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Law firms’ annual budgeting process shapes profitability, partner compensation, and decision speed

Budget assembly still runs through spreadsheets and email at many law firms, taking longer than expected and arriving with errors, gaps, and out-of-date inputs. And when circumstances change, reforecasting is just as painful. BigHand Budgeting and Forecasting brings intelligence before every budget decision, giving firms a centralized view of the numbers that makes reforecasting as straightforward as the original budget.

 

 

 

How does BigHand Budgeting and Forecasting provide the right intelligence before decisions are made?

See how BigHand Budgeting and Forecasting works for CFOs and COOs, budget administrators, and budget stakeholders.

CFOs and COOs

Budget Administrators

Budget Stakeholders

Firm Specific Fee Modeling 

Custom financial models that project fee revenue across any period. 

Compensation and Benefit Modeling 

Automated compensation, benefits, and tax calculations using your firm's business rules. 

Fee Revenue KPI Reporting 

Analyze revenue KPIs at firm, region, practice group, or rank level to test what drives results.

Live Financial Statement Reporting 

Budget changes flow directly into reports without manual rebuilding, filtered by any business dimension. 

Interactive Drill Down 

Move from firm-level KPIs to a single line item or transaction in a few clicks, with full audit context. 
<p>Firm Specific Fee Modeling&nbsp;</p>
<p>Compensation and Benefit Modeling&nbsp;</p>
<p>Fee Revenue KPI Reporting&nbsp;</p>
<p>Live Financial Statement Reporting&nbsp;</p>
<p>Interactive Drill Down&nbsp;</p>
<p>Firm Specific Fee Modeling&nbsp;</p>
<p>Compensation and Benefit Modeling&nbsp;</p>
<p>Fee Revenue KPI Reporting&nbsp;</p>
<p>Live Financial Statement Reporting&nbsp;</p>
<p>Interactive Drill Down&nbsp;</p>

Centralized Budget Management 

Create and maintain budget and forecast versions in minutes, with all data in one place. 

Automated Data Collection 

PMS, GL, and HRIS data flows in automatically, removing the manual cycle of collecting and distributing inputs. 

Permission-based Security 

Stakeholders see only the data they need, with controlled access across every department. 

Live Reporting 

Budget data is reportable as soon as it is entered, with custom reporting for any audience. 

Full Audit Trail 

Every change is tracked by user, account, and resource, so budget governance stays defensible. 
<p>Centralized Budget Management&nbsp;</p>
<p>Automated Data Collection&nbsp;</p>
<p>Permission-based Security&nbsp;</p>
<p>Live Reporting&nbsp;</p>
<p>Full Audit Trail&nbsp;</p>
<p>Centralized Budget Management&nbsp;</p>
<p>Automated Data Collection&nbsp;</p>
<p>Permission-based Security&nbsp;</p>
<p>Live Reporting&nbsp;</p>
<p>Full Audit Trail&nbsp;</p>

Intuitive Budget Entry 

Enter budget line items monthly, quarterly, or annually, with notes, memos, and attachments. 

Variance Management 

Track actuals against budget in one place, with the ability to write explanations and drill into supporting detail. 

Self-serve Historical Data 

Look up historical financial data without raising a ticket with finance. 

Filter and Sort by Need 

Filter budget data by what matters to you, no specialist support required. 
<p>Intuitive Budget Entry&nbsp;</p>
<p>Variance Management&nbsp;</p>
<p>Self-serve Historical Data&nbsp;</p>
<p>Filter and Sort by Need&nbsp;</p>
<p>Intuitive Budget Entry&nbsp;</p>
<p>Variance Management&nbsp;</p>
<p>Self-serve Historical Data&nbsp;</p>
<p>Filter and Sort by Need&nbsp;</p>

 

 

How does BigHand Budgeting and Forecasting deliver value to your firm?

BigHand Budgeting and Forecasting brings intelligence into financial planning before decisions are made, helping firms set defensible budgets, accelerate the budgeting process, and protect partner compensation expectations.

Person outline with shield

Profitability protected

Accurate budgets built on current data for transparent compensation.

Outline of person with plus sign

Client value grown

Capacity to confidently advise and decide.

Icon on performance

Performance unlocked

Results in minutes, respond to change without waiting.

 

 

Chart Pie Simple Circle Dollar Light Centralized Budget Repository
List Ol Light Firm-specific Business Rules
Merge Light PMS, GL, and HRIS Integration
Chart Mixed Up Circle Dollar Light Fee Revenue Modeling
Hand Holding Dollar Light Compensation and Benefit Modeling
Comment Question Light What-if Scenario Modelling
Chart Column Light Live Reporting
File Pen Light Custom Report Writer
Folder Tree Light Interactive Drill Down
Folder Gear Light Variance Management
User Shield Light Permission-based Security
List Tree Light Full Audit Trail
Browsers Light Browser-based Stakeholder Entry

 

 

What law firms like yours will achieve with BigHand Budgeting and Forecasting

How CFOs, COOs, and finance teams at leading firms use BigHand Budgeting and Forecasting to set defensible budgets and run the planning process with confidence.

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