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Full-Service Firms

TOTAL PRACTICE SOLUTIONS

Client Development

Some measures are helpful in validating what we know; others forcing us to question our operations.

John Gerhard, Exec. Director Nixon Peabody
 

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Lexis® Firm Insight

Competitive intelligence, specifically peer group benchmarking, has been growing in importance as law firms increasingly adopt traditional business practices to improve performance. Lexis Firm Insight provides your firm with key performance business metrics and best practice comparisons. The information is brought to your desktop for up-to-the-minute comparisons.

Benefits

Evaluate your business goals by analyzing how other law firms similar to yours are performing. Lexis Firm Insight gives you competitive knowledge to help you establish strong law firm business development and gain an edge over your competition.
Methodology

Lexis Firm Insight believes that several attributes are critical to the usability of benchmarking statistics. The data must be timely, relevant, reliable, and comparable.

Standardization

Lexis Firm Insight approach is using Redwood Analytics methodology which is grounded in the standardization of the data and calculations necessary to make “apples-to-apples” comparison used in the BI Companion.

Normalization

Data can be pulled from all major law firm billing systems. Regardless of the source system, Redwood normalizes the billing, collection, and other data, thus significantly reducing system-related data discrepancies in the averages.

How can we help your firm? For more information about our solutions for law firms:

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Call 856-231-8989 or email us now