BigHand Matter Pricing helps you to grow your profit margin and improve client service by pricing legal work accurately and setting realistic, trackable budgets to ensure client expectations are met. Our PMS-integrated platform enables you to accurately predict, optimize and manage every single matter handled by your firm.
Our calculator looks at two core ways that our tool helps law firms to drive greater value and profits. Each calculation is based on real-life data and insights collected from over 30+ years of working with law firms.
BigHand Matter Pricing enables you to view your optimal resource mix for any given matter by giving you access to accurate rate data, a searchable bank of templates and historic matters, and “what-if scenario” modelling to understand the impact of discounting or changing resources on profitability. These features and more allow you to price work in a way that’s both appealing to your client and generates higher profits for your firm.
BigHand Matter Pricing empowers you to set and track against more accurate budgets for legal work, integrating timecard and billing data from your PMS in near-real time to give you a 360 view of matter and lawyer performance for each phase of the work. When budgets do overrun, our tool enables you to pivot quickly to get things back on track and deliver the work within scope and on time. This ultimately leads to better client service, a decrease in write-offs and an overall increase in recovery and profit.
