Applied to Legal services
Legal services
Cost out
Software fees and repeat manual work replaced by tools the company owns, so it grows without adding people.
- Matter reports on budget versus actual, from the billing system
- Matter updates drafted from incoming email
Revenue up
Faster proposals, prices that protect margin, and early warning on clients at risk of leaving.
- Matters heading for a write-down flagged before the bill goes out
- Unbilled hours and extra work on fixed-fee matters flagged
- Pitches and panel bids drafted from the firm's past matters
Decision quality
The judgment of senior people built into forecasts and alerts, so leaders decide from live numbers.
- Fixed fees and discounts priced above a set margin
- Revenue forecast by practice group on the firm's plan
Enterprise value
The profit these tools add, put in numbers a board or a buyer can check.
- EBITDA by practice group
- A board summary of margin by practice group