We are excited to announce the release of our new Legal Analytics for Law Firms app. This comprehensive solution is designed to streamline your firm’s financial management, budget analysis, and performance tracking across legal matters.

Key Features:

1. Billing Insights Dashboard:
   • Visualize billable and non-billable hours by matter, timekeeper, and disposition.
   • Track billing performance against fee arrangements to ensure budget adherence.
2. Budget vs Actuals:
   • Compare fee and expense budgets versus actuals across multiple matters, helping you monitor financial health and manage overruns.
   • Detailed breakdown by timekeeper and matter type for accurate financial tracking.
3. Expense Analysis:
   • Evaluate trends by expense code, matter, and category for better cost management.
   • Understand expense patterns to optimize budgeting decisions.
4. Fee Arrangements:
   • Analyze fee arrangements used, track total revenue generated, and view remaining billings.
   • Measure profit margins and revenue delivery for fee-based engagements.
5. Matter Performance Insights:
   • Track trial preparation and efficiency with metrics like upcoming trials, pre-trial duration, and time logged per matter.
   • Optimize task efficiency with detailed insights on task completion and events.
6. Resource Utilization & Rate Analysis:
   • Measure resource allocation, effective rates by timekeeper and matter, and case efficiency.
   • Ensure optimal resource deployment across matters and maintain transparency on rates charged.

These tools empower your team to make data-driven decisions, optimize resources, and manage financial forecasts with greater precision. With robust dashboards and detailed analysis across billing, expenses, and performance, your firm will be well-positioned for operational success.