Law firms that aren’t currently leveraging KPIs to measure progress are already behind. KPIs, or Key Performance Indicators, are benchmarks used to measure a department, firm, or practice group’s progress, efficiency, and effectiveness. In other words, it is a direct, tangible measure of a group’s performance. Law firms need them: Without an empirical way to measure progress, they simply cannot grow in a meaningful, organized and intentional way.
In this article, we will explain how law firms can and should use viable data sources (internal and external) to track their KPIs. We will also illustrate a few use cases on how to implement KPIs by relying on accurate, reliable court data, and share how firms that are not currently utilizing KPIs can start implementing data-driven decisions for meaningful growth.
Using Court Data to Set KPIs
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
