The Annual Law Firm Finance Report: Global Trend Analysis 2024

The Annual Law Firm Finance Report: Global Trend Analysis 2024

Gain insight into law firm finance, profitability and the need to accelerate the commitment to commercialization.

Find out what law firms can do to safeguard profitability in 2024 and beyond, through actionable insights and expert commentary.

Read the market research to see perspectives from 800 legal finance leaders and understand why:

  • 76% report increasing demand for financial transparency, reporting & additional discounting
  • 59% confirm an increase in write-offs over the last year
  • 15% of firms will shift from using billable hours as their main KPI to more of a focus on profitability




 

Learn how firms are using technology to boost profitability

 

Explore how to apply these insights effectively during the live events below showcasing client success stories. Join legal industry experts as they demonstrate how to improve your working capital and reduce profit leakage using financial intelligence.

 

Navigating Turbulent Waters: Leveraging Technology to Safeguard Profitability

Webinar Graphics

Navigating Turbulent Waters: Leveraging Technology to Safeguard Profitability

Tue, Feb 20, 2024
11:00 AM - 12:00 PM EST

In an environment of rising costs and reducing demand, firms are looking to technology to improve operational efficiency and profitability.
Join our panel discussion to hear first-hand how other firms are leaning on technology to improve working capital and reduce profit leakage, increase financial data visibility within their firm, and respond to client demand for transparency and sensitivity to pricing structures.
Register Now

Product Case Study: BigHand Business Intelligence

BI Case Study

Product Case Study: BigHand Business Intelligence

Thu, Feb 22, 2024
11:00 AM - 12:00 PM EST

With growing financial complexity across the legal sector, law firms struggle to gain accurate, real-time visibility into financial performance across dispersed data sources. To enhance profitability and effective client service, this data is crucial.

This session delves into how BigHand BI empowers users to improve cash flow and profitability with immediate financial insight. Discover how BigHand BI:

  • Centralizes lawyer data, accounts receivable, work in progress, and other metrics into a single source of truth
  • Allows drill-down analysis to uncover billing inefficiencies and cash flow opportunities
  • Automates financial reporting and analysis to inform both executive decisions and practice group planning
Register Now

Download the full report above.