Lawyers
Precise: Providing Financial Services to Law Firms Since 2008
Lawyers specialize in certain aspects of the law. We specialize in business economics for law firms – and currently work with approximately 70 retainer clients, globally.
We are one of the world’s most experienced financial service providers for law offices, with more than 10 client firms in the New York metropolitan area, alone.
Precise is a sponsor of the Managing Partner RoundTable™, the largest peer program for managing partners of a small and mid-size law firms (with over 100 members). We are also responsible for editing and analyzing the yearly benchmark survey published by the program.
Managing a modern law firm is very challenging, where decision-making is based on the quality, and timeliness, of the information availble to the partners .
Precise developed a service model especially suited for law firms of all levels and sizes – from small firms, without any internal financial function, to mid-sized firms, with an in-house CFO and finance department.
With a service package aimed at increasing profits, and enhancing business stability, you’ll have the right tools to address every contigency on your firm’s way to success.
What can you expect from working with us?
Financial management & on-demand CFO services
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P&L analysis and preparation of yearly target reports
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Monthly reporting on business performance and profitability, at the department, partner, accouciate and client levels.
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Financial Forecasts
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Time Management
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Employee efficiency
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Collections Managements
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Pricing and rates
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Hourly cost analysis
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Activity synergy
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Unwavering focus on employee client, and matters profitability
Compensation
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Lateral partner compensation modeling
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Equity partner compensation modeling
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Associates compensation
Benchmark
Being the firm that edits the vastest survey for law firms in NY/NJ, we are probably the most exposed factor for law firms' financial data in the region. We edit your firm's data VS market data and based on the survey results, together we analyze and set up the firm's targets.
Billing & Collections
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Agreements with clients
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Client invoicing
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Payroll Management
BI system
Planned and programmed by Precise-technical staff. We have created the most advanced BI system on the legal market for the ust of our analysts and clients. Business data is now your fingertips online for your use.