TimeSolv Blog

Latest from TimeSolv Blog

TimeSolv offers innovative tech solutions to the legal industry’s toughest challenges. TimeSolv’s own payment collections solution, TimeSolvPay, allows firms to accept payments online. This means getting paid faster with a convenient option. When law firms cannot collect full compensation for services rendered, they accumulate high Accounts Receivable (AR), which represents the number of outstanding invoices held

Do you know your law firm’s current collection rates? Firms that have mastered their collections processes may see numbers in the 90th percentile. On the opposite end of the spectrum, some legal practices grapple with collection rates in the 50th to 60th percentile range. Even more disturbing, many law firm leaders have no clue what

Being able to customize fields according to your individual business needs allows you to exercise greater control and flexibility by adding information beyond basic data. These user-defined fields mean you can be as creative and intuitive as needed when storing information under each individual Client and Matter. What’s more, Matter custom fields can now be

Do you know your law firm’s current collection rates? Firms that have mastered their collections processes may see numbers in the 90th percentile. On the opposite end of the spectrum, some legal practices grapple with collection rates in the 50th to 60th percentile range. Even more disturbing, many law firm leaders have no clue what

Do you know your law firm’s current collection rates? Firms that have mastered their collections processes may see numbers in the 90th percentile. On the opposite end of the spectrum, some legal practices grapple with collection rates in the 50th to 60th percentile range. Even more disturbing, many law firm leaders have no clue what

Do you know your law firm’s current collection rates? Firms that have mastered their collections processes may see numbers in the 90th percentile. On the opposite end of the spectrum, some legal practices grapple with collection rates in the 50th to 60th percentile range. Even more disturbing, many law firm leaders have no clue what

Data analytics takes large amounts of data and analyzes it to identify patterns and trends. Attorneys can then take this actionable information and use it to analyze the current health of their firms and to make informed business decisions for the future.   Effective reporting and analytics provide the ability for Timekeepers to efficiently consume data in an efficient manner to drive productivity, efficiency, all

Do you know your law firm’s current collection rates? Firms that have mastered their collections processes may see numbers in the 90th percentile. On the opposite end of the spectrum, some legal practices grapple with collection rates in the 50th to 60th percentile range. Even more disturbing, many law firm leaders have no clue what

Do you know your law firm’s current collection rates? Firms that have mastered their collections processes may see numbers in the 90th percentile. On the opposite end of the spectrum, some legal practices grapple with collection rates in the 50th to 60th percentile range. Even more disturbing, many law firm leaders have no clue what

Enabling commissions allows Timekeepers to earn specified percentages on Matters they work on. This week’s Tip of the Week takes a look at how to enable commissions, set them up for Responsible and Originating Timekeepers on the Matter, and run a Revenue & Commissions report. To enable commissions, click on Account>Settings>General>Enable Commissions. Originator Timekeeper commissions

Do you know your law firm’s current collection rates? Firms that have mastered their collections processes may see numbers in the 90th percentile. On the opposite end of the spectrum, some legal practices grapple with collection rates in the 50th to 60th percentile range. Even more disturbing, many law firm leaders have no clue what

Do you know your law firm’s current collection rates? Firms that have mastered their collections processes may see numbers in the 90th percentile. On the opposite end of the spectrum, some legal practices grapple with collection rates in the 50th to 60th percentile range. Even more disturbing, many law firm leaders have no clue what

Do you know your law firm’s current collection rates? Firms that have mastered their collections processes may see numbers in the 90th percentile. On the opposite end of the spectrum, some legal practices grapple with collection rates in the 50th to 60th percentile range. Even more disturbing, many law firm leaders have no clue what