Business Intelligence and Planning for Legal firms
The legal profession is facing increased regulatory changes, stronger competition, globalisation of legal markets, and more demand from clients in terms of cost and level of service. As a result, law firms are faced with the need to find ways to become more competitive and maximise the efficiency of their activities.
The Board Decision-Making Platform combines BI for law firms with comprehensive planning functionality and advanced analytics, enabling legal project management and legal practice management to be conducted with ease. By providing firms with access to all of their data in a centralized location, Board drives better, more-informed decision-making, based on a robust, reliable foundation.
Reporting and Business Intelligence functionality removes the need for time-consuming, manual data analysis, providing complete transparency of Partner and Fee-Earner utilization, the financial state of the firm, and WIP/Lock-Up days. Planning and Predictive Analytics functionality, linked to the same centralized dataset, enables law firms to see the impact of strategic decisions on the bottom line and clients to have greater visibility of the progress of their matter.
"For the first time in Addleshaw Goddard’s history, all Partners, fee earners and support staff have immediate access to the financial data needed to efficiently manage client matter, team and personal performance, via self-service dashboards tailored to role".
Ric Pizzuti, Head of Finance, Addleshaw Goddard
Board Key Advantages
- Board covers all of the analytical and planning requirements of Law Firms in one platform, integrating financial and operational data, including time recording, practice management, case management and workflow, CRM and marketing, HR, Risk management, documentation management etc.
- The flexibility of the underlying toolkit insures that the application can be fine-tuned to the particular requirements of each organisation
- Board's cutting edge technology seamlessly links processes across the business from budgeting to forecasting and planning, enabling law firms to speed up the close process
- The Board platform enables users across the business from senior partners, lawyers and clients, to track and analyse case and matter management for improved decision making at all levels