Most small-sized law firms usually don't record time. But statistics show those that those that do have an increased billing volume, better productivity among fee-earners, and generally better cash-flow.
- You can use the Stopwatch Timer that can be seen on each matter, on each uncompleted task, as well as at the top navigation bar. You are never at a loss as to how to launch the timer.
- Alternatively, you can add time-recordings manually (without using the timer)
- In your matter templates you can specify specific rates for specific matters and their activity types. Next time a fee-earner adds time in a matter (or task) of that type, the rate for that activity will switch to the rate specified in the settings for that matter (or activity type). This is a useful feature for scenarios like Legal Aid matters (where different activity types have different rates). If no such custom specifications are in place the rate will switch to that fee-earner's default rate.
- You can also log activities without specifying duration and rate (if that's how you prefer it)
- You can add 6-minute Units, or you can do it by whichever granularity that suits your law firm
- By default, fastMatter will round up your timed activities to the nearest minute, but in settings you can elect a rounding style that fits your law firm's style. You can also elect not to round up at all, in which case all your subsequent WIP will display precise timing down to a second, and will be billed accordingly.
- Depending on permissions some users can add time on behalf of others (great for assistant/secretary workflow)
- Fee earners can record with an easy-to-use timer while working, or manually add time afterwards.