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Michael Miceli Rocket Matter [email protected]
Tim Baran Rocket Matter [email protected]
Law Firm Analytics: How to Mine Data to Get a Handle on Your Firm, Grow
Revenue, and Increase Profits
Introduction & Overview
Nine Vital Numbers for Your Law Firm’s Health
Introduction to KPIs
Production Reports
Status Reports
Q&A
Agenda
Nine Vital Numbers for Your Law Firm’s Health
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Cash Position
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Cash is Oxygen for a Business
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New Leads Per Month
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New Clients Per Month
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Case Volume
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Case Value
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Matter Budget
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Utilization Rate
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Realization Rate
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Collection Rate
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Convert Your Law Firm Numbers to KPIs
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Characteristics of KPIs
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Characteristics of KPIs
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It must reflect the firm’s overall strategy and goals.
They need to be keys to the firm’s success.
It has to be quantifiable and measurable.
Reports are Essential
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Organizing Your Reports
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Production Reports
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Open Matters Report
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Billable Activities Report
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Daily Users Time Report
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Origination Report
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Allocation Report
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Productivity Per User Report
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Productivity Per Matter Report
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Status Reports
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Matter Budget Report
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Collections Report
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What the Firm Has Been Paid Per Client Report
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