Bridgesphere-JaneMeet Jane, a legal administrator at a medium sized law firm.  Jane recently discovered that she could improve her firm’s revenue by 10%.

The best part?  No software to learn, and it took her only 2 hours per week to deliver her firm’s partners the action-items that improved revenue by over $1.5 million.

How did she do it?

Jane simply used the custom reporting and expert guidance delivered by Bridgesphere.

Here are the three areas she focused on:

 

HiRes.jpgFinding “lost” revenues in a sea of billing data. Using Bridgesphere’s reporting & expert guidance, Jane realized there were billing inefficiencies that resulted in lost revenue.  For some attorneys, this amounted to over $50,000 per year.

 

HiRes.jpg-1Improving the profitability of alternative fee arrangements. Jane’s firm also had challenges pricing and managing alternative fee arrangements. Bridgesphere took a lot of the guesswork out of AFA’s.  Within six months, flat-fee revenue and profit were significantly ahead of last year.

 

ClockImproving utilization & reducing write-downs. Jane found that additional improvement could be made when financial models were applied to the billing data of the firm’s lawyers and paralegals. An extra 10% in billing productivity could improve the revenue of each lawyer and paralegal up to $50,000 per year.

Jane used Bridgesphere. 

  • She didn’t need to learn new software.
  • She didn’t have to learn a thing about financial modeling.
  • She simply used Bridgesphere’s custom reports & expert guidance to provide her firm’s lawyers with a succinct set of action-items that improved revenues by $1.5 million.

Be a Jane.  Be a Hero.  Learn How.

Boost profit & growth with Business Performance Planning

Click to learn more!

Explore

Law Firm Consulting

Click here to learn more about law firm consulting & read a collection of our recent case studies

Schedule your free consultation

or call (888) 995-0818 to learn more!

Schedule
Share This
Christopher Catapano, Bridgesphere Strategic Planning

Like what you're reading?

Join our newsletter to receive our latest research & insights!

You have Successfully Subscribed!