Financial Benchmarking Scorecard.
Understand your firm's financial performance...
Measure your firm's business performance across a range of metrics.
The Financial Benchmarking Scorecard is designed to measure and track your firm’s financial performance.
Financial benchmarking can help to persuade lenders, investors, insurers and other stakeholders to engage with your business, as it can demonstrate the importance the firm places on sound financial management and monitoring.
To that end, the results can be particularly essential in the context of loan applications and equity investment (as prospective investors will use financial benchmarking to better understand the firm’s financial stability and growth potential).
By entering your aspirational performance figures into our model, you can also safely test the potential impact of changes to your key input costs.
This in turn will help you to have more informed and meaningful conversations with department heads and fee earners, as you’ll be able to clearly highlight areas for improvement and back this up with the numbers.
To get started, fill out our Financial Benchmarking Scorecard spreadsheet, then get in touch for a free initial consultation.
"The Financial Benchmarking Scorecard is a key resource which helps law firm leaders to have an informed discussion about the performance of the business. Use the scorecard to track performance throughout the year and utilise the results to plan the next step."