Get started
lawanalytix

Derive meaningful Business Insights from All your data sources

LawAnalytix operates on an ETL (Extract, Transform, Load) model, seamlessly integrating with your case management software including WakiliCMS, EliteLaw, Clio, Rocket Matter, PracticePanther, Bill4Time, and MerusCase. It extracts essential data at intervals you configure (daily, weekly, or monthly), then transforms this raw data into an optimized format for analysis. Finally, the processed data is loaded into our system, where it's presented through pre-built dashboards and reports, providing you with clear, actionable insights into your law firm's performance.

AUTOMATED DATA ANALYSIS

Benefits of LawAnalytix

Experience tangible financial and operations Benefits of using LawAnalytix

Eliminate manual reporting

lawanalytix

LawAnalytix automates data analysis for law firms, integrating with popular case management systems to provide real-time insights without manual effort. By transforming raw data into easy-to-understand dashboards and reports, it empowers firms to make data-driven decisions on financial performance, case progress, and productivity. This cloud-based solution allows legal professionals to focus on serving clients while effortlessly staying informed about their practice's key metrics.

Centralized information

lawanalytix

LawAnalytix gives you all the analysis of the collected data in a single dashboard. No more forgotten records. LawAnalytix uses high performing APIs to pull information from all your sources in realtime, builds a true image of your organisation and presents in a single dashboard. You can customize the dashboard to report only on the indicators that are of interest to your firm.

Predict future trends

lawanalytix

Future trends can be predicted based on the company performance. With current company data and historical performance of the firm, prediction can be made. LawAnalytix accurately predicts what will happen and suggestions the best actions to be taken for maximum outcome.

The best Business Intelligence tool for Law Firms

Client Management

Effective in the analysis of clients and their related data. the clients growth and predictive growth analysis, client retention, client originations and client to file ratios are all analysed in this category. They give a firm a clear understanding on how their client base is doing.

  • As the clients increase over the time, the higher the need to check on the rates in which they are increasing. With the client growth rate we can be able to predict the expected clients in the foreseeable future. Informed decisons based on the rates can be made for the betterment of the firm.

  • The ratio illustrates cross-selling success and indicate that the firm is doing a good job at fostering the relationship.

client management

Practice Management

The firm performance can be analysed in terms of the pracice areas. Observing and analysing practice areas gives the firm an opportunity to review the current performance in order to plan the firm's future.

  • Smart decisions can be deduced from the file growth, the report gives the firm's success in service provision.

  • The report measures the difference of what you record as time and what percentage of that time is paid by the client. The goal of any law firm is to have a 100% billing realization rate.

  • The number of billable hours worked divided by the number of unbillable hours in a given month for each Full-Time Equivalent timekeeper (FTE). Analyzing utilization rate can help keep attorneys billable and reduce unbillable tasks by delegating to admin staff.

client management

Expenses Management

With the high pressure to minimize costs of the legal services, improvements and changes to the firm's cost structure and accountability is key.

  • An expense comparative report shows the effect of business decisons on the company's bottom-line. With expenditure trends the firm can identify the sectors that require more emphasis and those that require less.

  • A more emphasis on the firm expenditure drilled down to a per-lawyer basis. Knowing the expenditure per an attorney can be used to help the firm define appropriate ways to invest in for their betterment.

  • it is very vital to have an accurate staffing ratio. Balances between the number of employees and the strain on the resouces can be achieved by proper analysis of the staffing ratio.

client management

Advocate Management

In today's age clients demand more than just billable hours as the pricing model, it is therefore necessary for a firm to get an alternative pricing method or fee arrangements. This has driven to the need of acquiring an accurate performance of a partner.

  • The measure of attorneys as part of the general timekeeper profitaility and productivity help in achieving the value of a firm's actual profitability.

  • The report gives a measure of an attorney's productivity. Knowing the attorney billables and comparing with the billed amounts can be used to measure the performance of an attorney and the firm in general.

client management

Partners Management

In today's legal world, there is an increased need for better metrics for the management of law firm business. 'Profits per Partner' has been the traditional measure of a firm's performance, Full-Time Equivalent (FTE) measure is also required to allocate revenue and profits.

  • Profit per partner has always been the single most important statistic in evaluating law firms performance and thus arriving at an accurate firm profit can help the firm reflect on their PPP.

  • PPEP is a usefuls report in measuring the firm's performance. As there are many other metrics for firm performance PPEP still maintains as the “headline figure”. Firm ranking has always been achieved by taking the profits per Equity Partner as a factor.

  • The report gives the total revenue collected in a year and an average collection per Partner.

client management

Balance Sheet and Risk

To asses the financial state of the firm as per its capital structure we require balance sheet metrics. This metrics include, debt to equity ratio, capital per partner, debt to net fixed asset ratio.

  • This is a good metric for ranking law firms. Think about it. If you needed a quick method to assess the financial health of 100 law firms, using PPP partially removes size from your analysis and will bring you closer to identifying firms that are doing well, and those that are not.

  • Calculated by dividing a company's total liabilities by its shareholder equity. This ratio reflects the ability of shareholder equity to cover all outstanding debts in the event of a business downturn.

  • This is a leverage ratio that measures the amount of total assets that are financed by creditors instead of investors. In other words, it shows what percentage of assets is funded by borrowing compared with the percentage of resources that are funded by the investors.

client management

Management and Leadership

There is an increased need for real change and improvement in the management of a law firm which has necessitated the requirements for a sophisticated and informed methods at managing human capital.

  • Revenue growth illustrates the increases and decreases over time identifying trends in the firm.

  • The percentage of workers who leave an organization and are replaced by new employees. It is important to the partners and employers who want to examine the reasons for turnover or estimate the hiring cost for budgeting purposes.

client management

Integrates with

WakiliCMS Elitelaw RocketMatter Bill4Time Clio Meruscase PracticePanther

Get started today

Start getting profitable insights from your data without a hustle

Get started Book a demo