Benefits for Partners

• Fully appreciate the financial position of the legal business
• Making sound analysis and rational business decision with the assistance of meaningful financial reports such as Balance Sheet, Profit & Loss Statement and productivity reports
• With the best use of comprehensive online query and reporting functions, the partners are able to:
• analyse department and solicitors’ performance in terms of solicitor fees, receipts and billing contribution
• perform cost centre analysis, e.g. solicitor time versus fee billed
• understand the profitability of the firm and the areas of contribution
• visualise debtor ageing that may affect firm’s cash flow especially after implementation of GST
• understand case statistics of the firm, e.g. number of cases handle by a specific solicitor and their case category distribution
• appreciate the clients’ financial status with the firm, in terms of their ranking in fees, billings and collections for customer relationship management