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Maconomy Legal Project Management

Maconomy Legal Project Management · 2016. 3. 29. · Maconomy Legal Project Management Proper budgeting, appropriate pricing. Scope, staff, and price legal matters using advanced

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Page 1: Maconomy Legal Project Management · 2016. 3. 29. · Maconomy Legal Project Management Proper budgeting, appropriate pricing. Scope, staff, and price legal matters using advanced

Maconomy LegalProject Management

Page 2: Maconomy Legal Project Management · 2016. 3. 29. · Maconomy Legal Project Management Proper budgeting, appropriate pricing. Scope, staff, and price legal matters using advanced

ALM Legal Intelligence reports

that as clients request alternative fee arrangements, law firms find, at a 2:1 ratio, that these new billing structures

are less profitable.

”“Speaking Different Languages: Alternative Fee Arrangements for Law Firms & Legal Departments,”

-ALM Legal Intelligence, April 2012

A Better Way to Manage Matters and Win BusinessIn today’s budget-constrained environment, clients want to spend less on legal services. They no longer accept arbitrary rate increases, and demand more pricing transparency. Open-ended hourly billing agreements are quickly becoming a model of the past. Law firms everywhere face stiff competition for a decreasing volume of legal matters – many of these under Alternative Fee Agreements (AFA) like contingencies, flat fees, holdbacks, or blended rates. To grow your business, you need to outpace competitors fighting for more business from the same pool of clients. Turn to Legal Project Management as a new approach to fuel growth and improve profitability.

Manage Every Matter ProfitablyManaging each matter independently was once okay for simple hourly billing -- but as hourly billing becomes increasingly rare in the face of AFA’s, you need a new, modern approach to win new business, delight clients and earn profits.

Achieving profitable AFA outcomes can be nearly impossible when your firm is operating in disconnected silos—with information being stored in various systems and locations. How can you provide your clients with the transparency they want, when you struggle to find the information you need? To successfully manage each matter, you need to connect your firm—giving everyone easy access to accurate data, and complete visibility into all of your firm’s engagements.

Bring your people, processes and information together with

Maconomy Legal Project Management.

Page 3: Maconomy Legal Project Management · 2016. 3. 29. · Maconomy Legal Project Management Proper budgeting, appropriate pricing. Scope, staff, and price legal matters using advanced

9Dots Management Corp, LLC1100 E. Hector Street, Ste 245

Conshohocken, PA 19428www.ixdots.com610.684.6220

Turn to Us for Better Pricing & Legal Project ManagementRely on 9Dots, long trusted for bringing decidedly different business intelligence strategies to the legal sector, and Deltek, the world’s leading provider of project management solutions for professional services firms, for a better approach to legal project management. Our combined expertise and technology brings your firm an unmatched approach for driving consistent profits from each matter your firm pursues.

Our Legal Project management solution provides tighter control over budgets and resource costs, easier monitoring of anticipated outcomes in key performance areas like profitability or leverage, and deeper analytical insight into results.

M

onito

r: Proacti

ve evaluation of key performance metrics

Measure: W

hat-if scenarios & historical analysis of re

sults

& root

cau

ses

Transparent AFA pricing for clients;confidence for your firmPrepare bids, identify resources, define phases

1. WIN

Tightly control people, matters and profitsMonitor progress and budgets across phases and tasks

3. MANAGEGuide accurate plansbased on past performanceand KPIs - Set Budgetsand targets - select resources

2. PLAN

Maconomy Legal Project Management

Proper budgeting, appropriate pricing. Scope, staff, and price legal matters using advanced project management capability.

Capture & share information. Easily capture data from management systems like Aderant or Elite. Collaborate with others– inside or outside your firm.

Monitor, measure, improve. On-demand dashboards showcase actual results against budget. Deep analytics expose the “why behind the what.”

Accurate Plans

Smarter Workflow

Deeper Knowledge

Completely Integrated Workflow

Outpace Your CompetitorsContact 9Dots to learn how you can win more business, delight clients and earn a profit. We’ll show you how to provide transparent AFA pricing for clients, guide accurate plans based on KPIs and profitably manage your matters.

Visit www.ixdots.comor call 610.684.6220