With the Redwood Planning Application, you can:

Examine how discounting affects profitability

Model/compare Alternative Fee Arrangements side by side

Determine optimal staffing levels

Track actual vs. plan: Drive performance!

Use historical data to enhance future operations and cost certainty

Utilize flexible software that configures to your firm's business model

Experience no installation hassles
  
Benefit from data and analysis that refreshes automatically

Control data access through built in security features 

The 9th Annual Chief Legal Officer Survey (2009) shows more than 40 percent of CLOs require outside counsel to provide AFAs to help ensure legal cost certainty.  But what do fixed fees, blended rates, volume discounting, and other pricing arrangements do to your profit margins?Does one arrangement work better for your firm better than another?  Or does it very by matter — maybe even within a matter?

Now you can accurately predict the economics of staffing and pricing decisions by modeling prior performance on similar matters.

The Web-based Planning Application allows you to explore many pricing scenarios.  You don't have to be a pricing expert.  Just select a model and use the links to pull in staffing and pricing data — and discern the ultimate impact on profitability.  

And this is much more than a rudimentary spreadsheet.  Data is refreshed into the models nightly so scenarios stay timely.  You can compare AFAs side by side as you go.  Adjust performance on the fly through staffing and/or pricing changes.  Even plan by matter phrase, eg., discovery, pre-trial, summary judgment, etc.

The Planning Application models help drive performance as well.  Once client agreements are reached, go back to your models, add actual values, and track results.

Your successful models can be used for historical insights as you bid on more business for current clients.  Or turn to them as starting points when you vie for new business.  Just save various planning scenarios and templates for later use.