• Gain visibility into cost and profitability driversforcostmanagementandoptimization

• Generate accurate cost rates byleveragingdirectandindirectcost dataupdatedthroughouttheyear

• Make informed business decisionsusingpersona-based dashboardstailoredandfilteredforwhateachmanagerneeds

• Increase efficiencies and profitsbycalculatingprofitability analyticsbypractice,feeearner,client,andmatter

• Achieve profitability goalswiththehelpofsettingtargetsand measuringperformanceagainstthem

PROFITABILITY IS THE PERFECT TOOL FOR THE LAW FIRM THAT WANTS TO GROW IN TODAY’S HIGHLY COMPETITIVE LANDSCAPE

Profitabilty from Thomson Reuters

THE INSIGHTS YOU NEED TO PROFITABLY GROW YOUR BUSINESS Wherecanyourfirminvestforprofitablegrowth?Wherecanyouimproveefficiency?Howareyouperformingagainsttargets?ProfitabilityfromThomsonReutersbringstogethercostaccountingcapabilitieswithanalyticstohelpyouconfidentlypinpointtheanswerstotheseandotherpressingquestionsaboutcostmanagementandoptimization.

Analyze firm profit by practice group from the Firm Insights Dashboard.

THE INSIGHTS YOU NEED TO PROFITABLY GROW YOUR BUSINESS

PROFITABILITY FROM THOMSON REUTERS

To learn more about Profitability from Thomson Reuters, contact your account representative.

©2020ThomsonReutersTR765565US/7-20

INCREASE EFFICIENCIES AND PROFITSVisibilityintocostandprofitabilitydrivershelpsyouoptimizecostmanagementandcalculateprofitabilityanalyticsbypractice,feeearner,client,andmatter.

• Differentiateyourfirmfromthecompetitionandprovidesuperior customerservicewithaccurate,up-to-dateprofitabilitymetrics

• GaininsightsintotheefficiencyofAFAswithout-of-the-box profitabilityanalytics

• Utilizebuilt-inbestpracticesandastarterpackforcalculatingfee earnercostrates

GENERATE ACCURATE COST RATESProfitabilitypullscriticalcostaccountingdatafrom3Etogenerateaccuratecostratesinrealtime,leveragingdirectandindirectcostdata.

• Automaticallyallocateoverheadandindirectexpensesto practices,offices,titles,andworkingfeeearnersusingvariousspread methodologies,includingsquarefootage,headcount,weightedFTE, revenue,andmore

• Utilizeactual,budget,target,andwhat-ifassumptionsfor greateraccuracy

• Createcostratesforeachfeeearnerbasedonuniquecompensation plansandapplyexceptionstocertaintitlesorfeeearnerstoquickly pinpointimpacttoprofitability

• LeveragethefamiliarMicrosoft®Excel®interfacetoprovide transparencytojustifycostsanduncovernewopportunitiesforcost managementwithflexibility,control,andaccuracy

MAKE INFORMED BUSINESS DECISIONSThedatawarehousein3E®DataInsightsextractsdataoutof3EandMicrosoftPowerBI®toproviderich,persona-baseddashboardstailoredandfilteredforwhateachmanagerneeds.

• Budgetoractualcostratesbasedonworked,billed,andcollected dataprovidesaccrualandcashbasisprofitabilityanalytics

• Out-of-the-boxstockanalyticsalignwiththefirm’smanagement structuretoprovidethemwithprofitabilitydatapointsforthegroups, clients,matters,orfeeearnerstheymanage

• Easilycreateinteractivedatareportswithoutwritinganycodeusing PowerBIDesktopandthestockreportingmetricsprovidedoutof thebox

Analyze profitability by industry and practice group against firm targets. Consider rates and leverage by title to glean insights on profitability performance. Use the scatterplot graph to identify actions to move practice

groups toward the top right quadrant to maximize profitability.

Allocate overhead and indirect expenses to practices, offices, titles, and working fee earners using various spread methodologies.