Legal Business Intelligence Software

How can BigHand Business Intelligence help me?

Choose a department to see the benefits:

Make informed decisions backed by data. Gain instant access to financial data from firm-wide to matter partner, client partner and practice group. From the value of billable time and fees billed / collected, to the exposure of your aged work-in-progress and debtors.

Spend less time creating reports, and more time informing strategy. Get instant access to KPIs like Fees, Time, Collections and Profitability, that can be drilled into right down to individual matter invoices, so you can dedicate more time to building commercial awareness in your firm.

Access key financial data in real-time to make informed business decisions to drive firm-wide improvements that future proof your law firm and improve client relationships.

Drive business strategy by providing ‘one version of the truth’ data. Leverage the vast amount of information stored in your business systems with seamless integration to your legal PMS and other reporting systems.

Give your lawyers the ability to do their own financial analysis with controlled access to relevant data. Key client and matter-based data points provide targeted insight into the overall client relationship.

Key Features

Customisable Dashboards and Reports

Fully automated reporting on financial performance of the law firm, right down to the Individual level. Drill down into financial KPIs like fees, time, collections and profitability and GL.

Modules and Warehouse Data Storage

Provides both traditional data storage and more advanced analytical capabilities.

Advanced Modules

Choose from independent modules: Profit, GL, Expense, Revenue. Read more about each module below.

Practice Management Plug and Play

Pre-built connectors allow for standard and rapid deployment against law firm financial systems.

Role-Based Views / Access

Firm, Partner, Practice Group, Individual views and more provide key information relevant to the user’s role. Build a culture of commercial awareness by showing users exactly what they need to see, and no more.

Intuitive Interface

No proprietary code allows the firm to leverage existing Microsoft technical expertise. Easy to use with minimal training requirements and backed by 24 hour support.

Self-Service Analytics

View in any visualisation tool of choice, including PowerBI.

Business Development Module

Overview

Empower your lawyers, finance and BD teams to easily monitor client health and collaborate to win more business from your existing clients, without compromising billable hours targets.

Features

Client Lifecycle Status

View which of your clients are thriving, stable and at risk, and how this has evolved over time based on rolling billable hours

Client Scoring

Get a holistic view of your client relationship status, how lawyers are influencing this and potential business opportunity

Client Rankings

Help teams gain a greater understanding of what actions positively impact client health, with a view of how clients compare to each other

Cross Sell View

Improve internal collaboration between your lawyers to win more work with existing clients and reduce attrition, with a view of potential cross-sell opportunity across different practice areas

Benefits

Identify your best growth opportunities by viewing client health and rankings to pinpoint potential to grow relationships
Work smarter by enabling partners to cross-sell more of the right work via internal referrals
Build stronger client relationships with instant visibility of the health of your client accounts - and how this has changed overtime
Build your lawyers' commercial acumen with better insight into the factors that make up a profitable client

Profit Module

Overview

We consider the Profit module to be the “crown jewel” of our complete BI suite for law firms. It is tightly integrated with the other modules, giving firms a complete view of profitability as part of the overall firm performance.

Features

Complete profitability analysis and reporting solution for law firms
Features the most powerful and flexible profitability/allocation engine ever offered for law firms
Ability to tie collections back the associated work and costs in previous periods (“matching”)
Three forward-looking projected profitability scenarios: Optimistic, Pessimistic, and Expected
Full support for both cash and accrual-based profitability analysis
Each implementation is fully customized based on your firm’s business practices and requirements
The vast majority of queries render in one second or less, and dashboards that contain numerous queries render in four seconds or less on average
Fast queries and fast dashboards

Benefits

Profitability reporting and analysis becomes part of your monthly reporting cycle
Power users are provided with a complete toolset to support ad-hoc profitability analysis
Partners and firm-managers can improve performance by monitoring their book of business with role-based profitability dashboards
Specifically built to handle your toughest “expectations to the rules”

GL Module

Overview

The GL module provides a robust foundation for our complete BI solution to analyze and report on general ledger data. The entire set of GL data is available, including drill-through to journal entries. The GL module is tightly integrated with the other BI modules, providing users with a comfortable and familiar analysis experience.

Features

Complete GL analysis and reporting solution for law firms
Complete set of role-based financial dashboards, providing analysis by Executive (Total Firm), Department Head, Office Manager, and Team Leader
Dashboards include financial reports such as Income Statement, Balance Sheet, and Trial Balance
A robust cube with 50+ measures to support ad-hoc analysis on firm GL data and financial performance
Report by cash and accrual with multi-currency support
The vast majority of queries render in one second or less, and dashboards that contain numerous queries render in four seconds or less on average
Full support for project-based GL analysis

Benefits

Role-based dashboards drive improved performance across business units. Firm unit managers and executives are fully informed on business unit performance and profitability
Budget variance analysis supports firm cost control initiatives
Power users are provided with a complete toolset to support ad-hoc analysis of firm financial data
Fully configurable to match your firm’s GL account structure and hierarchy

Expense Module

Overview

Ability to monitor vendor expenses and identify trends where vendor expenses are either increasing or decreasing
Reporting and analysis of AP by vendor, including aging buckets. Breakdown of vendor expense is also available by Invoice
Vendor expense can be viewed based on business units: Total Firm, Office, Department or Team
Fast queries and fast dashboards - the vast majority of queries render in one second, and dashboards that contain multiple queries render in four seconds or less
Ability to classify vendors by Vendor Type for analysis and reporting

The Iridium BI Expense module allows firms to track and analyze their vendors spend, a critical component to support your firm’s expense control initiatives.

Features

Complete expense analysis and reporting solution for law firms
The expense data is sourced from the AP sub-ledger, providing users with a vendor-centric view of the expense data
Complete set of Expense dashboards
Robust security only allows approved personnel to monitor and analyze expense data
Multi-currency support

Benefits

Quickly identify vendors with increasing costs
Tightly monitor and report on AP by Vendor, a critical component of cash flow analysis
Power users are enabled for ad-hoc analysis of vendor expense and payables

Revenue Module

Overview

The BI Revenue module provides clear insights into your firm’s financials, providing lawyer friendly dashboards to everyone within the firm. The module supplies over 300 measures including billable hours, billable value, bills, collections, disbursements, and WIP/AR.

Features

Complete performance analysis and reporting solution for law firms
Complete set of role-based dashboards, providing analysis by Working Personnel, Responsible Partner (multiple roles), Department Head, Officer Manager, Team Leader, etc
A robust cube with 300+ measures to support ad-hoc analysis on all aspects of firm performance
The vast majority of queries render in one second or less, and dashboards that contain numerous queries render in four seconds or less on average

Benefits

Role-based dashboards drive improved individual and firm performance
Attorneys are fully informed on their key KPIs
Partners and firm managers can improve performance by monitoring their work with role-based dashboards
Power users are provided with a complete toolset to support ad-hoc analysis

BigHand Business Intelligence awarded best overall legal analytics solution of 2024

Business Intelligence Legal BI software with role-based reporting and dashboards

The Big Benefits

Law firms just like yours are benefiting from BigHand Business Intelligence

How can BigHand Business Intelligence help me?