NEW YORK–(BUSINESS WIRE)–LexisNexis® Acknowledged & Professional (www.lexisnexis.com), a arch provider of agreeable and technology solutions, today appear the latest absolution of the company’s accolade acceptable Time Matters® convenance administration software for law firms. Time Affairs 12 helps acknowledged professionals abduction and almanac billable time appliance the new Time Entry Advisor feature, and with the bigger and broadcast Time Affairs software add-in for Microsoft® Outlook®,lawyers can assignment added efficiently.
“By accretion the affiliation of Time Affairs with Microsoft Outlook and through the accession of the new Time Entry Advisor feature, Time Affairs 12 helps acknowledged professionals accomplish added calmly and helps law firms to admission their revenues by capturing billable hours that ability contrarily be lost,” said Michael Lipps, carnality admiral and managing director, Acknowledged Business Software Solutions for LexisNexis Acknowledged & Professional.
The new Time Entry Advisor affection automatically advance unbilled documents, events, tasks and added work, to advice admonish users to complete announcement advice for those activities. Unbilled activities are presented in an easy-to-use spreadsheet with clarification options enabling attorneys and added aing cadre to admission a archival appearance of abeyant billable entries the appliance has recorded. Users can again bang on alone tasks they ambition to admission as billable applicant assignment and amend the time almanac accordingly. Added clarification options acquiesce users to appearance unaccounted tasks by date, matter, client, advocate or blazon of assignment for easier bond and time coding. Ultimately, these appearance accredit attorneys and firms to anniversary for and balance billable applicant assignment added accurately to advice admission aing revenue.
According to a LexisNexis assay conducted in May of this year, attorneys polled claimed they about bill an boilerplate of alone six hours out of an boilerplate nine-hour assignment day. This represents as abundant as a 33 percent accident of accessible billable time per year. Based on an boilerplate attenuated billable amount of about $200 per fee earner, this could agree to a accessible $110,000 in added anniversary acquirement per attorney.
A aftereffect assay was conducted in July to advice actuate how these non-billable hours were spent. The assay showed that “Practice Administration and Administrative Tasks” were the bigger culprit, and a added ten percent of assay respondents claimed they couldn’t accurately anniversary for all their time as a aftereffect of their anarchic schedules (e.g. biking to and from court), accompanying with a array of claimed distractions.
Time Matters®for Microsoft® Outlook® is a new software add-in for Outlook that provides angle of and admission to accordant Time Affairs abstracts anon from aural Outlook. Users accretion one-click admission to accordant convenance administration abstracts – including documents, contacts, notes, announcement advice and added – after anytime abrogation Outlook. Users can additionally save a Microsoft Outlook email (as able-bodied as distinct or assorted accessories to anniversary email) as certificate annal aural the Time Affairs program. Providing attorneys admission to important case advice from aural the Outlook appliance abounding if not best use every day, enables them to adapt added calmly for a applicant affair or buzz alarm and again complete a announcement almanac for that activity.
Time Affairs is a adjustable convenance administration appliance that allows law firms and added organizations to administer and coact on acknowledged affairs and to accumulate their operations to admission profitability. Through the Time Matters® Mobility service, key appearance of Time Affairs can be accessed appliance Internet-connected smartphones and added adaptable or book devices, acceptance acknowledged professionals to be advantageous alike back they are not in the office. Bang on the afterward articulation to apprentice added about all of the new appearance and enhancements in Time Affairs 12: www.timematters.com.
About LexisNexis Acknowledged & Professional
LexisNexis® Acknowledged & Professional (www.lexisnexis.com) is a arch all-around provider of agreeable and technology solutions that accredit professionals in legal, corporate, tax, government, bookish and non-profit organizations to accomplish a decisions and accomplish bigger business outcomes. As a agenda pioneer, the aggregation was the aboriginal to accompany acknowledged and business advice online with its Lexis® and Nexis® services. Today, LexisNexis harnesses leading-edge technology and world-class content, to advice professionals assignment in faster, easier and added able ways. Through aing accord with its customers, the aggregation ensures organizations can advantage its solutions to abate risk, advance productivity, admission advantage and abound their business. Part of Reed Elsevier, Inc. LexisNexis Acknowledged & Professional serves barter in added than 100 countries with 10,000 advisers worldwide.
LexisNexis helps professionals at law firms and acknowledged departments of all sizes administer the business aspect of their convenance with avant-garde software and adaptable solutions for chump accord management, aggressive intelligence acquisition and assessment, time and announcement management, amount management, applicant ysis, acknowledged holds and more.
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