Law firms set billing rates to ensure profitability, establish their identity, and meet client expectations. When you complete work for the firm, you can use rate labels to quickly identify the value of the work you performed. Actionstep provides several ways to set and manage your time/fee entry billing rates, allowing each system role, timekeeper, billable participant, entry quick code, or matter to have its own rate.
Additionally, some rates might be variable, so Actionstep utilizes a hierarchy of rates and overrides to ensure you can record time at the proper rates.
To review, create, or edit your rate labels, an admin can go to Admin > Billing > Rate labels.
You can apply rate labels when recording time.
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