• Gain visibility into cost and profitability drivers for cost management and optimization

• Generate accurate cost rates by leveraging direct and indirect cost data updated throughout the year

• Make informed business decisions using persona-based dashboardstailoredandfilteredforwhateachmanagerneeds

• Increase efficiencies and profitsbycalculatingprofitability analytics by practice, fee earner, client, and matter

• Achieve profitability goalswiththehelpofsettingtargetsand measuring performance against them

3E PROFITABILITY IS THE PERFECT TOOL FOR THE LAW FIRM THAT WANTS TO GROW IN TODAY’S HIGHLY COMPETITIVE LANDSCAPE

Introducing3E ProfitabilityTHE INSIGHTS YOU NEED TO PROFITABLY GROW YOUR BUSINESS

Wherecanyourfirminvestforprofitablegrowth?Wherecanyouimproveefficiency?Howareyouperformingagainsttargets?3E®Profitabilitybringstogethercostaccountingcapabilitieswithanalyticstohelpyouconfidentlypinpointtheanswerstotheseandotherpressingquestionsaboutcostmanagement and optimization.

Analyze firm profit by practice group from the Firm Insights Dashboard.

3E PROFITABILITY

To learn more about 3E Profitability, contact your account representative or visit elite.com/3e-profitability.

© 2019 Thomson Reuters TR765565US/6-19

INCREASE EFFICIENCIES AND PROFITSVisibilityintocostandprofitabilitydrivershelpsyouoptimizecostmanagementandcalculateprofitabilityanalyticsbypractice,feeearner,client, and matter.

• Differentiateyourfirmfromthecompetitionandprovidesuperior customerservicewithaccurate,up-to-dateprofitabilitymetrics

• GaininsightsintotheefficiencyofAFAswithout-of-the-box profitabilityanalytics

• Utilize built-in best practices and a starter pack for calculating fee earner cost rates

GENERATE ACCURATE COST RATESProfitabilitypullscriticalcostaccountingdatafrom3Etogenerateaccurate cost rates in real time, leveraging direct and indirect cost data.

• Automaticallyallocateoverheadandindirectexpensesto practices,offices,titles,andworkingfeeearnersusingvariousspread methodologies,includingsquarefootage,headcount,weightedFTE, revenue, and more

• Utilizeactual,budget,target,andwhat-ifassumptionsfor greater accuracy

• Createcostratesforeachfeeearnerbasedonuniquecompensation plansandapplyexceptionstocertaintitlesorfeeearnerstoquickly pinpointimpacttoprofitability

• LeveragethefamiliarMicrosoft®Excel®interfacetoprovide transparencytojustifycostsanduncovernewopportunitiesforcost managementwithflexibility,control,andaccuracy

MAKE INFORMED BUSINESS DECISIONSThedatawarehousein3EDataInsightsextractsdataoutof3EandMicrosoftPowerBI®toproviderich,persona-baseddashboardstailoredandfilteredforwhateachmanagerneeds.

• Budgetoractualcostratesbasedonworked,billed,andcollected dataprovidesaccrualandcashbasisprofitabilityanalytics

• Out-of-the-boxstockanalyticsalignwiththefirm’smanagement structuretoprovidethemwithprofitabilitydatapointsforthegroups, clients, matters, or fee earners they manage

• Easilycreateinteractivedatareportswithoutwritinganycodeusing PowerBIDesktopandthestockreportingmetricsprovidedoutof thebox

Analyze profitability by industry and practice group against firm targets. Consider rates and leverage by title to glean insights on profitability performance.

Use the scatterplot graph to identify actions to move practice groups toward the top right quadrant to maximize profitability.

Allocate overhead and indirect expenses to practices, offices, titles, and working fee earners using various spread methodologies.