. Expense Recording – To Track or Not to Track
Ways to track expenses
Paper to Electronic
Expense Recovery
What to track
Soft Costs: Copies, Print copies, Color Copies, Long Distance, Faxes
Hard Costs: Court fees, Filing Fees, Experts, Medical Records, anything you pay to a client.
What about a flat fee for soft costs?

4. Billing Styles – What works?
UTBMS Billing for Auditors
Task code and Additional Code required (A and L codes)
Electronic format submission
Fees required for Internet interface
Fees required for Subscription
Fees requried for manual submission

5. Billing Styles – What works?
Summary Style Billing
Single paragraph style with total
Usually a flat fee bill
Expenses subtotaled or detailed
Detailed bill
Hour for hour
Detailed or summary style expenses

6. Billing Styles – What works?
Paragraph style billing
Single entries are merged into a paragraph style presentation
Electronic style billing
Spreadsheet format submission
Spreadsheet style summary

7. Billing Styles – What works?
Court presentation
Detailed accounting of time investment to prove fees
Detailed accounting of expenses

8. Flash of Genius – Move Trailer
Watch Flash of Genius- Trailer

9. Law Firm Accounting: An Afterthought
Beyond Balance Sheet / Income Statement
Overhead Expenses
Cost Centers
Net Income per Person
Client Costs
Hard
Soft
Example included about IRS

10. Time and Billing Software
Product
Small
1-9 Attorneys
Mid to Large
10+ Attorneys
ProLaw Ready
ProLaw
Yes
PCLaw
PCLaw Pro
Juris
Billing Matters
TABS
Timeslips

11. Comparative Pricing Price Support Notes Juris $ 399.38/mo.
For 9 timekeepers
Included
5 hrs./mo.
Comparable to PCLaw in feature set. Three year contract is required.
TABS $
Single user with 9 timekeepers
Not Included
Older design in programming - far fewer built in reports. We do not do monthly billing on this product.
Timeslips $
Per single station
No accounting in this product - must purchase separately and link the products.
Billing Matters (Sold with Time Matters only), Professional $
For the first new user
Excellent case management, good time and billing
ProLaw Ready
$5,145.00
For one user
Fully integrated Time Billing Accounting with Case Management features.
ProLaw
$ 22,
For 15 timekeepers
Fully integrated Time Billing Accounting with Case Management features. Product is for medium to large firms (10<).
PCLaw
$ For the first new user
PCLaw Pro
$ 4, For the first ten users

12. Which Product/Choice is right for you?
Price
Functionality
Ease of Use
Total Cost of Ownership
Support
Training
Committment

13. Questions? Nancy Griffing The Griffing Network
11011 Richmond Ave., Suite 600
Houston, Texas 77042