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Legal Services

Closing the performance management loop

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The Legal sector continues to be buffeted with market changes, with everything from market consolidation, Royal Commissions, market uncertainty and disruptive entrants.

Old norms are being questioned, new engagement approaches are being trialled and clients are demanding greater fee flexibility.

All this is increasing the need to be able to be more agile and accurate with your planning. The days of undertaking a six month long planning process are long gone. The ability to deliver effective long range planning scenarios quickly could be the difference between making the correct investment decision or not being ready for the market shift.

Enter Cornerstone’s PracticePlanner solution.

PracticePlanner is designed specifically to drive Performance Management throughout the legal industry by enabling:

Partner and Client Profitability

including a range of methods for cost allocations.

Revenue Planning

by setting utilisation and fee-earner assumptions.

Cost Budget

setting cost targets for shared services operations.

Strategic Initiatives

like adding new practice areas and offices.

‘What If’ Scenarios

analysing profitability across a number of different assumptions.

Reporting

quickly deliver operational, management and board reports.

Cornerstone is currently engaged with a number of leading law firms – call us today to discuss how the PracticePlanner solution can power your Performance Management journey.