Los Gatos, CA– September 28, 2009 –Los Gatos based Smart WebParts ( www.smart-webparts.com ) announced today that Virtual Law Partners (VLP) ( www.virtuallawpartners.com ) has successfully installed Smart Time. Officially released on September 15, 2009, Smart Time is a web-based on-demand time capture and entry system that helps timekeeping professionals like lawyers, accountants and consultants construct complete and accurate timesheets. The software provides VLP timekeepers with a detailed journal of their daily work activities, answering the question: “What did I do today and is it billable?”
Since Smart Time finds missed or leaked time that may not otherwise get billed, it stands to increase a firm’s billable hours and ultimately its profitability. A return on investment for the software can be recouped in weeks if not days.
Karen Chin , partner of B2B CFO ® , serves as outsourced CFO of VLP. She says, “If you don’t record and bill time, you can’t collect it. Many professional service firms shortchange themselves because they capture time long after it was worked, or not at all. With Smart Time, they can find time buried in emails, phone calls and meetings. While all may not be actually billable, the timekeeping process is greatly simplified because they can affirm the entries rather than creating them from memory. Smart Time is an application that is long-awaited and greatly needed by professional services firms.”
From a technical standpoint, Smart Time searches network data stores used by timekeepers, such as Exchange, document management systems, VoIP and legacy phone switches, and BES servers. Then, timekeepers can assign project or matter codes to time entries and export them into the firm’s accounting system. Smart Time’s relationship engine learns which phone numbers and e-mail addresses belong to which clients and matters. Web-based Smart Time has a zero footprint on the desktop, requiring only a browser.
According to Michael Ferrel, VP of Network Operations for VLP, “The Smart Time open connector engine allows firm administrators to connect Smart Time to virtually any database or mail platform. Smart Time’s relationship engine helps an attorney relate email, events, people and phone numbers directly to a billable Matter. The more an attorney uses Smart Time, the smarter the application gets. We believe that Smart Time is an essential tool to help attorneys accurately capture and enter their timesheets.”
According to Todd Gerstein , co-founder and CEO of Smart WebParts, “We are extremely pleased to have implemented Smart Time at Virtual Law Partners. VLP has been a great collaborative partner, providing a testing environment for us to optimize Smart Time for real-world use. It has been a privilege working with the VLP team. ”
About Virtual Law Partners
Virtual Law Partners LLP, or VLP, is a distributed law firm of 40+ attorneys, all of whom have outstanding credentials and an average of over ten years of experience. Our state-of-the-art technology platform allows us to operate virtually, eliminating expensive office space and minimizing personnel as well as other overhead expenses. We pass along the savings to our clients. VLP attorneys, with education and experience comparable or superior to attorneys at other top tier firms, practice law at more prudent rates. For more information about the firm and our attorneys, go to: www.VirtualLawPartners.com . VLP provides practical, high quality legal representation for the 21st century.