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Billable Hours Are Not Just About One Number
Manage episode 424195785 series 3290161
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In this episode, Ann delves into the essential numbers that paralegals working in law firms with billable hour requirements must track. She breaks down the key metrics of utilization, realization, and productivity, offering valuable advice on how paralegals can improve these numbers and enhance their performance in a competitive legal environment.
To see the calculations that Ann goes through in this episode, you can see them here: https://paralegal-bootcamp.com/paralegal-billable-hours-numbers-to-know/
Key Takeaways:Improving utilization, realization, and productivity requires accurate time tracking, effective communication with billing partners, and strategic delegation of tasks to optimize workflow.
Embracing billable hours as an integral aspect of the job role can lead to enhanced performance, increased job security, and career advancement opportunities for paralegals.
Did you know that Ann has a course to help take the stress out of meeting your billable hour requirement?
It's the Billable Hour Boot Camp and it's available here: https://paralegal-bootcamp.thinkific.com/courses/billable-hour-boot-camp-for-legal-professionals
She also teaches it as a live 5-part webinar series for law firms wanting to provide this training to their entire team. Learn more about the training here.
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