LT Online Corp Web Log LAWTRAC
These are all the Blogs posted in October, 2009.
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Friday, 30
Variance: Right Down To The LEDES
One aspect of controlling legal spend is to measure what has been spend vs. what was budgeted.


Within the matter records you can break-down what each outside counsel has invoiced and measure it against their budgets right down to the line-item level.






Posted By LAWTRAC at 3:26 PM / Category:Finance Management

Classifying Reserve Entries Supports Reporting
By classifying your reserve types you can enhance reporting and information evaluation.


Reserve amounts can be used to measure how well budgeting efforts are going, included in Accounts Payable feeds and more.


Define your own reserve classifications.





Posted By LAWTRAC at 7:54 AM / Category:Reserves

Charging Back Time To Business Units
For those who charge-back staff time to other business units within the company there is a great report that can take the time accounting entries and create the "bill".


Located in Reports the TMG005 Report (Time Accounting Charge-Back Utility) will use your internal staff rates and export the data to Excel.





Posted By LAWTRAC at 6:46 AM / Category:Time Accounting
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