Meet the next wave of client demand
Nowadays, clients are demanding increasing transparency and efficiency when working with firms, but this is often time consuming and complex to achieve. As lawyers, we know that the worst thing is being unable to answer your clients questions immediately, so we’ve built a dashboard that gives you complete project oversight in one place. Better still, you can generate real time reports for your clients so you no longer have to justify all your hard work.
Capitalise on your data
We know it’s difficult to get real value out of your data as lawyers. Clocktimizer uses natural language processing AI to automatically categorise your time cards on the basis of their narratives. Unlike using fixed action codes, Clocktimizer’s method is flexible and allows you to analyse both historical and current data, leaving you able to generate everything from historically accurate fee quotes to identifying your most profitable practice areas.
Legal Project Management made possible
Matters mainly go over budget because the scope is ill-defined and poorly managed and there is not enough communication on progress. Clocktimizer supports lawyers during the lifecycle of a matter: With pricing (see below), monitoring of the budget, informing the client with fee updates and with analyses to continuously improve your service delivery.
Pricing that works for you
More than 25% of the revenues of many big law firms comes from non-hourly billing. Research shows that where firms are proactive in offering fixed fees to their clients, these arrangements are more profitable than those requested by clients. With Clocktimizer you can compare similar matters, so that you can make data-driven decisions about your pricing and ensure that alternative fee arrangements work for you.
Firmwide analytics that give you the edge
In a world of increasing competition, your data can provide the insights you need to get ahead. Clocktimizer’s firmwide analytics can help you with targeting tasks and activities that are not profitable or have a low recovery. Alternatively, identify key players in your own team using our team dynamic metrics to avoid losing them to other firms, or pick out underperforming practice areas for your biggest clients and cross sell more effectively. Your own data is your biggest asset.