Consider these gut-wrenching examples of costly spreadsheet errors: In addition, the simplest mistakes have the potential to scale at an alarming rate. However, automation reduces the error count to virtually zero. That’s why it’s no surprise that almost 90% of operational spreadsheets contain errors.Įven if you think your invoices are accurate, a study found that common methods of verification, like visual checking, resulted in 2,958% more errors than double entry. The probability of human error is between 18% and 40% when manually entering data into simple spreadsheets. Legal spreadsheet billing errors can be costlyĭata entry errors are a common problem for law firms still using Excel to invoice their clients. For small firms and lawyers just starting to build their practice, this lost time can be a serious barrier to growing your practice.
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If you’re still using Excel for billing at your law firm, you’re wasting valuable time-billable time-on repetitive, time-consuming, manual data entry tasks. The rest of their time is spent on various non-billable activities, including preparing and sending invoices, processing payments, and updating trust ledgers. Lawyers are not immune to this unproductive fate, recording only 2.5 billable hours per day on average, according to the 2020 Legal Trends Report.
Stop using Excel for legal billing and add time back into your dayĪccording to the Smartsheet report, Automation in the Workplace, more than 40% of employees surveyed spend at least one quarter of their week doing manual, repetitive tasks. These issues can turn the billing process into a time-consuming and frustrating task for your law firm. Problems include data entry errors, version-control issues, and invoice tracking complexities. While many law firms might consider Excel an affordable, familiar, and easy-to-use software, depending on spreadsheets to manage your firm’s client invoicing can create many problems. Law firms have used Microsoft Excel in their businesses for many years.
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