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Matter Pricing Resources

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"It seems like lawyers are still “sticking a finger in the air” to get budgets and need help finding the right number and adhering to it. We need tools that mine the firm for analytics and can tell you things like, “how much does a motion cost?”"
Catherine Krow, Managing Director of Diversity and Impact Analytics, BigHand
"Providing matter budget tracking at regular intervals builds the client’s trust in both the work and the firm, allows the client to manage expectations, and helps minimize write offs and improve law firm profitability."
Andrea Menezes, Solutions Manager, Pricing and Profitability, BigHand
"When working with our clients, we see matters with budgets almost always outperform those without, and it would not be unheard of to expect an increase in profitability with matters that have budgets - some firms report having more than a 10% swing in recovery for budgeted matters."
Jack Heron Product Manager, Pricing and Profitability, BigHand
"In my many years working with law firms on matter pricing and budgeting processes – I would say this is the most significant shift yet. Those firms with the matter profitability tools in place, alongside the right people initiatives, will become truly competitive and be best placed to meet client needs."
Rob Stote Managing Director, Financial Productivity , BigHand

Blogs

Matter pricing, budgeting and tracking –benefits for your firm and your clients
#Legal #Matter Profitability #Blog #All Regions #Matter Pricing
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What are best practices for AFAs in law firms?
#Legal #Matter Profitability #Blog #All Regions #Matter Pricing
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Law firm profitability and commercial culture – an intrinsic link
#Legal #Matter Profitability #Blog #All Regions #Matter Pricing
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Top Takeaways from Sandpiper’s Profitability, Pricing and Data Analytics Midwest Conference
#Legal #Matter Profitability #Blog #Asia Pacific #Matter Pricing
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Top Takeaways from Sandpiper’s Managing Law Firm Profitability, Pricing and Data Analytics Conference, London
#Legal #Matter Profitability #Blog #UK #Matter Pricing
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