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Billing types and time tracking

By Erica Birstler

Many lawyers who bill their client on a flat fee or contingency basis often wonder if they need to track their time if the invoice amount isn’t dependent on hours worked. While recording time takes some effort, the business value it provides is well worth it. From maximizing profitability to avoiding malpractice claims, the benefits associated with tracking time regardless of billing type makes it a must.

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