Manage your firm with objective data : billable and invoiced hours, amounts collected, the most profitable files and subjects...
A law firm's health and development, regardless of its size and the areas in which it is competent and recognized, depends on the profitability of the cases processed by its associates and employees. The nature of the cases and clients can influence their potential profitability (corporate consulting, tax law or real estate for the most lucrative), and their choice is therefore critical to the firm's revenue growth and the resulting development opportunities: recruitments, expansion of the structure, real estate investment... To be effective, choosing the types of clients and cases must be guided by factual elements regarding the teams' performance and the profitability of the cases already handled.
These factual, objective elements, which exclude any human judgment, can only be obtained through a management system that allows its users to instantaneously and easily record and retrieve financial and time spent statistics in the form of organized graphs in customizable and exportable thematic dashboards.
Improving your firm's activity management involves implementing tools and methods for measuring its teams' performance: time spent, invoiced and not invoiced hours, invoices collected, and overdue invoices.
Yes, it is the very basis for managing a law firm. The reporting tools extract the financial data from the software to date to carry out an inventory of the firm's financial situation.
Financial data is linked to file processing data: identification of the file (name and number), subject, stakeholder, time spent... it is then possible to identify strengths and areas for improvement for greater performance.
