Benchmarking your Law Firm
In addition to assessing your firm against your competitors, the Legal Business Monitor also enables you to assess the output performance of individual partners, associates and other employees.
The in-depth benchmark analysis provides legal partners and associated with information such as:
- How does your profit margin compare with other firms of similar size?
- How productive are your lawyers compared to other firms?
- Are you charging too much or too little for your services?
- Do you have enough employees or are your employee costs too high?
- How much should you be investing in computers and technologies?
- How does your firm compare to others in your state? As well as nationally?
Whilst financial performance is important, our tool also enables you to run modelling to support partners make strategic decisions investment and employee decisions to drive sustainable growth.