PointOne recently launched!

"Automated time tracking and billing for lawyers"
Launch YC: ⏱️ PointOne: Automated time tracking and billing for lawyers

PointOne helps law firms earn more revenue and reduce wasted admin time by using AI to automate timekeeping and billing.

Founded by Adrian Parlow, Katon Luaces, and Jeremy Ben-Meir

About PointOne

Lawyers have to track all their time manually, causing lost revenue and a constant source of pain. PointOne uses AI to automatically determine what a lawyer is doing on their computer or mobile phone and generate timesheets for them.

Check out this video ⤵️

The Problem ⏳

Over 80% of law firms bill their clients by the hour. Lawyers manually track all their work in 6-minute increments and write descriptions of the tasks performed. Those time entries are then used to generate client bills, which partners spend hours reviewing before they’re sent out.

This process is time consuming and error-prone, resulting in:

  • Lost revenue: ~10% of billable time slips through the cracks
  • Wasted time: Lawyers spend 30 mins/day tracking time and partners spend 10+ hours/month preparing client bills
  • Stress and burnout: 87% of lawyers say they find time tracking painful
  • Poor quality: Inconsistent time entries result in client complaints

The Solution ✨

PointOne completely automates the process of time tracking. The application captures the work done on a lawyer’s laptop and mobile phone, uses AI to interpret the tasks, and generates time entries that are used to bill the client. These time entries are customized firm-by-firm and client-by-client to fit their specific billing preferences.

This allows firms to:

  • Capture 10% more billable time
  • Free lawyers from the burden of daily time tracking
  • Get timesheets submitted daily instead of weekly or monthly
  • Get consistently formatted entries that meet firm and client preferences

Coming soon: a billing copilot for partners that will cut down on bill review time by taking a first pass at redlining client bills.

The Opportunity 📈

Time tracking and billing are just the beginning – there are many other ways that timekeeping data can deliver value for firms. For example, PointOne could help firms better predict how long new projects will take, enabling them to price fixed fee work more accurately. The data can also be used for staffing and workflow allocation decisions.

Learn more

🌐 Visit www.pointone.ai to learn more

⚖️ Work at a law firm?
Book a call with the PointOne team to discuss how they can help your firm.

🤝 Have lawyers in your network that might be interested? Make the intro!
January 31, 2024
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