The only way for a firm to simultaneously sustain its profitability and build its client relationships is to comprehensively understand its costs in the delivery of services. Umbria delivers on this mandate.
Philadelphia, PA (PRWEB) March 15, 2016
Prosperoware, a leading enterprise software company delivering innovative technology that connects the business with the practice of legal and professional services, today announces it will present a comprehensive webinar series designed to help firms better understand the economics of their engagements, predictably price the delivery of legal services, ensure the profitability of matters, and build client relationships—and, therefore, increase market share.
Join Ben Weinberger, VP of Solutions, and Tina Harkin, Sales and Implementation Consultant, on Tuesday March 29th at 11 am ET to kick off this complete, Umbria webinar series with, “Fee Predictability Through Data-driven Practice Management.”
Fee predictability requires a data-driven culture to facilitate metrics-driven fee estimates and provide greater visibility into KPIs such as margin. This approach supports better decision-making on how to staff matters to deliver more value to clients while still generating an appropriate profit for the firm.
Data-driven practice management is a necessity in today’s legal market: only if firms truly understand their cost structures and resourcing options through data first, metrics-driven decision making can they provide clear information to their clients. By understanding their own internal economics and the economics of the supply chain, law firms can ensure delivery of an optimal mix of resources to their clients – cost effectively, transparently, and profitably.
Umbria’s BI and matter management platform is the core infrastructure which unites law firm leadership and attorneys with their business development, pricing, finance, and human resources teams—delivering the data-driven decision making which enables the firm to repeatedly and predictably price the delivery of legal services.
Ben Weinberger comments, “The new holy grail of client service is pricing predictability; the only way for a firm to simultaneously sustain its profitability and build its client relationships is to comprehensively understand its costs in the delivery of services. Umbria delivers the only core technology that can truly deliver on this mandate, and we’re looking forward to engaging attendees on this vital topic as well as demonstrating the technology that drives it.”
Register here for the March 29th live broadcast of “Fee Predictability Through Data-driven Practice Management.” And mark your calendars now for our other upcoming webinars in the Umbria series; all live broadcasts begin at 10am Central /11am Eastern/4pm GMT:
- April 26: Working with non-standard fee arrangements, profitably
- May 24: The key to sustainable profits: operational efficiency
- June 9: Hungry for financial information to price your services competitively?
- July 19: How to price legal services to build client relationships
To learn more about Umbria, click here.
Prosperoware is an enterprise software company focused on law firms, corporate legal departments, and professional services firms. Our customers include half of the G20 and AmLaw 100 firms as well as large global corporations and Big Four accounting firms. Our innovative software transforms how professionals work and enables firms to deliver more value to clients while protecting profitability. We empower firms to reduce costs, improve profitability, and better compete by:
- Improving relationships with clients by delivering predictable fees and beneficial insight into work performed
- Empowering professionals to price and budget while leveraging modern profitability metrics
- Evolving to a “need to know” security model without impacting workflow
- Simplifying iManage administration and improving user adoption of electronic files
Our teams work primarily from offices in London, Chicago, and Philadelphia. Our 270+ customers range in size from small firms with just a handful of users to those with more than 14,000.
Prosperoware customers include: Akin Gump, Goodwin Procter, Baker Botts, Hill Dickinson, Berwin Leighton Paisner, DLA Piper, Duane Morris, Hughes Hubbard & Reed, Sheppard Mullin, Comcast, and NBCUniversal.