February 8, 2007
New Web-Based Benchmarking Service for Law Firms
Juris® Insight, a ground breaking peer group benchmarking services is now open for business. The new web-based service from Juris, Inc. went live the first week of February 2007.
Juris Insight will give participating firms relevant competitive intelligence and other tools to help the firm set and achieve its goals. Measurement improves performance. But setting goals and measuring performance with an internal focus alone is not enough to drive partner income to the optimal level. The most effective measurement systems must include comparisons with peers and competitors to set the right goals that, if met, will ensure the firm performs at the highest level.
Law firms spend hundreds of dollars purchasing outdated surveys each year. They incur even greater cost through invested staff time responding to survey requests and then manipulating and analyzing the survey results against the firm’s own metrics. Juris Insight eliminates that investment in staff time by extracting information automatically from the firm's Juris system and by providing comparative results in a format that is in synch with how the firm tracks its own performance.
Stephen Collins, President and CEO of Juris, Inc., explained: “Athletes always carefully study and measure the performance of competitors so they can adapt their training to win. They know that when you have a target, the odds of winning go up dramatically and goals are more achievable. With Juris Insight service, law firms will know exactly how their firm’s key performance metrics compare to peers.”
Juris Insight benefits include:
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Automated survey preparation and submission
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Relevant and comparable benchmarks designed around the law firm business model
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Peer group selection control for meaningful comparisons
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Customizable views and metrics
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Current information on an ongoing basis
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Goal setting models to increase partner income
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Confidentiality and security
You can learn more about new benchmarking technology by reading the following prior posts:
Law Firm Benchmarking Comes of Age
CitiGroup Private Bank Benchmarking Involvement
Benchmarking Services for Midsized Law Firms
Benchmarking Services by Redwood Analytics
The Importance & Power of Legal Surveys
Morepartnerincome.com is sponsored by Juris, Inc. For information about Juris® products and services for increasing law firm performance and partner income, go to www.Juris.com.
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Filed under Benchmarking by Tom Collins
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