With manual timekeeping, law firms frequently face significant revenue losses due to time leakage. This can be due to various reasons such as forgetting to log time spent on tasks or failing to record short, billable interactions. Delayed submissions can result in missed billing cycles, which not only impacts cash flow but also complicates financial forecasting and planning.

Additionally, non-compliant time entries are another major challenge, as they fail to meet client-specific Outside Counsel Guidelines (OCGs). Non-compliance can lead to billing disputes, write-downs, and write-offs, thereby further hindering the firm's revenue.

Effective time capture is essential for maximizing revenue, ensuring compliance with client billing guidelines, and maintaining operational efficiency.