LawRD ppt Eng

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Which are my most profitable clients? How much time did I input on a client’s matter? What is the revenue of each matter? What was the input of each lawyer on a particular matter? What is the revenue that each team member represents for the whole company? What is that client’s share on the total company billing?

Transcript of LawRD ppt Eng

Page 1: LawRD ppt Eng

Which are my mostprofitable clients?

How much time did I input on a client’s matter?

What is the revenue of each matter?

What was the input of each lawyer on aparticular matter?

What is the revenue that eachteam member represents forthe whole company?

What is that client’sshare on the total company billing?

Page 2: LawRD ppt Eng

01. USERSNew users can be added to LawRD at any time.You just need the email address of the employee to be granted access.

That employee will then get an invitation by email and in order to start right away he/she only needs to click on a link and choose a password.

The level of data access of such a user is determined by the system administrator(s) of the LawRD account who manage(s) the profiles of all other users.

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02. CLIENTSLawRD enables the management of all your contacts information in a single spot. Add clients, either individual or companies.

Complete the information on each client by identifying its rainmaker, the established hourly rate and data concerning retainers.

Relate it to other contacts so they too become part of each client's record.

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03. MATTERSFor each matter, a manager and a team of lawyers to work on it are chosen. From then on, they can start to assign and perform tasks, as well as reporting the time and expenses spent.

Then, the manager can check the tasks and approve the time spent and reported by the matter’s team, along with their expenses.

Task planning and assignment allow making the most out of the application and so enhancing the alert system and reports automatically created by LawRD.

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04. TIMESHEETThis is a core module wherein users log the time spent on tasks to be approved by the matter's manager, thus enabling thorough billing sheets.

Time management thus gets under control through an approval workflow that allows changes, creating notes and editing corrections to be included in billing sheets.

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05. BILLINGWhen the timesheets get approved, its tasks can be added to billing sheets that will be added as appendixes to invoices issued to clients.

You can pick the tasks to be included in billing sheets or just set a maximum amount. LawRDwill set automatically the tasks that add up to such an amount.

To face the real needs of law firms, times and amounts can be modified and additional taxes can be added. This grants flexibility and the possibility for adjustments.

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The processing of data gathered throughout the workflow leads to the output of automatic reports and graphs organized in “entities” and tables that can be exported into Excel (and others).

LawRD works with five main entities: clients, matters, matter managers, rainmakers and lawyers. With these entities, performance assessment and management control reports of your firm are generated.

For each entity you can sort indicators: times, values (cash flow), profitability and productivity. Reports can also be filtered by time spans and other options available on LawRD.

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Which are my most profitable clients?

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How much have I worked for this client?

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How much do I make in each client?

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What’s the contribution of each lawyer in a given m atter?

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What’s the profit share of each lawyer?

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What’s the turnover share for each client?

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