How does your law firm measure up?

KPI Reporting

 

do you measure these Key Performance Indicators every month?

Productivity % the percentage of total hours charged by fee earners to WIP
Write-on/off % the percentage of WIP billed either over or under the amount charged to WIP
Average rate the average amount of revenue earned per hour
WIP days the number of days of revenue that has been charged to WIP but unbilled
Debtor days the number of days of revenue that have been billed but hasn’t been paid by clients

 

If not, you should be. FWO’s Law Firm Specialist, Matt Schlyder, will help you measure so you can manage with our NEW monthly KPI Reports, designed specifically for law firms.These 5 key performance indicators can not be assessed individually, as they all impact each other. Your main focus needs to be understanding the relationships between each KPI and the impact  of one activity that drives one KPI might have on another KPI, both favourably and/or unfavourably. Matt will help you develop strategies to improve all 5 KPI’s, having a positive impact on profit and cash flow. Call Matt on 07 3833 3902 to book your free no obligation consultation today.

Your scorecard

Matt will help you develop strategies to improve all 5 KPI’s for your firm and provide you with a scorecard, so you can get a visual idea of what areas you need to improve. How does your scorecard currently look? Are you meeting your KPI’s?

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