Make your legal finance data work for you

It can be a challenge for law firms of any size to achieve both financial and operational excellence. Lawyers must understand the commercial aspects running a business – they need to know what’s increasing law firm profitability, what’s not, and what to change.

But time-strapped fee-earners don’t have the resources to accurately sift through the masses of data that every business generates in order to streamline processes and plan for the future. To make informed business decisions, you need to be able to easily access the vast amount of data that already exists hidden within your PMS and transform it into actionable legal business intelligence.

When you can slice and dice key law firm financial metrics, drill down to the detail, and give your teams the autonomy to access the legal data analytics they need, you can boost law firm profitability, productivity and efficiency across your business.

Make better commercial decisions, fast

BigHand’s Legal Business Intelligence is the most advanced BI solution for law firms. It’s flexible, autonomous and source agnostic data warehouse solution, replaces manual law firm finance reporting with a real-time digital overview of your financial data. Specifically tailored for lawyers, finance and management teams, it strips the complexity away from the mountains of information you generate. The self-service tool gives users controlled access to the appropriate legal finance data which can be quickly and easily shown through any visualisation tool of choice, including PowerBI.

The Big Benefits

Boost law firm profitability, productivity and stay competitive

so you can operate like an informed commercial business, and not waste time manually collating data for law firm revenue reporting.

Get to grips with outstanding law firm debt

reduce lock-up and increase cashflow.

The data you need to tackle your challenges

with real-time legal finance dashboards, and self-serve analytics tailored to each specific user’s role within your firm.

Interactive, fast-acting and intuitive legal finance reporting

giving the end user exactly what they need to stay efficient, in real-time.


Get a grasp on your law firm financial reporting in real-time

BigHand Legal BI

With BigHand Quantum, your teams can get the actionable data they need to make smarter, profit-driven decisions. This software uses modules to help you assess:

- Revenue
- General Ledger
- Profitability
- KPI/Partner Performance

Manage your own time resource with the Revenue module

Give lawyers, partners and business partners a better understanding of where their teams are spending time. View key KPI’s from the value of billable time and fees billed or collected, to the exposure of your aged work in progress and debtor time. Manage resource and law firm revenue effectively, track billable hours, and better understand your transactional-based SEMA in real-time.

Empower your teams with the information they need

"Everyone is encouraged to look at the BigHand Quantum dashboard every day to ensure they can make the best possible decisions for clients." – Morton Fraser

Give your accountants the legal financial analysis they need with the General Ledger module

To get where you want to go, you need to understand where you are. Geared specifically towards accountants, this module helps make sense of your financial performance. Keep on top of balance sheets, cost control management, financial accounts, cashflow data and departmental spend.

Understand where your money is going with the Profitability module

A valuable extension of the revenue module, this function allows you to assess the profitability of any area of your business, splitting it down by work type, office or legal department dashboard to see exactly where you are spending money.

Understand your law firm profitability

"Our business leaders now have a powerful legal BI tool to help understand in detail the profitability of the work we are delivering." – Foot Anstey

Set measurable goals with our law firm KPI/Partner Performance module

Stay on top of law firm data analytics. Your innovative performance appraisal dashboard gives you an overview of how on-track your business is to meet its objectives. Users can easily set realistic and achievable operational goals for the year, and monitor time spent working towards them.

Give your users easy access to the appropriate legal financial data for their role with Quantum Self-Service

Your management, finance teams and lawyers all need tailored data in their roles. With our self-service tool, you can provide them with controlled data analysis that can quickly and easily be shown through any visualisation tool of choice, including PowerBI.

A one-stop-shop dashboard

"BigHand Quantum provides a one-stop-shop dashboard to enable lawyers to manage their own performance, as well as their portfolio of clients, with instant access and financial information.” - Foot Anstey

We know every firm wants to view their financial data differently, so we will work with you to identify what is best

Assist in tackling your challenges
Our BigHanders are legal business intelligence experts, and they’ll work closely with your teams from the get go. We’ll establish scope, ensuring your data warehouse is built quickly and without disruption, and create legal BI dashboards that reflect the information you need to tackle the challenges you face.

‘Assign’ support function
‘Assign’ is a valuable add-on to the BigHand legal BI tool, in the form of purchased service delivery days. As opposed to some systems, which often leave you to manage everything yourself once configuration is complete, our team can be on hand to provide a managed service offering as and when you need them.

img

Like-minded companies just like yours use BigHand legal BI

Find out how BigHand Quantum can help your business

BigHand Quantum shines a light on the financial health of your business - check out our other legal BI resources

Cash Flow and Profitability Survey

A survey of senior legal personnel created to better understand the way firms are managing their cash flow, and the new commercial model.

Holman Webb chooses BigHand Quantum for business intelligence

Leading Australian law firm, Holman Webb, has chosen BigHand’s financial Business Intelligence solution to deliver real-time accurate data reporting and insights to drive first-class client service delivery.

The Legal CFO’s Guide To Cash Flow In The Current Climate

Practical advice for legal finance leaders to ensure cash in the bank and encourage a culture of commercial awareness.

Interested in seeing more of our Business Intelligence resources?

Get a grasp on your law firm financial reporting in real-time

Talk to our team about how visibility of your business's key financial information could transform your roadmap.