Is your firm drowning in dozens of financial reports looking for the key to profitability? How well are attorneys performing when compared to projections? What members of the firm are generating the most new business and what areas does it fall into? What types of clients, practice areas, or fee arrangements are most profitable for your firm?
With BIPro’s Billing Profile the color-coded charts for Work In Progress (WIP) and Billing Vs. Projection give an instant read on revenue. The trend lines for each area give a constant visualization of results over time. Users can group WIP results by Client, Assigned Professional or Age allowing them to identify client contribution to revenue by attorney as well as recognize unbilled time.
Billing vs. Projection displays revenue results compared with projections for the firm as a whole, or with restricted permissions, it can display this information for just a specific billable professional. This is an invaluable tool for establishing guidelines for productivity at every level of the firm.
The BIPro Line of Business Profile and the Client Distribution not only show revenue generation by Area of Law but allows the user to drill down into each practice area to view a distribution of revenue by client. Again, the allocation of resources and identifying trends in growth by practice area is key to making sure firm goals are being met.