Many law firms are using spreadsheets as a way to analyze performance data. Let’s say that your firm does what the average firm does – you have a team of 4-5 people who analyze data on a spreadsheet. Those five people spend an average of an hour per week updating the spreadsheets. That’s five hours of work per week and 20 hours per month. Assuming your people cost $50 per hour (once benefits are figured in), you are looking at $1000 per month spent solely on updating spreadsheets – and that doesn’t even figure in the cost of analyzing them.
Additionally, issues come up within the use and updating of spreadsheets on a team. According to recent research, 64% of law firms report that the use of spreadsheets results in the following issues:
1. Prioritization with tasks
2. Missing information (multiple people updating a spreadsheet that may or may not be based on updated information)
3. Unrealistic and unattained project goals
Wouldn’t it be nice if there were an easy to use reporting platform that would instantly sync with your current practice management software to help solve this problem?
We thought so, too. That’s why we created FirmTRAK.
FirmTRAK will sit on top of your current practice management system to automate reporting and analysis of key performance indicators that will help drive the success and growth of your law firm. No more spreadsheets to analyze using a team of people. The information is instantly configured and available at your fingertips.
You went to law school to follow your passion for helping people with their legal needs, not to become a software engineer. That’s where we come in.
To see how simple it is for us to help your law firm, please check out this short video: