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Time & money

Analytics

The firm's own numbers, worked out rather than listed: utilisation, collections, profitability, concentration and spend.

Analytics answers one question per endpoint rather than returning a single payload, so each section is gated by the permission that already governs the data underneath it and a slow section does not hold up the rest of the page.

There are deliberately no analytics permissions of their own. A metric is an aggregate of rows, and somebody who may read every invoice may already add them up. A separate key would have been a lock on a door with no wall, and would have allowed opening the invoice list while being refused its total.

Utilisation

  • What share of each person's available time was billed
  • The denominator is time that person actually had available, not a flat week, so part-time staff and anyone on approved leave are not reported as idle
  • Scoped the same way the time entry list is, so nothing becomes visible by being summed

Money

  • Collections: where the money is and how long it has been there, aged from the due date so an invoice on sixty-day terms is not overdue on day thirty-one
  • Matter profitability: revenue billed against what the matter cost to run
  • Fee-earner time valued at monthly salary spread over the hours that person was available
  • Hours worked by somebody with no salary on file reported separately as uncosted, rather than silently valued at zero

Risk and spend

  • Client concentration: how much of the firm's billing rests on how few clients
  • Vendor spend by supplier, in the firm's base currency so a supplier invoicing in another currency is comparable
  • Dormant matters: files that have gone quiet, as distinct from files that are merely open
  • Consultation outcomes, so the firm can see what enquiries turn into

See analytics working on your own files.