Tracking your firm's performance is an important aspect of operating your business, and it may have a big impact on your revenue and, more importantly, on meeting your firm's objectives. However, in order to succeed in today changing economic climate, you must be at the forefront and use measurement tools such as KPIs. You'll be better equipped to make excellent, solid business decisions in operating your practice if you customize which KPIs are ideal for your Law Firm.
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Here are some law firm KPIs to consider when it comes to productivity:
While law firm KPIs can help you assess the success of your practice, you may also need to keep track the performance of individual contributors. Whether for oneself or for your law firm’s colleagues these individuals KPI’s performance might include tracking such as: