Within Practice Pro, you will find a section called Business Intelligence, which provides access to a series of reports and tools powered by Legal Insights.
These give firm leadership a way to view current market data and analyze trends across the legal industry.
So in addition to the standard reports included in Practice Pro, you'll have access to reports and tools from Legal Insights.
To access these reports, select Business Intelligence from the left hand menu.
From here, you can choose one of the five reports you'd like to view and you will be redirected to the Legal Insights website where you can explore the data further.
Benchmarking Report
The benchmarking report provides firms with immediate insights into how they measure up against competitors.
You're able to select a cohort of firms to view detailed graphs tracking changes over the past 12 months, covering key metrics such as attorney headcount and demographics, firm growth and decline, stability, path to partnership, office locations, and financials.
Current Market Report
The Current Market Report helps your law firm leadership get an overview of the entire market in areas that matter to your firm.
It allows you to view current headcount data across the market with options to filter and segment the information. With many ways to analyze the data, you'll gain the insights you need to drive strategic decision making
Current Firm Report
The current firm report helps you to understand the demographics and makeup of a specific firm. This platform allows you to generate a precise and comprehensive report.
Competitor Match Tool
The Competitor Match Tool provides visual charts and predictive analytics that enable law firms to better understand who their competition is as they look to both develop and retain clients, grow practice areas and industry focus, as well as expansion of offices.
Prowess
Prowess is a platform where corporations evaluate and manage law firms.
Firms can upload their own data here to be visible to organizations seeking legal counsel.
This advanced search feature provides a competitive edge by allowing you to easily highlight your billing rates, alternative fee arrangements, and add a biography providing A comprehensive overview of your firm's expertise.
The Business Intelligence section provides an easy way to access reliable, up to date information about your firm and the broader legal market, all from within your Practice Pro platform.
