Business intelligence (BI) in law firms ranges wildly, from traditional spreadsheet management to self-service dashboards providing instant real-time access to key performance indicators (KPIs). As the adage goes, “what gets tracked gets done”, and law firms vary significantly in their techniques and strategies for gathering BI-related metrics. Above the Law, however, wants to understand how your firm is approaching BI in today’s digital age.
Is “Bob has a spreadsheet” the extent of your firm’s answer to most BI queries? Or does your firm employ a more modern solution, with efficient dashboards that serve well-curated KPIs? The approach and tools a law firm uses can significantly impact its efficiency and efficacy.
With a focus on benchmarking this key area in the legal industry, Above the Law has launched a brief and anonymous survey addressing this very topic. Gathering this collective intelligence can paint a clearer picture of industry practices and perhaps offer insights into potential areas of improvement for firms struggling to harness the power of their BI.
The survey is a means to understand both the areas in which law firms are succeeding in their BI practice, as well as identifying any potential gaps or areas for improvement. It’s an opportunity to candidly assess your firm’s BI system, whether it’s a “Frankensystem” pieced together from an amalgamation of tools and processes or an optimized, streamlined solution.
Contributing to the survey doesn’t just offer the chance to reflect on your own firm’s practice, but also to influence wider industry understanding. Plus, participants can also stand a chance to win a $250 gift card, adding a sweetener to contributing towards this industry thoroughfare.
Participation link is available here.
This initiative will not only help to benchmark a critical aspect of the legal industry but also encourage an industry-wide conversation about the direction of BI practices in law firms. As the legal profession grows and evolves in the digital era, understanding and improving these systems is crucial to keep pace and remain competitive.