FM08 Time Capture: Best Practices in the 21st Century

With attorneys working more on the go and away from the office, how can they better track their most valuable commodity billable time? Explore how some firms have improved the speed at which lawyers enter their time. Discover the financial implications of enhanced time capture, and why tracking time and activity is still important now that more and more clients are moving to alternative fee arrangements (AFA).

Goals:

• Identify why effective time capture is important for AFA pricing and project management

• Discuss how technology is helping (and hurting) accurate time recording

• Determine how to influence firm culture to support time capture technologies

Steven J. Campbell, CPA, Chief Operating Officer at Dykema Gossett, PLLC in Detroit, has more than 25 years of professional services management and consulting experience. As COO, he is responsible for the strategic, financial and operational leadership of the firm, including profitability initiatives and strategic alignment. Campbell has been the Managing Director/COO at a variety of full-service law firms in the U.S. and Canada.

Christian Lueth is the Director of Finance and Accounting at Dykema Gossett, PLLC where he is responsible for the overall operations of the finance and accounting departments as well as the financial and operational reporting for the firm. Lueth has more than 10 years of finance and business intelligence experience with various professional service and telecommunication firms, including a Fortune 100 telecommunications firm.

Audience

Attendees should have a working knowledge of time capture and account receivable practices.

CPE: Management Advisory Services