LegalXGen- Analytic Reports 

Data analytics enables companies and organizations to easily examine large amounts of information to find patterns and correlations previously inaccessible. In business, it is used to determine how to improve products, cut costs, and increase efficiency, up until recently, those in the legal field have been largely under utilizing the technology. When applied to law firms, analytics can be used to improve client intake, increase the firm’s efficiency, and identify silos. How is this possible? How can simply collecting and analyzing data affect your law firm’s fees and revenue?

Few important steps to work crisp analytics are

• Figure out what the question to be answered is,
  
• Gather relevant data,
  
• Clean and structure that data,
  
• Run analysis and test hypotheses,
  
• Make a decision.

LegalXGen Helps you capture and store all the necessary date for your law practice. Also the structure of date is clean and free from redundancy or duplicate. Further, it facilitates the generation of over 27 analytical reports in graphical as well as numerical format. The reports so generated from LegalXGen, facilitates insight for decision making and addressing growth hackers.

Some of the Benefits of LegalXGen analytics are:

• Inquiry Conversion Report– Use predictive analytics to track and respond to consumer behavior.
• Client profitability and and Industry vs Matters Reports– Make more accurate judgement on cases before they start.
• Conflict check Report– Spot correlations between client behaviors to alert you to potential issues.
• Associate profitability and Time Sheet Reports– Increase profitability across your firm
• Associate Productivity and Associate Load Reports– Increase productivity by understanding lawyer behaviour
• Industry Vs Clients– Know where you win customers from
• Invoice Aging Report– Helps you check overdue invoices and make follow up on them.

It is a must try for the lawyers keen on scaling up their practice. Also it comes free for a month, so get on to LegalXGen website and sign up for your free account.