Author Archives: Latoya Stevenson

Legal Billing Do’s and Don’ts

Reports of the billable hour’s death have been greatly exaggerated. In fact, the opposite might be true. For the first time, associates at Biglaw firms command more than $1,000 per hour. Some partners reached this threshold more than a decade ago. Of course, there is much more to billing than sending out bills. Actions like…

Common Law Firm Billing Methods

Prompt and efficient billing and collecting is the key to profitability, at least in most cases. The collection rate for new accounts (less than 30 days) is over 90 percent. That rate drops to 67 percent for accounts that are 180 days delinquent. These collection statistics are especially important in litigation. Most Texas judges will…