• Benefits
• Features

• Business Intelligence

Benefits

Examine how discounting erodes profitability

See the impact of discounting and discern how those decisions impact the firm’s profitability and overall performance. And you can extend the Redwood Business Intelligence profitability framework to your lawyers by giving them access to the Matter Planning application.  

Model alternative pricing and staffing scenarios

Create separate pricing and staffing scenarios using blended rates, fixed fee arrangements, discounting and staffing alternatives to see how the firm can continue to be profitable and win new business. With the growing competition for legal services and the pressure from corporate clients to control legal spending there is more pressure than ever today to come up with alternative pricing options to maintain your current book of business in a profitable way.

Use historical data to improve future performance

Leverage the functionality in the Redwood Matter Planning module to educate your lawyers on the business drivers that create profitable matters by evaluating how existing and on-going matters can be re-staffed and re-priced to meet the firm’s performance goals.

Create templates for recurring business

The Redwood Matter planning module allows firms to create templates for recurring matters that are staffed and priced the same way each time to maximize profit. A template can be created to be used as a benchmark for common types of matters.

• Benefits
• Features