Pricing is hugely important to a firm’s profitability

Many organisations still approach it without concrete, actionable data. Pressure from clients, regulations and even your own staff can make forecasting a headache.

What’s more, too many law firms are not tracking lawyers’ time against matter budgets, and there are misunderstandings about wider pricing strategies – all due to a lack of visibility.

With a more transparent look at business activity across each matter lifecycle, you can better understand your bottom line and plan your pricing in advance.

BigHand Evaluate is a next-generation legal matter planning, pricing and cost management solution. Turning data into actionable insight and transparency empowers your teams to make objective pricing decisions, armed with accurate real-time business understanding.

Gain real-time understanding of data and profitability drivers like leverage, effort and costs, giving your teams the autonomy they need to boost productivity.

The Big Benefits

Plan and price better

when you understand your bottom line, you're empowered to make smarter financial decisions.

Increased transparency and visibility

driving business value, analysing revenue instead of just project costs and enabling better conversations with your customers.

Autonomy for staff

by putting matter management back into hands of those who need it most, in a simple way.

Flexible structures

supporting centralised and decentralised pricing arrangements.

Better monitoring

using trackers and alerts to gain real-time insight into progress against budgets.


Accelerate your firm’s growth with better budgeting and pricing tools

BigHand Evaluate

With BigHand Evaluate, your teams are empowered to make objective pricing decisions, armed with accurate real-time business data.

BigHand Evaluate's intuitive solution offers visibility over your organisation's historical financial data and vital KPIs, allowing you to monitor efficiency and profitability across the business.

Better budgeting

New matter budget accuracy is critical in providing cost certainty for both clients and the firm. Flexibility and what-if analysis allows for informed discussions on scoping based on real-time data.

Our data science-based cloning module delivers weighted average pricing proposals based on firm-wide historical outcomes.

Monitor your budget in real time

"BigHand Evaluate allows us to monitor the budget in real time against actual. This provides an up-to-date picture of progress at any point in time, leading to a more informed relationship with our clients."- Mishcon de Reya LLP

Pricing for purpose

Pricing is a key profitability lever, and yet an experienced finger-in-the-air approach is still a common theme.
Rapidly assessing different resource level, rate and hour scenario changes with immediate insight on profit and realisation margins, as well as working backwards from a fixed fee ensures commercial viability across every type of legal matter.

Track your budgets and get alerts, so no more surprises

Configurable, automated notifications allow for a proactive approach on tracking matters, making sure everything is on budget and overruns are solved in a timely manner.

Monitoring allows the delivery teams to graphically track the progress of the engagements against the budget.

Our "forecasting estimate, complete by phase" features allows real-time insight into the impact of overruns versus remaining work effort on key profitability KPIs against the life of a matter.

Report on your finances

Client reporting requirements are ever increasing. Advanced, configurable reporting allows for complex requirements to be met by the partner on a self-service basis, ensuring the client’s demands are met in a timely manner in a format that is professional and easily digestible.

Precedent H reporting is reduced from spreadsheet hours to a few clicks of a button, allowing your Litigation teams to stay compliant and efficient.

Fully supports Precedent H

“When we undertook our complete technology update in 2015, BigHand was the only company that had spent time developing a solution to support Precedent H - and that enables us to quickly and effectively comply with litigation funding.” - Foot Anstey

We’ve got you covered with a simple, quick implementation

Quick, painless and efficient
Implementing BigHand Evaluate takes just weeks, not months. With similar timeframes for both deployment and getting your staff up to speed, we free up time so you can focus on the important things.

Seamless integration
BigHand Evaluate is an agnostic, standalone solution that works seamlessly with existing legal business applications, and is flexible enough to work alongside your ever-changing business requirements. It supports regulatory pricing requirements, where civil litigation clients must submit a budget before starting.

img

Only when you have full view of your teams' capacity can you plan and price future jobs accurately

Improve your margins with BigHand

  • Additive gains
  • Remove waste and cost
  • Create time and value
  • Insight for data-driven decisions
    • Leverage your experience
    • Evidence budget/pricing transparency
    • Prepare stronger pitches that win new business

    • Be selective in work bid for
    • Informed negotiation
    • Right level/mix of resources

    • Dictation and delegation on the move
    • Convert dead time to productive time
    • Shorten turnaround time for clients

    • Lawyers not writing off time spent typing
    • Low value work sent to right place
    • Lawyers not doing admin

    • Project manage scope
    • Track billing
    • Customer transparency and communication
    • Limit write-offs

    • Analyse past transactions
    • Identify profitable clients
    • Identify profitable practice

    • Be selective in work bid for
    • Informed negotiation
    • Right level/mix of resources

    • Speech recognition for first drafts
    • Automated file and attendance notes
    • No internal transcription required

    • Dictation and delegation on the move
    • Convert dead time to productive time
    • Shorten turnaround time for clients

    • Standardise where possible
    • Remove duplication
    • Stylise automatically

    • Centralise key specialisms
    • Drive increased delegation for all lawyers
    • Back-office visibility, reporting and SLAs

    • Lawyers not writing off time spent typing
    • Low value work sent to right place
    • Lawyers not doing admin

    • Identify which work can be outsourced
    • Direct link to chosen provider
    • Service level tracking and reporting

    • Improve revenue management
    • Track WIP and debtor days
    • Collect cash faster

Click an information point to find out more

Follow in the footsteps of companies like these, who rely on BigHand Evaluate to help price matters

Discover how BigHand Evaluate can help you enhance your business

Pricing accurately is just one step on your journey to operational excellence...

Get to grips with your data

Achieve operational excellence by transforming your financial data into actionable business intelligence, with BigHand Quantum.

Right work, right resource, right cost

Digitise and optimise your firm’s delegation process from start to finish with BigHand Now, our intuitive workflow management system.

Ensure every matter is priced profitably

Get in touch to find out how our solutions can work for you.