Driving Financial Performance with Data Analytics
Challenge:
Partner believes that low financial profitability is due to low level of quality intakes.
Engagement:
We conduct a top-down, metric driven law firm assessment. We examine key metrics throughout the client lifecycle to determine root-cause of low financial profitability.
Law Firm Optimization:
We determine that the pipeline is sufficient to generate industry average profitability. We identify abnormally long durations of open cases due to siloed case management and a lack of cross-fertilization. We also identify internal roadblocks driving slower case progress and recommend allocating new caseload based on attorney ability to compress current internal backlog, resulting in shorter lifecycle durations.
