Reports and Guides

The 4th Annual Law Firm Profitability Survey

LawVision and Iridium Technology, now part of BigHand, surveyed law firm leaders on key topics such as overall satisfaction with profitability, strategic projects being pursued to address performance, reporting policies, tools/technologies in use, as well as the nuts-and-bolts of profit modelling and calculation. See what they said...

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Guide: How to Improve Matter Budgeting to Increase Profitability

Improving profitability is a top focus for any legal professional today. We know it’s important to increase revenue and reduce cost, but where’s the best place to start? Creating informed matter budgets based on data from previous work is key. When working with our clients, we see matters with budgets almost always outperform those without. Download the guide to see how firms are improving matter budgeting to increase profitability.

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Legal Pricing Director Priorities: Law Firm Profitability According to the Experts

In this article, we dig into the findings of BigHand’s Legal Pricing and Budgeting Report, specifically the findings from Pricing Directors to provide insights on their top priorities, including mandated matter budgeting; profit leakage; and embedding a culture of profitability.

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Implementing Financial Intelligence to Give Law Firms a Competitive Advantage in 2022 and Beyond

In an effort to identify key trends among law firm financial leaders, BigHand, BRYTER, and SurePoint Technologies together conducted a research on the elevated expectations of finance professionals, the impact of the pandemic on the business of law, the application of data to decision-making, the perception of profitability, and the pace of innovation. Read what the results said...

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The Legal Pricing and Budgeting Report

The Legal Pricing and Budgeting Report collates data from over 800 senior legal finance and pricing professionals, Managing Partners, Practice Managers, and Finance Systems roles from law firms across the UK and North America with 100+ lawyers. The findings give a unique view into the latest legal pricing and matter budgeting trends. Se what they said...

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The Legal Resource Management Report

The past year has placed huge new challenges on law firms – from partners to junior associates and support staff. There is no doubt that working from home has created a disconnect between teams, affecting profitability and diversity, equity and inclusion (DEI) initiatives. In this report, we share data gathered from 914 legal management professionals, from firms of 50+ lawyers in the UK, North America and APAC. See what they said....

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Legal Matter Pricing Report

We surveyed 250 legal finance professionals, in conjunction with TVPI and ALPMA, to uncover the latest trends in legal pricing strategies, including the impact of COVID-19, the rising demands for client pricing transparency, and the need to improve people, process and technology in response. Download the resulting report here.

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