Your timesheet data is a treasure trove of information that can be harnessed to improve your firm’s margins. In those numbers is a blueprint for how to improve your profitability by growing your advisory services - reallocating hours away from managers and onto staffers and restructuring your firm to be ready to meet a future of demand that will be largely niche advisory, supported by strong MLAI software that will automate much of your pre-accounting needs. There are immediate actions to take to reclaim valuable capacity that you can dedicate to growing an advisory service line, reinvest in the firm, or maybe, just maybe, go home early.

Learning Objectives:

• Understand how typical time sheet data uncovers the work performed at the wrong level by the wrong person
• Understand how typical time sheet data can help you price your fixed fees
• Understand how time sheet data will help you get the right team member to do the right level of work
• Understand how typical time sheet data can help you recognize the work that should be automated and the work that only your special team can provide.
• Everyone says do advisory. However, how do you get the day to day work automated so your team has capacity to do higher level work?