Profitability Assessment Quiz
How many timekeepers do you have on staff?
1
How much time is spent on billing each month (per Timekeeper)?
Does your firm use a time tracking policy?
Are your timekeepers tracking all of their time, including non-billable work?
Do you have the ability to see an individual’s profitability?
Does your company have incentive compensation?
Can you enter time from any location on any device?
Do you have an annual billable hours goal defined for each timekeeper?
What percentage of bills are you writing off?
How many of your bills are rejected by clients?
What is your bill collection rate?
Do you use legal project management?
Do you have the ability to provide an estimate to your clients?
How frequently do you update your billing rates?
Do you have the ability to accept electronic payment?
Do you have the ability to send your bills automatically?
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