The Billable Hours by Matter report provides a detailed view of the hours logged for each specific legal matter, offering law firms essential insights into the financial performance of individual cases. By organizing billable hours by matter, this report helps ensure billing accurately reflects the work performed.
Insights Expected from the Billable Hours by Matter Report
This report is a powerful tool for matter-specific financial tracking, offering insights such as:
Matter-Specific Financial Performance: Track the hours spent on each matter to monitor revenue generation and expenses at the case level.
Accurate Billing: Ensure that billed hours match the work performed, enhancing transparency and accountability in client invoicing.
Budgeting and Profitability: Manage matter-specific budgets more effectively by analyzing the relationship between time logged and the profitability of each case.
Client Transparency: Provide clients with clear, detailed reports on time and costs incurred, fostering trust and improving client satisfaction.
Revenue Optimization: Identify which matters are most profitable, helping firms focus resources on high-value cases and ensure efficient case management.
These insights help law firms better manage their finances at the matter level, align billing practices with the actual work done, and maintain strong client relationships.
To generate the Billable Hours by Matter report:
Navigate to the Dashboard
Click on Reports
Select the Billable Hours by Matter Report
You can refine the details by applying various filters. Additionally, the report can be exported for further analysis, allowing for enhanced data manipulation and insights.
Explore this comprehensive guide for a deeper understanding of all features available in the reports interface.