Recently, DFTech was asked to participate in a study to help provide insight into how law firms are currently leveraging the various concepts and metrics for firm profitability to help them run their business more effectively while continuing to provide a high level of value to their clients. The study, by Jim Hassett at LegalBizDev, was recently published under the title Client Value and Law Firm Profitability. Continue reading
Hi all – I am just returning from the LMA’s recent P3 Conference held in Chicago over the last two days. The event was excellent in every regard, with upwards of 300 colleagues in attendance. The theme was project management, pricing, and process improvement. The sessions were highly informative, and the networking opportunities were tremendous.
P3 attendees form a very strong and motivated social network. The mutual exchange of ideas and experience on topics such as matter profitability, gradually shifting the “old guard” culture away from the all-mighty billable hour, and non-traditional pricing strategies was extremely informative.
DFTech had a chance to discuss best practices in profitability analysis with a group of about 50 attendees. Each firm is unique in this, but virtually everyone wants to better understand what other firms do. With a little time and effort up-front to determine a firm’s requirements for revenue credit and cost allocations, including overhead and partner compensation, our clients can have ready access to profitability data via multiple tools and at any level in the firm. Our solutions allow our clients to tailor legal industry best practices to their needs, and to easily shine a light (brightly or dimly – your choice!) on key firm profitability metrics.
Thanks to the folks at LMA, and to all the attendees, for a great event.
Dan Whelan, GM, DFTech
Greetings current and potential Data Fusion clients, and welcome to our new website and blog. Since 1993, firms have relied on DFTech for custom solutions and Elite services. But today, our services and products have expanded to include the most comprehensive and easy-to-use analytics, budgeting, financial reporting, and matter planning & pricing tools available to the legal industry. My hope is that this site and blog will become a source of useful information for your firm. Please take this opportunity to browse our site, and to pass along any and all feedback.
If you are one of our clients, you know about DFTech’s long history of excellence in the legal industry. I want to assure you that this tradition remains the foundation of everything we do. Our people are dedicated to your success, and we will always keep our commitments to you and “make things right” when we are fortunate enough to win your business.
Through the changes at DFTech, we have emerged as strong and committed to success as ever. 2014 will see the release of several exciting new product initiatives, not to mention a renewed promise of excellence in customer service.
I wanted to take this opportunity thank you for your interest in and support of DFTech over the years. The loyalty of our clients means everything to us and we will do whatever it takes to earn and retain that loyalty. I look forward to working with you.
Dan Whelan, GM, DFTech