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TimeSolv: Grow Profits with Legal Project Management
TimeSolv’s planning dashboard for matters integrates a high-level view of each phase of your matters, making it easy to take advantage of legal project management practices for increased efficiency and profits.
Details
As clients increase the pressure on law firms to do more in less time, legal project management has become an effective way for firms to meet clients’ demands. Practiced effectively, legal project management allows firms to maximize value to the client and firm by:
- Providing accurate estimates.
- Tracking progress in order to proactively address any issues that arise with the matter budget.
- Using fixed fees when appropriate to provide clients with a predictable legal spend.
- Maximizing profitability while minimizing the cost to the client.
TimeSolv facilitates legal project management with its project planning features. Firms can set a budget at the outset and break matters down into phases, milestones, and tasks, and assign a timekeeper to be responsible for each. The planning dashboard for each matter shows at a glance the progress toward each step so that the project manager can spot and address issues before they become problems.
As the firm learns from each matter, it can improve its estimates and adopt fixed fees where appropriate to take advantage of opportunities to maximize profits. TimeSolv also makes it easy to reuse project templates.
Of course, TimeSolv also makes it easy to seamlessly track time for each task, milestone, and phase, to ensure timekeepers’ productivity is keeping pace with expectations.
How to Get It
You can try out TimeSolv’s legal project management features by signing up for a free trial. Then, create a matter and click on the Budget tab, then check the box next to Enable Matter Plan? and click Save.
To start planning, click the View Plan button, then create a new phase by clicking on New Phase in the upper right. Then, break your phase down into tasks and milestones by clicking New Task and New Milestone. Return to the planning dashboard frequently to keep track of your progress.
You can quickly view a matter’s plan by clicking on the 
icon in the list of matters.
Learn more about TimeSolv and its project management features at timesolv.com.
TimeSolv: Grow Profits with Legal Project Management was originally published on Lawyerist.com.
Source: https://lawyerist.com/105181/timesolv-project-management/
