Best Legal Software with Integrated Analytics, Reporting and Statistics

Budget vs Spend

There is an increased demand for an appropriate budget to be in place in advance by the firm’s clients. It has become very important for firms to track the budget for each case automatically as well as update them on a timely basis. In some cases, if the firm’s spend exceeds the agreed-upon budget for a phase, they require approval to bill for more time during that phase. Thus, it is rather important that the firm is able to easily monitor their budget against the time that they have actually billed. This report presents a comprehensive outlook on all the overbudgets and/or underbudgets as well as the firm’s level of tracking the budget.

Profit and Loss per Claim

This report allows the firm’s Finance Team to gain access to profit or loss on each of the case handled by the firm. Furthermore, it will let the finance team know who are the attorneys working on each profitable or loss making claims.

This report presents the firm’s Finance Team with an analysis on the profits and losses on each case that the firm handles. Furthermore, the Finance Team can gain insight on which attorneys are working on the respective profitable/nonprofitable claims.

Profit and Loss per Location

CFO’s or Administrators of Law Firms with offices in multiple locations can view which of their locations are profitable, and which are not. Coupled with the Profit & Loss per Claim Report, the CFO now possesses unlimited access to detailed analysis on the attorneys and locations that are actually profitable to them.

Accounts Receivable

The firm’s Billing and Finance teams can gain detailed access to their AR. The actual AR per client and respective percentage is viewable.This report also contains a summary of all the activities and expenses billed and broken down based on the attorneys’ status.

Amount Billed by Phase

This report gives your firm’s Finance Team details of the amount billed by phase. At a glance, the litigation phases that generate more revenue and those that generate less revenue are viewable.

Work in Progress Summaries

This report contains all-inclusive details of your yet-to-billed amounts that can be viewed based on clients. Individual time entries and expenses to be billed are also viewable.