The Matter Activity Report provides you with a broader and more granular view of matter-level financial data. The report: Enables users to view complete financial performance per matter Facilitates more accurate reporting, performance tracking, and billing realization analysis Supports strategic decisions with expanded financial visibility To access the report, go to Reports > Financial Productivity > …
Each matter has a Matter Owner (Responsible Lawyer) and many reports can be run by Matter Owners. Collection by Matter Owner is an extremely important report that computes earned fees for Matter Owners in a given date range.
You can use this report to do the following:
1. Evaluate the performance, profitability, and efficiency of the timekeeper/firm/matter owner/matter party
2. See what was billed in the month, what was collected in the month, and the hours worked in the month
Collection by Matter Party report lists fees collected for matters assigned to a specific matter party in a given date range. This report also provides collection summary totals for each Party Role, Matter Owner as well and Timekeeper.
This report can be used for a variety of needs: Productivity measurement; facilitating apportion fee allocation to timekeepers by work/collection activities; and distribution mechanism for improved cash flow for outside counsel.
Each matter has a Matter Owner (Responsible Lawyer) and many reports can be run by the Matter Owner. Billing by Matter Owner is an essential report that computes billed fees for Matter Owner in a given date range.
This report lists fees billed for matters assigned to a specific matter party in a given date range. This report is especially helpful for those who follow accrual accounting, in determining distributions to matter parties.
This report contains fees billed by the timekeeper in your firm during a given date range. This report can be used for productivity measurement or for distributions, for those firms that follow accrual accounting.
The Billed Fee Allocation report details billed fees by invoice, matter, and party as well as calculates allocation based on assigned allocation percentage.
The Collected Fee Allocation Report displays the fees billed and collected within the designated time frame while applying the percentage allocated to each individual.
The Top Clients report ranks your clients based on fees billed or fees paid for a selected date range. You can filter the report by Matter Owner and Area of Law. This report does not include any expenses or taxes attached to the client invoice.
Using the filters provided you can choose to view the report by different criteria such as Matter Owner, Timekeeper, Client, Matter, Area of Law, and more.
To produce accurate fee allocation reports, you must first set up: 1. Timekeeper Allocation Percentages. 2. Matter Level Fee Allocations
