Gathering and analysing the information you need to oversee the planning and pricing of your legal matters can be a challenge without a clear pricing model in place.
Start creating better matter budgets
Plan, manage and monitor all matters from both a financial, regulatory and customer perspective, with an intuitive law firm pricing solution that provides the essential information you need.
Easily prepare budgets and track against them as matters progress, and price with visibility of profit, with access to concrete, actionable data.
Create more accurate budgets and track matter profitability easily
With BigHand Pricing, your teams can quickly and easily track against budgets and look at more effective ways of pricing for profit.
BigHand Pricing is the most advanced solution in the market - built for legal, by legal.
Gain matter profit insight before you begin
The increased use of fixed fees across the industry has shed a new spotlight on law firm pricing. Accurate pricing plans incorporating resource and timing requirements has never been more important to ensure a profitable practice. With the use of historical data, firms can compare similar pieces of work, and build an accurate matter budget based on likely resource requirements.
Transparency for all
By building matter budgets from real, quantifiable data, firms can ensure full visibility for every client. Having the ability to outline budget and resource requirements from the outset makes cost conversations easy and transparent. If scope changes, live budget tracking enables continued clarity, ensuring all parties have up-to-date information throughout the matter process.
Simplify Precedent H budgeting
Creating Precedent H budgets can time consuming and costly, utilising skilled employees’ valuable time to ensure each budget meets the complex compliance standards. Utilising historical data of similar matters can simplify and streamline this process, as well as improving budgeting accuracy.
Create and stick to a consistent pricing strategy in your firm for optimum profitability and enhanced client transparency.
As a result of a very successful pilot process, Mishcon de Reya has selected Evaluate to support its approach to data-driven matter pricing, budgeting and tracking, enabling greater insights into the efficient management, process and profitability of legal transactions.
Mishcon de Reya LLP
We recognised the need to improve our reporting structure to provide partners and lawyers with readily available information to help them better understand how they are performing, reinforcing a corporate culture of financial control to meet both our own and our clients’ business needs.
Neil Demuth, Executive Director, Finance Operations, Foot Anstey