Abandoning timesheets: Some lessons learned: CPD
How practitioners work in a timeless firm
One Year Subscription Only Terms
Subscribers receive the product(s) listed on the Order Form and any Updates made available during the annual subscription period. Shipping and handling fees are not included in the annual price.
Subscribers are advised of the number of Updates that were made to the particular publication the prior year. The number of Updates may vary due to developments in the law and other publishing issues, but subscribers may use this as a rough estimate of future shipments. Subscribers may call Customer Support at 800-833-9844 for additional information.
Subscribers may cancel this subscription by: calling Customer Support at 800-833-9844; emailing firstname.lastname@example.org; or returning the invoice marked 'CANCEL'.
If subscribers cancel within 30 days after the product is ordered or received and return the product at their expense, then they will receive a full credit of the price for the annual subscription.
If subscribers cancel between 31 and 60 days after the invoice date and return the product at their expense, then they will receive a 5/6th credit of the price for the annual subscription. No credit will be given for cancellations more than 60 days after the invoice date. To receive any credit, subscriber must return all product(s) shipped during the year at their expense within the applicable cancellation period listed above.
Many observers are predicting that the changes to the legal industry over the next 3 years will be unprecedented.
A ‘perfect storm’ across issues such as digital disruption, de-leveraging and new entrants mean that the only certainty will be change.
An increasing number of lawyers believe the first step towards successful reinvention is the abandoning of timesheets.
This presentation will explore why eliminating timesheets is gaining so much attention, how you can do it immediately and what the key challenges and solutions are.
By the end of this presentation, participants will understand:
- The impact of the “innovator’s dilemma” on firms that record time. (the word I think we’ve used is incumbent).
- The inherent risks with attaching value to ‘manufacturing’ in preference to ideas
- How to create and communicate value, without referencing time recorded and hourly rates
- The key principles to successful implementation of value pricing
- Some of the key metrics that replace timesheets in a ‘timeless firm’
The presentation consists of the talk; downloadable questions and answers and transcript; links to further reading. Time to complete: 1 hour. The presentation may be started and stopped to suit your convenience. It will pick up where you left off.
This may be recognised as contributing to CPD requirements in accordance with relevant jurisdiction requirements . Enjoy the convenience of just-in-time online learning.