#1 Issue in Accurate Legal Billing: Legal Billing Software for Dummies!

Written by aXpire | Published 2019/09/04
Tech Story Tags: legal-billing-software | matter-management-software | legal-bill-review-software | attorney-billing-software | latest-tech-stories | accurate-legal-billing | startups | machine-learning

TLDR A recent study shows that the end to end process of time recording, data capture, invoice creation, editing, submittal and accounts receivable process, costs firm 6–11% in lost revenues. That figure represents gross revenues. If your firm is making 25% gross margin, its time recording and invoice receivables is costing it 32% of its gross profits, based on 8% lost gross revenues. If you’ve got a firm with a gross margin of 25%, your time recording is costing you 8% of your gross revenue.via the TL;DR App
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Written by aXpire | @aXpire
Published by HackerNoon on 2019/09/04
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