This dashboard provides rate metrics derived from approved invoices. The effective rate is calculated using the adjusted charge amount per unit at the invoice line-item level.
You must have the Dashboard Administrator role to view dashboards for your organization.
Controls
Selecting the Controls drop-down menu reveals a list of filters. Adjusting these filters updates the graphs displayed below.
Viewing the Graphs
Each bar chart allows users to compare their law firms’ effective rates against benchmark data based on selected filter criteria.
The graphs display hourly rates for Partner, Associate, and Paralegal timekeeper levels. Rates are shown at the 25th, Median, and 75th percentiles.
All currencies are converted to USD for comparison purposes. The exchange rate date is determined by individual customer preference and may be based on the Invoice Date, First Submission Date, or First Approval Date.
Analysis Tables
Hourly Rate Analysis - By Year
This table compares timekeeper-level rates between benchmark data and client data by year. It also displays the number of matters and timekeepers with approved invoices.
Hourly Rate Analysis - Timekeeper Level
This table compares benchmark and client rates grouped by timekeeper level. The 25th, Median, and 75th percentile values should align with those shown in the Hourly Rate bar charts. The table also includes the number of matters and timekeepers with approved invoices.
Customer Attributes
The Customer Attributes tab includes two sections.
The Customer Attributes section lists:
- Customer Name
- Customer Industry
- Customer Sub-Industry
- Customer Revenue
The Matter Attributes section lists:
- Matter Category
- Matter Sub-Category
- Matter Type
- Customer Office Name
- Matters (number of matters)
To expand or collapse a section within the Matter Attributes area, click the plus sign (+) next to the desired section.
To export the data, click the ellipses icon located on the far right of the screen.