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2023 Benchmark Report Part 2: Getting Paid

  • Collection rates. Invoice collection realization rate for solo firms. How to calculate.

  • Time frames. Payment time frames across the 3 most common collection methods.

  • Payment plans. Average length for payment plans and PayLater plans. Which method gets lawyers paid 3x faster.

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  • Nicole Black Avatar
    Nicole Black
2023 Benchmark Report Getting Paid

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In part one of the 2023 Benchmark Report, we analyze data to determine how work gets done in firms and highlight key benchmark productivity KPIs to track in your firm.We analyzed productivity data from MyCase to better understand how different features are used by legal professionals in various practice areas and how the productivity KPIs of different practice areas and various-sized law firms compare.

2023 Benchmark Report Getting Paid
About the author
Nicole Black Avatar

Nicole BlackAttorney, Journalist, Principal Legal Insight Strategist8am

Nicole Black is an attorney, journalist, and Principal Legal Insight Strategist at 8am. She is the author of "Cloud Computing for Lawyers" (2012) and co-author "Social Media for Lawyers: The Next Frontier" (2010), both published by the American Bar Association. She also co-authored "Criminal Law in New York," a Thomson Reuters treatise. She writes regular columns for Above the Law, ABA Journal, and The Daily Record and regularly speaks at conferences regarding the intersection of law and emerging technologies.

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