Legal Reporting & Analytics Software

Optimise legal budgets with advanced analytics

Leverage specialised legal reporting tools to track spending trends, manage costs, and improve budget forecasting for greater efficiency

Advanced analytics dashboard

  • Comprehensive insights: Access key data on matter status, spend and firms, with benchmarks to compare against other legal departments.
  • Customisable sharing: Create and manage dashboards for limited sharing or company-wide, enhancing collaboration across various business groups.
  • Advanced visualisations: Next-gen dashboards offer customisable visuals, transforming complex data into clear, graphical representations for faster interpretations.

Report generator & scheduler

  • Customisable reporting: Report Generator allows customisation of some pre-configured reports and creation of flexible, updateable reports with options to modify fields, layouts and export formats. It provides flexibility in financial assessments.
  • Automated scheduling: Report Scheduler enables automatic report generation and distribution via email of Secure File Transfer Protocol (SFTP) to designated recipients or secure server locations.


 

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Drive strategic planning and ensure effective legal financial reporting. Unlock powerful insights into your legal financials with advanced reporting tools today.


 

Legal financial reporting

  • Financial summaries: Run real-time reports for detailed insights into unbilled time, pending invoices and overall financial health of legal department operations,helping track accruals, spend and budget.
  • Performance evaluation: Assess resolved matters and outside counsel performance, supporting evaluation and decision-making.
  • Trend analysis: Identify data trends and patterns in spending and budgeting, aiding strategic planning and trend forecasting.

Frequently asked questions

How do legal reporting and analytics benefit corporate legal teams?

Legal reporting and analytics provide corporate legal teams with valuable insights into their operations, such as tracking legal spend, identifying trends across matter types, and monitoring the performance of outside counsel. These insights help legal teams make data-driven decisions to improve overall departmental efficiency.
What are some metrics corporate legal teams should track through legal reporting?

Corporate legal teams should track metrics such as total legal spend, cost per matter, timekeeper rates, and compliance with billing guidelines. Additionally, evaluations of outside counsel related to matter outcomes, responsiveness, and the effectiveness of alternative fee arrangements (AFAs) are crucial for comprehensive legal analysis. These reports inform decisions about future engagements, allowing legal teams to build stronger, more cost-efficient relationships with outside counsel.
How do Legal Tracker’s advanced analytics dashboards stand out from others?

Legal Tracker’s advanced analytics dashboards leverage Microsoft’s Power BI technology to deliver real-time, customisable data visualisations that provide valuable insights into key aspects of the business. Key features include:

  • The GC Dashboard: A pre-configured dashboard offering data on invoices, matters, and expenses.
  • Firm Dashboards: These offer a comprehensive view of a law firm’s performance, accessible directly from the firm’s profile.
  • Custom Dashboards: Users can create tailored dashboards using the Next-Generation Dashboard Editor, a feature powered by Microsoft’s Power BI, which is seamlessly integrated into Legal Tracker. This allows authorised users to build personalised data visualisations to meet their specific needs.