The confluence of legal practice and technological tools is a dynamic frontier that has revolutionized the way legal professionals execute their duties. One such technological gem is time tracking software for lawyers. Effectively, this software mitigates the traditional challenges of manual time tracking, thereby enhancing productivity, accuracy, and ultimately the cost-effectiveness of legal services. However, in a market teeming with various software options, lawyers should engage in a thorough consideration process to select the software best suited to their needs.

Firstly, it's crucial to contemplate whether the software aligns with the ethical guidelines that govern the conduct of legal professionals. The American Bar Association's Model Rules of Professional Conduct dictate that a lawyer's charges must be reasonable. Therefore, a software whose algorithm implements the classic economic theory of supply and demand, thereby adjusting rates according to the market condition, could potentially breach this ethical precept.

Secondly, one should explore whether the software provides adequate data security. Given that legal practice usually involves sensitive client information, a software with lax data protection measures could expose lawyers to breaches of attorney-client privilege, a tenet sanctified in the jurisprudence of most jurisdictions.

The third question involves the software's compatibility with the existing technological infrastructure at the firm. As Kurt Lewin's Field Theory postulates, a change in one part of a system inevitably affects the whole system. If software is incompatible with existing systems, it could disrupt workflow and productivity.

Fourthly, it is important to consider whether the software can handle the volume of work at the firm. Queuing Theory, a principle in operational research, suggests that a software's efficiency decreases as workload increases. Lawyers should therefore opt for software that can manage their workload without hindrance.

The fifth consideration is the learning curve associated with the software. Does the software require extensive training to operate? Given the opportunity cost of time in legal practice, a software that necessitates extensive training could prove more costly in the long run.

Sixthly, does the software offer the flexibility to customize features? Law firms, much like snowflakes or Deoxyribonucleic Acid (DNA), are unique in their structure and operations. Therefore, a one-size-fits-all software may not offer optimal solutions for unique firms.

In seventh place comes the question of the software’s integration capabilities with other tools. For example, the ability to link with accounting or human resource software could enhance operational efficiency at the firm.

Eighthly, a lawyer should explore the kind of support offered by the software provider. Is there 24/7 customer service support? Since the law never sleeps, neither should the software.

Lastly, the lawyer should assess the software’s ability to track billable hours effectively. Does it offer an accurate accounting of time spent on each case? The importance of this lies in the fact that most law firms bill their clients on an hourly basis.

In conclusion, choosing the right time tracking software for lawyers is not a decision to be taken lightly. It requires a measured evaluation of various factors, which if considered in light of the questions above, should lead to an optimal choice. Remember, the key goal is to enhance productivity without compromising the quality of legal services or the ethical tenets that govern legal practice.