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Activate: How to Streamline Law Firm Billing
Effective billing, like learning any skill, requires repetition. If you can use the same process for billing every time, it makes it much easier to repeat that process, including for collection purposes. But, as with many things that require repetition in business, the use of templates can help tremendously in streamlining your law firm processes.
So the first question is whether you use “activity codes” for billing. If you do, it’s easier to generate items on an invoice tied to the specific activities you perform for clients regularly. There are activity codes/billing codes for law firms available online (“LEDES billing” is a common set of activity codes for law firms to employ), and some softwares include default activity codes for billing, but you can also generate and maintain your own activity codes if you wish. All you need to do is create a shorthand for the task, and maybe employ a number, to make it look official, ya know?
That’s step one, but step two is where the magic starts. If you can attach templated billing descriptions to your activity codes, then you’re in business. That way, every time you select a billing code, you will also produce a billing description, which can be the final version of that billing description, or which can serve as a foundation (draft) of a final version.
Billing can be a repeatable motion, even though most law firms don’t treat it that way.
. . .
If you’re ready to streamline your law firm billing, give us a buzz.
The Wyoming State Bar offers free law practice management consulting services through Red Cave Law Firm Consulting.
To request a consult, visit the Wyoming State Bar’s law practice management page, and start running your law firm like a business.
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