BENCHMARKING LAW FIRMS' COSTS AND EFFICIENCIES

Benchmarking reviews address:

• Legal Billing Rates and Blended Rates
• Legal Billing Methodology
• Law Firm Staffing Policies
• Law Firm Efficiency
• Law Firm Management Style
• Complexity of the Matter

A benchmarking report that contains an analysis of these components gives a company the opportunity to:

• Encourage law firms to be more efficient than "average"
• Identify law firms and individuals in need of improvement
• Determine if legal expenses are "out of kilter"
• Create realistic legal budgets based on historical data
• Intelligently explore alternative legal fee arrangements