Intellistat Profitability with Allocations calculates and analyzes profitability by allocating labor costs and overhead for any level (firm, practice, office, client, matter, partner, or timekeeper) depending on what makes sense for your firm. It eliminates distrust of confusing systems, bringing awareness and guide behaviors to promote profitability.
The reporting is performed at the "Component Level" meanting that you can view profitability at any level:
- Practice Group
- Working Lawyer
- Billing/Supervising/Originating Lawyer
In addition, you can associate the cost to any measurement of revenue (fees worked, fees billed an fees collected) which allows you to properly associate the cost to the revenue regardless of where it is in the "Cash Cycle"
Supported Thomson Reuters products