Time Management Information for Lawyers and Law Firms
The effective use of Time Management Information is vitally important for any lawyer to run a
successful law practice. Attorneys who are able to adequately use and
process time management information will be more productive and less stressed
than lawyers who cannot use this information. If you have any doubt that
effective time management will increase your bottom line, consider that by
capturing an additional 30 minutes per day of billable time with a billing rate
of $250 per hour, you will increase your annual revenues by $30,000!
More than almost any other profession, time management is a skill that is
especially important for lawyers. Not only for the financial ramifications
outlined above, but for practice management reasons as well. A lawyer who
is sloppy with their time is often sloppy with their cases. This can lead
to a number of problems, including increased stress, frustration, personal and
professional dissatisfaction, and even possible malpractice claims.
An Overview of Time Management Information
Lots of consultants advocate setting goals to assist with time
management. I agree with this, but believe that you must take goal setting
to the next level to be able to truly manage your time. As lawyers, we
have so many demands placed on our time. Without a rigid "system" in place
to manage our activities, we will never be truly productive and stress-free in
our daily lives. Visit
time management for lawyers for five simple things that you can do now to
help increase your productivity, immediately.
The 80/20 Rule (aka The Pareto Principle)
The 80/20 Rule can be applied to a number of contexts when
talking about legal marketing. When discussing time management
information, the 80/20 Rule says that 20 percent of your time will contribute to
80 percent of your results. For our purposes here, that means that lawyers
should strive to find the "20 percent that matters." So when it
comes time to manage the "daily crisis" that arises in your practice, consider
whether working on this crisis is part of the 20 percent of your time that
matters.
Another variation of the 80/20 principle says that 20 percent of
your clients will contribute to 80 percent of your revenues. This is an
extremely profound idea, and should be carefully considered by all attorneys.
When looking at your time for any given day, you should strive to concentrate
your efforts your best clients. Using this principle should assist you in
determining what items are the most important and profitable for your law
practice.
Time Blocking for Lawyers: The Essence of Success
I discussed time blocking briefly in the
time management for lawyers page. However, the concept is so important
to time management information that I felt a more detailed discussing is
warranted here. Time blocking is very similar to making a list, except
that they are better. It was reported in the Wall Street Journal
that "30% of listers spend more time managing their lists than [they do]
completing what's on them." (Sandberg, Jared. "Though
Time-Consuming, To-Do Lists Are a Way of Life", The Wall Street Journal,
2004-09-10, as reported at
wikipedia.com).
Time blocking is an exercise in which you sit down and actually
plan out your activities on any given day. I know people that take 30
minutes before they leave their office on Friday, and plan out every minute and
hour of the following week. No time is left unaccounted for. I know other people that do
this weeks, sometimes months ahead of time. Is it any wonder that some
people can get so much more done than others, even though we all have the same
24 hours in a day?
Learning to Say No
As a lawyer myself, I am acutely aware of how busy we can become
putting out fires during the course of a typical day. When I first get
into the office, I will have 5 to 10 client emails waiting for me, and more come
through during the day. I may have multiple court appearances, or possibly
need to prep for a court appearance or other deadline later in the week. I
have meetings scheduled with current and prospective clients. I will
receive phone calls from other attorneys or clients during the course of the
day. How can we possibly handle all of these demands on our time?
My advice in this regard is to just learn to say no. There
is no possible way that lawyers can manage all the demands on their time without
saying no to someone. Attorneys must learn to prioritize their time
through effective list management and by learning how to say no to items that
are not a priority.
This is just a small sampling of the time management information
that is available for lawyers and law firms. Review the
Legal Marketing
Center's Resources page for additional information on time management for
lawyers.
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