
Why time recording limits your firm's potential
The billable hour’s partner in crime, the timesheet, is holding back professional firms from not only better pricing but also a better culture and a more sustainable future.
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The billable hour’s partner in crime, the timesheet, is holding back professional firms from not only better pricing but also a better culture and a more sustainable future.
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We still find that there is confusion in the professional services market as to what constitutes a fixed fee, a menu price and a value-based price.
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I now understand that it is impossible to move you away from charging your clients solely by reference to time so to save you much wasted time and energy analyzing why this is so, I have summarized the reasons you have given me in a Top 10 list.
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This post by me is not intended as my only personal tribute to my dad - even though of course he and my grandfather were my inspirations for practising law - but moreover, I just thought I would share both a recent video interview the amazing Karen Finch CEO of Legally Yours did with me about how my father practised law and a post I originally published back on 26 June 2013, the day after Dad retired from Maddocks.
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More than 120 professionals from all over Australia and around the world will assemble for VeraSage Downunder 2019 next week in Melbourne, 12 November 2019.
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If John Lennon was alive today and asked to run a law firm, might he have written, and sung this?
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