Increasing agility: With more competitors in the market than ever before, your firm needs to be able to respond to changing circumstances fast to launch new services, meet client expectations, improve profitability, and fully embrace new ways of working as you flex to adapt to changing client requirements and regulations.
Increasing visibility: To be agile, a firm needs a single source of easily-accessible real-time financial and resource data to track billing, keep reporting simple, and efficiently allocate fee-earner time in a way that maximizes both utilization and engagement and reduces duplication of effort – especially in complex projects like M&A transactions.
Decreasing admin overhead: With many firms still managing operations with a series of disjointed systems and spreadsheets, billable time is being lost – both to leakage and admin time – and project profitability suffers.
Finding and attracting the best talent: You need the best people, and you need them to be able to do their best work. This means maintaining a working environment that can attract the best people to your business – and the tools to help you identify what training and perks are needed to retain them.