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Time by Ping
Timekeeping automation software for lawyers
- 21-100 employees
- B2B
- Productivity
- Legal
- SaaS
- Automation
- Lower Nob Hill, San Francisco, CA
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Company mission
To allow lawyers to support their clients as effectively as possible by taking care of timekeeping.
38% employee growth in 12 months
Our take
Traditionally, lawyers have had to manually fill out time-sheets and measure their billable hours, a distraction that slows workflows and wastes valuable time. This also leads to law firms having to under-bill customers conservatively due to the challenges of billing in six minute intervals.
Ping provides a timekeeping service for the law industry that uses AI to automatically measure billable time. The AI also uses machine learning to learn the workflow of each lawyer and firm, increasing accuracy every time it is used. Ping claims that customers record an additional 32 billable minutes per attorney per day, resulting in an overall increase in revenue of 11%.
The company plans to use its most recent funding to strengthen its position in the legal market while expanding into other professional services segments, such as accounting. While the opportunity to break into this lucrative industry is huge, it's not without challenges. The legal world is famously relationship-driven, and as Ping handles sensitive customer data, they must avoid any risk of data breach.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Flexible PTO and sick leave
- 14 days of holidays including monthly 3-day weekends and company-wide Rejuvenation Days
- Excellent Medical, Dental and Vision coverage
- Flexible Spending Account (FSA) and Dependent Care Flexible Spending Account (DCFSA)
- Life Insurance and Long-term Disability
- Commuter Benefits
- Professional development allowance
- Work from anywhere, and enjoy access to our San Francisco and Los Angeles offices
- Company 401(k) savings plan (non-matching)
- Time by Ping’s unique Life, Wellness, and Team Appreciation budgets
- Parental Leave including 12 weeks for fathers
- Win a peer-nominated Pingwin award and we’ll donate to a charity of your choice
Company values
- Find our Randa - Work is a vehicle for you to achieve your “Randa'' or purpose. Articulate your purpose and use TBP to make it a reality. August 8th is TBP’s Mission Day during which we pause work and reflect on our Randa
- Sanctify Time - Where we choose to spend our time reflects what we value. So we spend every minute with intention and respect every person’s right to spend theirs with the same intention
- Bring Your Whole Self to Work - We celebrate you for who you are. Don't round your edges. Be you
- Dance in the Rain - Growing a company is hard. Growing yourself is even harder. Instead of waiting for the storm to pass, let’s dance in the rain
Funding (2 rounds)
Mar 2022
$36.5m
SERIES B
Nov 2019
$13.2m
SERIES A
Total funding: $49.7m
This company has top investors
Leadership
Ryan Alshak
(CEO)They studied at USC Law School after a year at McCafferty & Company as a Financial Analyst. They spent 2 years as a Corporate Litigator before founding Time by Ping as CEO in May 2016.
Kourosh Zamani
(COO)Having worked at Bailard for 7 years, they studied for an MBA at UCB alongside being Executive Director of YPOSF. They co-founded Time by Ping with Ryan in 2016.