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Law Firms

As one of the world’s largest and most experienced financial management providers for the legal sector, Precise is uniquely positioned to address the formidable challenges faced by today’s modern law firms.

Leveraging an exclusive methodology designed specifically for law firm leadership and honed over three decades of partnering with practices of all sizes and scope in markets worldwide, we strive to influence decision-making toward achieving performance goals, improving firm stability, and maximizing potential.

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No matter your practice area – corporate, litigation, real estate, labor & employment, international property, and more –

Precise will ensure leadership always sees the big picture.

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Our tailored solutions, combined with our unique technology and proprietary software developed explicitly to meet the needs of the profession, will provide partners with the data and insights needed to:

Drive
Profitability

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Increase Revenue
Per Lawyer

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Drive Improvements
in Utilization and
Realization Rates

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Close the Inventory

Hours Gap

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Our Services

Enhanced P&L

P&L Analysis

Annual review of income and expenses to determine profitability, identify strengths and weaknesses, and accurately gauge overall financial health.

Employee Bonus Structuring

Employee Bonus Structuring

Recommendations for associates and paralegals based on our proprietary modeling.

In-Depth Project Analysis

Firm Financial Diagnoses

Analysis of legal industry-specific KPI to assess financial performance compared to market average and firm potential and pinpoint areas of weakness.

Optimizing Resource Allocation

Partner Compensation

Recommendations for lateral and equity partners based on our proprietary modeling.

Billing & Collection Monitoring

Billing & Collection Monitoring

Identify areas for improvement through close monitoring of billing and collection activities.

Target and KPI's Monitoring

Target and KPI's Monitoring

Establish and monitor billing and revenue targets for specific departments and employees.

Performance Measurement

Performance Measurement

Monthly review of billing ratio, collection ratio, and realization ratio to target areas for improvement.

Yearly Budget Control

Yearly Budget Control

Month-over-month tracking of revenue and expenses to ensure alignment with annual budget targets and enable informed decision-making toward greater profitability.

Money Chain Management

Money Chain Management

Facilitate faster invoicing, more efficient collections and expedited client payments through process monitoring and optimization.

Benchmarking

Benchmarking

Gain insight into market position through annual benchmarking based on industry-specific KPIs.


Insights for Success

Stay on top of all the latest legal and A&E industry news, trends, and developments with Precise. Our expert team harnesses decades of multidisciplinary experience to bring you invaluable insights, helping your firm respond more effectively to diverse professional challenges.

Insight 2

Precise Takes On Firm’s Dysfunctional Billing Dept, Profits Grow 20%

Read more >
Insight

Firm Masters Budget with Precise Methodology, Revenue Per Lawyer Grows 15%

Read more >
Insight 3

Right-Size Law Firm Realization Rates to Improve Outcomes for Clients and Increase Revenue

Read more >

Your Success Formula

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Contact Us

Discover your success formula.
Let’s discuss your needs and how we can help you take your firm to the next level.

    Israel

    Headquarters:
    14 Carlebach Street,
    Tel-Aviv, Israel


    E: precise@precise.co.il

    T: +972 (0) 3 529 1581

    Israel

    United Kingdom

    Headquarters:
    70 White Lion St. London N1 9PP


    E: infouk@precise-int.com

    T: +44 (0) 7732 426 048

    London

    United States

    Headquarters:
    5 Penn Plaza, 19th fl.,
    New York, NY 10001


    E: infous@precise-int.com

    T: +1 212-835-1677

    New York

    Greece

    Headquarters:
    Ergotimou 11, Athens 116 34, Greece


    E: infogr@precise-int.com

    T: +30 2107 290 818

    Greece