Improve Performance and Profit With a Law Firm Financial Dashboard
Summary
This includes uncovering any trouble areas affecting cash flow and productivity, as well as insight into aspects like client intake leads, aging invoices, and staff workflow. In this article, we uncover how a legal dashboard can improve productivity and profitability, and share practical methods for setting up key financial metrics. It also tracks additional essential information, such as each attorney’s billable and non-billable hours per case and the amount of money collected versus billed. These law firm KPIs will keep you on track to achieve your goals for improving new business generation, billable work, and accounts receivable cash flow. This can include setting a minimum of (for example) 30 new leads and 10 new conversions per month or increasing each attorney’s utilization rate by 35% in the last quarter of the year.