Time Management

Time Management means many things to many people. For the purpose of this article, we will focus on the "use of technology time." Why do we need to focus on the use of technology time when we bill by the hour? Well, perhaps we can enumerate a few reasons:

1) Spending too much time doing non-billable items means less hours to bill
2) Clients expect on-demand legal services -- if you can't generate a document in a reasonable time, your competiton can!
3) The Stern Formula of Declining Realization: "The greater the number of hours spent on a task, the lower your billing realization." For example, if you take two hours to write a letter you are more likely to collect for those two hours than if you take ten hours to write a letter.
4) The more time spent on a single task, the less tasks that can be accomplished.
5) There are only 24 hours in a day!

How do you use technology to save time?