Business Intelligence & Analytics

In today’s fast-paced business environment successful law firms need to be able to get an up-to-the-minute picture of how the practice is performing. For 15 years, Advanced Legal has been working with managing partners to narrow in on the most important factors in running their firms. They identified 7 Key Performance Indicators (KPIs) that help them keep their fingers on the pulse of their practices.

The 7 KPIs are:

  • Work In Progress
  • Billing vs Projection
  • Accounts Receivable
  • Cash Receipts
  • Client Advances
  • New Business
  • Client Distribution

 

Getting this information out of your financial management system in a format that is usable can be a challenge. For several years, large law firms have had the tools to evaluate performance, but until now, they have not been available to mid-sized, and small law firms.

Now, mid-sized and small firm leaders can evaluate key firm metrics while individual fee earners have the tools to visibly track, monitor and improve their own performance.

Learn More . . .

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