Skip to content
Two young businesswomen having a meeting in the office sitting at a desk having a discussion with focus to a young woman wearing glasses

Stronger BI and Financial Analytics for Law Firms

Fulfill your desire for business insight and growing need for reporting and analysis.

 

Convert your firm’s assets into cash

Catalyst BI Law Firm Solutions, built using the advanced data management and analytics platform from Qlik, include totally customisable performance management dashboards that provide the ability to analyse key KPIs, including Lock-up (WIP and Debt), Utilisation, Time Recorded, Billing and Realisation.

Take this a step further and delve into client and matter profitability, sector performance, business development and human resources analysis and see the difference this makes to your bottom line.

Why Do Law Firms Need Data Analytics?

  • Target your desired client base more effectively
  • Create content pertaining to the practice areas
  • Identify patterns and trends conducive to the growth of the law firm
  • Manage the practice’s profitability by getting relevant and real-time insights
  • Understand your profitable referral sources and improve the leads for your legal practice
  • Increase business profitability and lower costs despite rate pressure
  • Target ideal and profitable clients on social media and market to them effectively

 

Case Study

Complex client reporting, automated delivery of financial and statistical analysis.

roythornes-sm

Following the success of Roythornes initial financial dashboards it wanted to extend QlikView to fulfil a wider-variety of requirements including complex client reporting and automated delivery of financial and statistical analysis.

The Qlik Business Discovery platform – a rich set of dashboards that use business discovery technology to analyse business information and communicate key performance indicators across the firm on the management of financials, business development, risk and compliance and customer retention.

 

"Qlik has dramatically improved the quality of our management information and has made us much more proactive in the monitoring of our performance, so it was a natural progression for us to expand Qlik into other areas of our business."

"As Catalyst has substantial Qlik product knowledge and an expert grasp of the legal industry we were more than happy to work with them again on these new projects.”

Jonathan Swan | Operations and IT Director

Continue Reading >

Qlik-AMP-Download

MAXIMISING THE IMPACT - DAC BEACHCROFT'S DATA STRATEGY

See how, leaders in client service, DAC Beachcroft are leveraging their data and driving a data-literate culture to offer their clients new and enhanced services, enhancing their reputation and working smarter.

WATCH NOW
Case Study

Shepherd and Wedderburn improves management information and business insight with Qlik

Shepherd-and-Wedderburn-sm

Shepherd and Wedderburn delivers specialist legal advice to commercial, public sector and private clients throughout the UK and overseas from its offices in Edinburgh, Glasgow, London and Aberdeen. With the firm’s focus on service delivery and responsiveness the availability of accurate and up-to-date information across the business is vital.

Shepherd & Wedderburn wanted to consolidate its collection of reports into one document and create more interaction between finance and other departments. It also wanted to make financial reporting easier to understand and more specific to the audience’s needs.

 

"When Catalyst demonstrated Qlik Sense we were immediately impressed by its features and the multiple ways in which information could be displayed through its dashboards. In particular, I had a relentless focus on ensuring it was easy and intuitive to use and the Qlik Sense product allowed us to tailor it to our needs”

"The reporting capabilities of Qlik Sensehave enabled us to analyse things we had not even thought about doing before and it is now essential to our business”

Keith Wilson| Finance Director

Continue Reading >

 

Embrace Data Analytics in your Law Firm

IMPACT AREAS

4 areas that our legal customers benefit from:

  • Financial Performance: Improve productivity and monitoring
  • Financial Risk: Be alerted to client risk scenarios
  • Sales: Asses and keep track of customer scenarios and activity
  • HR: Monitor workforce, talent management and recruitment
TOUCH
WIP
WIP

Visibility around up-to-data WIP is a real problem. Get a full, current and accurate picture with WIP analytics.

TOUCH
Top performers
Top performers

Incentivise, reward and identify best practice with a clear top dashboard performers dashboard which is current and definable by a complete range of metrics.

TOUCH
Outstanding Debt
Outstanding Debt

In a fast-moving environment it is easy to fall behind with the most pertinent outstanding debts. Have a clear picture of amounts, duration and client trends to minimise risk and improve cashflow.

TOUCH
Risk Management (COFA)
Risk Management (COFA)

Provide the COFA and fee earners with a single version of the data required to manage the risk that is inherent in all legal practices.

TOUCH
Matter Billing
Matter Billing

Cut through the complexities associated with matter billing. Tie in client-payments, retainers and billing smartly and have a clear view of where you stand.

TOUCH
Realisation Rates
Realisation Rates

Close the realisation rate gap with greater insight into the causes and trends with the discrepancy.

TOUCH
Client Dashboard
Client Dashboard

Provide your clients access to a client-centric dashboard that takes away the need for a different reporting template for each customer.

TOUCH
Predictive Capability
Predictive Capability

Through Qlik and DataRobot, predict the probability a use case will result in court proceedings, medical negligence and its payout brackets.

TOUCH
Relationship Activity
Relationship Activity

Monitor the engagement levels of your sales teams and identify the most effective use of relationship development time. 

TOUCH
Recruitment
Recruitment

Monitor the success of your recruitment campaigns and link it to performance and retention.

TOUCH
Staff Turnover
Staff Turnover

Have a clear view of common trends, warning signs and red flags that indicate a higher risk of turnover to enable smart action to minimise turnover. 

TOUCH
Absence
Absence

Generate a clear picture of staff absence, linked into overall performance and be able to identify any other behaviour identifiers, as well as being able to clearly see problem patterns.

 

 

Schedule a Meeting

Get in Touch Today!

Schedule a meeting with Barry Talbot today and see how together you can transform your firm to offer quality service to your clients and improve business performance.